We gotta get out of this place...
Deutsche Bank's Mary Cirillo and Citigroup's Heidi Miller are good friends. They're also two of the most senior women in banking in the US. At least they used to be. For on the last Wednesday in February both of them resigned, and both are looking at e-commerce for their next step. It's a big change for both. And their departures are indicative of what DLJ analyst Joan Solatar calls "one of the industry's biggest challenges - the loss of intellectual capital to dot coms and venture capital firms".
Only Miller has a job to go to thus far. In making the leap, she is swapping the staid red umbrella, the recognized brand logo at Citigroup, for the rather more whacky symbol of William Shatner at priceline.com
For the uninitiated, priceline.com sells discounted airline tickets, hotel rooms, car hire and even groceries on-line, and plans to add long-distance phone calls and petrol.