25 April 2017
Find out more

Citi boss Corbat meets Ice Bucket Challenge but Icahn ducks out

29 August 2014  |  5811 views  |  0 Mike Corbat, CEO, Citi

Citi CEO Mike Corbat has become the latest Wall Street heavyweight to prove that bankers do have hearts, and marketing savvy, by taking the ALS Ice Bucket Challenge.

In a video posted on Facebook, Corbat, wearing a cap, braved the ice in support of research into amyotrophic lateral sclerosis, also known as Lou Gehrig's disease. He then nominated Citi co-president James Forese, Berkshire Advisors boss Jay Kemmerer and skier Billy Demong.

Not normally associated with philanthropic excess, senior bankers have enthusiastically embraced the Ice Bucket Challenge. Earlier this week Jefferies Group CEO Richard Handler uploaded a video of his effort to YouTube, following in the footsteps of TD Bank chief Tim Hockey, UBS boss Sergio Ermotti, and Wells Fargo's John Stumpf.

Not everyone is onboard, though. One Wall Street veteran to duck the challenge is Carl Icahn, who made his excuses on Twitter after being called out by Handler:



The Visible Banking site has been busy compiling a YouTube playlist of all the major finance players to take up the challenge:


Earlier this week, the ALS Association revealed that over the last month the viral challenge has helped it raise $88.5 million in donations, compared to $2.6 million during the same time period last year.
KeywordsSOCIAL MEDIA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Comic Relief explores bitcoin donations for next telethon

Comic Relief explores bitcoin donations for next telethon

06 June 2014  |  6773 views  |  1 comments | 4 tweets | 5 linkedin
Citi translates electronic FX trading activity into charity dollars

Citi translates electronic FX trading activity into charity dollars

01 October 2013  |  5330 views  |  0 comments | 2 tweets
Scotiabank taps Facebook for 'richness' charity campaign

Scotiabank taps Facebook for 'richness' charity campaign

23 April 2012  |  5809 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
hands typing furiouslyDoes the Buck Stop with GameStop?
13887 views 0 | 3 tweets | 14 linkedin
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
11417 views comments | 31 tweets | 20 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
9589 views comments | 35 tweets | 38 linkedin
Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile inWestern Union and MoneyGram unveil Faceboo...
8942 views comments | 17 tweets | 17 linkedin
Coinbase plans Ethereum messaging appCoinbase plans Ethereum messaging app
8599 views comments | 14 tweets | 15 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job