Citibank will soon require clients to place some restrictions on gun sales, including banning the sale of firearms to anyone under the age of 21. This change was communicated as part of a statement condemning gun violence and citing insufficient gun control measures.

In addition, the bank will require retail clients to not sell bump stocks or high capacity magazines and to sell guns only to those who have passed a background check.

“As an avid outdoorsman and responsible gun owner, I know that some will find our policy too strict while others will find it too lenient. We don’t have the perfect solution to supporting our Constitution while keeping our children and grandchildren safe. Best practices are going to continue to change, and we understand the limitations of our efforts. But we shouldn’t let that stop us from doing our part,” Corbat stated.

Michael Corbat is demonstrating the traits of a 360 degree CEO©, acknowledging that while they may lose business as a result of this policy change, he is leading in alignment with his values.

“We will respect their decision [to not conduct business with Citibank] and work with them to transition their business away from Citi…We have waited for our grief to turn into action and see our nation adopt common-sense measures that would help prevent firearms from getting into the wrong hands. That action has sadly never come and as the weeks pass after the most recent mass shooting, it appears we are stuck in the same cycle of tragedy and inaction.”

In The 360 Degree CEO: Generating Profits While Leading and Living with Passion and Principles, learn more about the business case for the whole CEO as demonstrated by Michael Corbat. Pick up your copy here.

My clients accelerate their results – increasing profitability, leadership performance, innovation, and accountability. I would love to discuss how I might help you thrive and contribute to your overall success. Contact me today.

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© 2018 Lorraine A. Moore. All rights reserved. Permission granted to excerpt or reprint with attribution.