Is your revenue production down? Not bringing in those million dollar accounts? Maybe your branch manager has threatened to move you to a more rural location, or garnish your wages a bit? Be thankful—at least he’s not asking you to take female hormones and dress up like a woman! The New York Post recently reported (read story here) that Andrew Tong, a trader at SAC Capital, the $2 trillion Stamford-based hedge fund, filed a lawsuit last week in Manhattan Supreme Court alleging those very things against his boss, Ping Jiang.
And, in case you missed it, in similarly wacky but unrelated news about traders, the Post also had a piece about Greg Calvino, a trader with Thomas Weisel Partners, who recently got himself into an unenviable pickle with his ex-girlfriend allegedly over a promise he couldn’t keep (read story here). Apparently, Calvino wrote an email to his then girlfriend promising to not “use drugs, stay out late, or frequent strippers or prostitutes.” He backed it up with a $100,000 check that she could cash if he broke his promise. Guess what happened? Yep, and now he’s suing her to get it back. Financial planning, folks, it’s steady work—and no one makes you play dress-up or write checks you don’t really want anyone to cash.