Yeah Put It On IT, That's Good. Everybody Hates Them Already, Anyway.

Posted by Bess Levin, Dec 18, 2007, 3:17pm

About a year ago, management decided to fire a bad trader. Unfortunately, one MD thought that another MD fired him and the other MD thought that one fired him. So, no one told him. Then, one day, he shows up for work and his key card didn't work to get into the building. He talked to security, and they let him up. Then, he couldn't log on to his computer. So, he called IT, and they told him he no longer works for us.

Earlier: Layoffs Watch ’08 Update: Citi CDO In '07

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Posted by Big Pimpin, Dec 18, 2007 3:27PM

That is classic but as an IT professional on wall street I can tell you that this happens quite a bit. It also happened to my buddy who was a lawyer at a large corporate law firm. He heard rumors he might be fired but still kept coming to work. No one had the balls to tell him he was fired so he just came in at 11 and went on a 5 hour lunch every day. finally his ID stopped working and he didn't even bother to try and get upstairs. A couple of weeks later they stopped paying him.

Posted by , Dec 18, 2007 3:35PM

Did he get to keep his red stapler?

Posted by Anon, Dec 18, 2007 3:49PM

Sounds like he was just working normal hedge fund legal/compliance hours.

Posted by , Dec 18, 2007 3:50PM

did you guys find a huge stash of blow or something? your prolificacy today suggests you're all doing lines (huzzah!).

Posted by , Dec 18, 2007 4:15PM

no.. we *fixed* the glitch

Posted by Bad Leg Quezada, Dec 18, 2007 5:33PM

The way I've seen it done in Houston is that they get your MD to meet you for breakfast and he drops the dime on you there. He hands you an envelope with 9 months, tax adjusted "severance" (as long as no potential criminal or insubordinate legal issues are involved), asks you to sign a document saying you won't discuss the matter "in a negative way" to anyone (they won't either, he'll say) and tells you not to bother to go to the office....they'll pack up your shit and get UPS to bring it to you.

Not that I would know "personally", of course.

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