“shoes”

  • 15 Sep 2014 at 2:58 PM

Sex, Shoe Bonuses For Interns NBD At UBS (Update)

Update: A spokesperson for UBS said in a statement: “We do not comment on allegations in pending litigation other than we believe the claims against the firm to be without merit. Collins was terminated after she raised a complaint and the firm investigated the situation. We do not condone this sort of behavior.”

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Like so many sexual harassment cases before this one starts out with:

  • Wealth manager goes to his local bar, hits on bartender, tells her she should be working in corporate sales: “[James C.] Collins first met [Samantha] Lambui in the fall of 2012 at Katie Mc’s Bar in Huntington, NY, where she worked as a bartender, according to the suit. As a frequent customer at the bar, Collins allegedly used to visit during her shifts. ‘Their conversation developed from bartender-patron to friendly but never romantic,’ the suit states. In November 2012, Collins told Lambui of his position at UBS. He persuaded her to apply for a job at the firm, arguing that ‘she could get anyone to do anything she wanted,’ and that ‘she should be doing sales for UBS,’ the suit alleges.”
  • Wealth manager claims it’s totally normal for people working in finance to receive extra bonuses in the form of shoes: “On Jan. 8, 2013, Collins described Lambui’s duties in an email. Her tasks included researching venues for client events, researching initial public offerings, emailing clients with updates on stock prices and stock research and sending newsletters regarding news in the financial markets. In the email he also stated that fashion items would be available as bonus incentives for superior work. ‘Tuesday’s [sic] and Friday’s [sic] are going to be our (and by our I mean you) [sic] day to prospect and most important days. That is the only way to get to the LB’s,’ Collins wrote in a text message to Lambui, the suit alleges. ‘LBs’ is a reference to Christian Louboutin shoes, the complaint explains.”
  • Wealth manager casually mentions that the way to earn the extra shoe bonus is by having sex with him: “In mid-March that year, he sent her to New York City to interview venues for a client event. He also allegedly asked her to purchase new clothing, sending photographs of the outfits for his approval before the purchase. That night, he told her to meet him at a hotel for sex to earn the ‘bonus Louboutins’ the next day, the suit claims. She replied ‘absolutely not’ and that ‘no bonus could be worth that,’ the lawsuit claims.”
  • Wealth manager explains that the sole purpose of hiring interns is so he can have sex with them, and you’re an intern, so…: “In response to sexual comments, Lambui would remind Collins of his wife, to which he allegedly responded: ‘I wish I never met my wife,’ and ‘I didn’t marry the love of my life,’ the suit claims. He also said ‘I sleep with my interns, that is the only reason to hire interns,’ the suit asserts…She resigned on June 22, 2013. Before that she allegedly received a text message from Collins that said: ‘Look I’m at the marina and my buddies just left so either u visit or the internship is over.’”

Except whereas typically an employer would respond to such allegations with a “no comment” or “we do not condone such behavior” or a “this employee is no longer with out firm and by the by, this is totally inappropriate and not the norm,” UBS went with this: Read more »

“Sometime around Sunday, 4 o’clock or 5 o’clock, we started getting e-mails saying the deal is dead: no Barclays. We’re gonna file. And that’s where the panic reached a peak. If the bank was going to file for bankruptcy, we wouldn’t be able to enter the building on Monday morning. That’s really the reason everybody headed back to 745 Seventh Ave.: to collect whatever personal items they might have. The trading floor was packed, but people were not working. Some were crying. Some were drinking beer. Some were doing shots of tequila. Most of them were smoking. There was total chaos. I just saw a lot of people packing boxes, taking pictures of their families, clients’ business cards. The girls were just packing boxes and boxes of shoes. I discovered that most females tend to have multiple pairs of shoes under their desks. I had no idea until that day.” [BusinessWeek]

For its 25th reunion last year, the members of Harvard Business School’s class of 1986 were asked to fill out an 85 question survey to give their former classmates a picture of where life has taken them since the gang parted ways. In addition to standard queries like “how much money are you making” (median annual net income: $350,000, median personal net worth: $6 million), “did you start a business” (36 percent said yes), “was choosing to attend Harvard Business School the best decision you’ve ever made” (48 percent responded that it was “one of the best decisions of my life,” 1 percent boldly claimed “it was not a particularly productive use of my time or money”), and how many times have you been laid-off and/or fired (4 percent have been “involuntarily dismissed” three times, 13 percent twice, and 47 percent once) the questionnaire writers dug quite a bit deeper to find out that: Read more »

Prudential Douglas Elliman broker Darren Sukenik has rules for people who come to his open houses: have the cash to buy what he’s selling, don’t waste his time, and do not bring god knows whatever is on your shoes into this apartment. In order to ensure prospective buyers abide by commandment number three, Sukenik typically insists people either take off their shoes before entering or cover them with “surgical booties.” Explaining his rationale, he told the Times, “[These] apartments are precious…you want to make it feel like a jewel box. You wouldn’t wear construction boots in a jewel box.”

Usually, people play by Sukenik’s rules. There is one group of people, however, who’ve brought some friction to the table.

Mr. Sukenik said that in the past, some buyers, especially hedge fund executives who view it “humbling” to bare their feet, have angrily stormed out.

Read more »

From: Francis, Melissa
To: Bess
Date: 10:16 AM
Subject: I’m back!

Hope I can fill Mandy’s … shoes!