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Ex-Raymond James Exec Says He Was Fired For Having Cancer

Ex-Raymond James Exec Says He Was Fired For Having Cancer

Working in the investment business is tough these days. Clients are screaming about the markets, multiple boob jobs are no longer tolerated and clogged toilets are shutting the computers down.

Now, it appears you can also get fired for having cancer. Just ask Stephen Fredericks, a former MD at Raymond James, who filed a lawsuit today against his former employer.

Fredericks, who worked for Raymond James from 2002 to 2009, said he underwent chemotherapy in 2008 after being diagnosed with lymphoma. As a side effect, he occasionally “spontaneously fell asleep,” he said, and was told that if he nodded off, he couldn’t continue to work. He went on disability in May 2009 and was terminated that July, according to the complaint.

“If you fall asleep again, I’m going to have to get rid of you or you will have to go onto disability,” Fredericks claims his supervisor told him, according to the filing.

Meanwhile, the complaint says, another sales trader with no medical disability fell asleep at the trading desk.

“This sales trader also viewed pornography on his computer and he was not fired until after” Fredericks raised his claims, according to the complaint.

Ex-Raymond James exec sues, says he was fired after chemo [Bloomberg via InvestmentNews]


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Things AIG Employees Say: “Make sure you grab a bite to eat before this one does! He’s been known to clean out a Danish platter!"

What were AIG employees doing in April 2008? Carelessly writing CDS on enormous quantities of mortgage-backed securities and (allegedly) laying the groundwork for being sued over "racist [and sizeist?] taunts," apparently. An obese black lawyer filed a federal lawsuit yesterday against insurance giant AIG and an ex-supervisor, saying his white boss yelled out “Hey! Hey! Hey! It’s Fat Albert!” and other racist taunts. Earl Brown, 43, an Ivy league-educated lawyer, claimed in the civil-rights suit that the ex-boss, John Hornbostel, 49, peppered him with racist remarks and cruel jokes about his weight for years before he was canned without cause. “Make sure you grab a bite to eat before this one does! He’s been known to clean out a Danish platter,” Hornbostel yelled about Brown during a meeting in April 2008, the suit claims. Hornbostel then allegedly walked away humming the tune to the “Fat Albert and the Cosby Kids” animated TV show. Hornbostel seems to have ended up at a hedge fund post-AIG. It's unclear if he's tried out any new material on his new colleagues. Obese lawyer sues supervisor and AIG for ‘Fat Albert’ insults [NYP via ATL]