Just think of all the pearls of wisdom these kids could've received! Charlie Gasparino reports:
Lorello caused a firm-wide stir last week when he responded to an email from Jefferies’ human resources department calling on employees to help interview more than 130 intern candidates. Lorello responded with a “reply all,” alerting much of the firm that he would take a 2pm to 6pm slot on Saturday to meet with the potential recruits. The move by the high profile, albeit controversial health-care banker went viral inside Jefferies offices, prompting other Jefferies executives to follow Lorello’s lead and volunteer as well. But people at the firm tell FOX Business Lorello was ultimately a no-show. One employee said Lorello “tricked people” into volunteering, adding with snicker: “He may have never had any intention of going.” A senior executive at Jefferies denies that Lorello did any such thing, and didn’t attend only because “enough people had signed up that HR told him he wasn’t needed.” “If he was needed, he would have gone,” the executive added...
Lorello is considered one of Wall Street’s top bankers focusing on health care, which would have made his attendance a special occasion for both interns and others who volunteered. According to charges in a 2013 wrongful-termination lawsuit filed by a former female colleague at Jefferies, Lorello asked her about her personal dating life in front of male staffers after she said she was trying to get pregnant. Lorello has denied the charges and is fighting them in court. Lorello is also the boss of Jefferies investment banker Sage Kelly, whose messy divorce with his wife Christina became a tabloid sensation. Kelly’s wife alleged he prodded her into having sex swaps with firm clients and their spouses in exchange for investment banking business, and that he was so inebriated he once defecated in their bedroom. Kelly went on leave from the firm in late October, and has not been seen around the offices since.
Did Jefferies’ Ben Lorello Bail on Interns? [FBN]