HSBC Officially Fires VP Who Reported Boss's (Alleged!) Sexual Harassment Of Female Underling

Add it to the now lengthy number of claims Michael Picarella can make against the bank.

You could argue the bank unofficially fired Michael Picarella when it locked him out of his computer and his office, and then paid him a bonus of $0.

Picarella’s departure last week came after continuing disintegration of his relationship with the bank over a lawsuit filed in June. “HSBC has further retaliated against Plaintiff by terminating his employment,” according to a letter filed Monday afternoon in Manhattan federal court...In a sexual-harassment retaliation suit filed in June, Picarella accused his employer of retaliating against him for reporting suspected harassment. The report involved an unnamed female junior employee and then-HSBC exec Eileen Hedges. Picarella claims he was demoted after he made the allegations. Hedges, who no longer works at the firm, “attempted to expose Jane Doe’s breasts to male bank employees by pulling her blouse down at an office function,” according to the complaint, which contained other tawdry details.

Senior VP suing HSBC for retaliation is terminated [NYP]

Earlier: Every Sexual Harassment Allegation Against Fired Female HSBC Exec Is Worse Than The Last; Lack Of A Bonus Watch ’15: People Who Report Their HSBC Bosses For Encouraging Subordinates To Sleep With Clients