Michael J. McCarthy, a trader at Citigroup has been fired after bosses discovered his offensive website:
“The 35-year-old stock trader was let go earlier this week after his employers realized he was ‘Large,' the man of bulk who operates www.takeareport.com, Bloomberg News reported. The McCarthy Website showcases women who manage to look insufficiently dressed along with bawdy commentary on celebrities. ‘This employee was terminated for behavior that violated the firm's code of conduct and policies,' Citigroup spokeswoman Danielle Romero-Apsilos said. McCarthy, a vice president, declined to comment on his departure from the New York-based bank. Financial industry regulatory records show he's been at Citigroup for seven years, most recently trading shares of utility and power companies. ‘It's a little over the top,' said Barry Ritholtz, director of equity research for New York-based Fusion IQ, who has looked at the site and has his own financial blog at www.bigpicture.typepad.com. ‘I can see why a conservative bank is not going to be happy with it. It's funny as hell.' The Website, created in April 2007, consists of commentary about homosexuals, excretory functions, concert reviews and college football picks. The name of the site refers to the Wall Street phrase, ‘take a report,' used on trading desks to confirm to a customer that an order had been executed.”
Citigroup dumps blogger at large [shanghai daily]
(screencap via pam's house blend)
