Point 72 lawsuit
Saw this on LinkedIn, some wild shit. Today, I took one of the most important steps in my life. I filed a lawsuit against Point72 Asset Management for disability and race discrimination, retaliation, and their profound failure to accommodate my disability, PTSD.
I believed Point72’s promise of inclusion, diversity, and support for mental health. Instead, when I sought a simple accommodation to manage my PTSD symptoms, I was met with suspicion, isolation, and ultimately retaliation. Their actions didn’t just hurt my career, they undermined my dignity.
I’m sharing my story publicly because no one should face retaliation or discrimination for advocating for their basic rights and well-being. Companies must be held accountable when their actions contradict their promises, especially on crucial issues like mental health, diversity, and inclusion.
I’m grateful to my attorneys for fighting by my side. This fight isn’t just about me, it’s about every individual who deserves a fair, respectful, and inclusive workplace.
Yeah not sure you can really push the “racial discrimination” angle at MM hedge funds.
There’s a lot of negative I can say about P72 but that isn’t one of them ime
The racial part of the lawsuit was relatively ancillary- it was more about how they fired this kid like 3 days into his internship for having PTSD
I can attest that the racial spin won't last in court because it simply isn't true. Both black and white friends of the founder's kids went to academy
Championing meritocracy!
I can confirm this thread has been scaring the sht out of Acad mgmt in the past few days. They’ve been telling WSO to censor comments in this thread. The OG comment said “both black and white friends of [founder of Point72’s children] went to Academy”. Completely different meaning. What a fcking joke.
Next thing you know they will be requesting a seat change too. Their reputation is done for.
This thread has also been removed from the front page of the site fyi
The unfortunate thing is their reputation will never truly be done for. There will always be kids desperate to join the buyside who will chase academy despite everything that has transpired. This is a very cruel industry. What I can say though, is that good talent will now be wary of these guys and the quality of academy intakes will gradually worsen more than it already has.
How dare these guys censor us? For not even cursing? I clearly said both black and white friends of Коэн's kids. Time and again this site shows how much of a sellout platform it has become.
is that the hebrew spelling of the name or did they censor it again lol
Btw, seems like your comment was semi-reverted. They tried censoring it to “both black and white friends went to academy” for a bit
I read the whole complaint. Here’s my take:
All this said intern is absolutely idiotic for filing this suit. Really weird guy making up random shit. Would be horrible to work with and I’m very thankful I never had to work with him.
lol. I’ve dealt with her before and this all sounds about right. She needs to be axed.
Don’t forget my boi
You can't discriminate against someone due to disability though. Either way you're opening yourself up for a lawsuit. I get your point though.
My question is what is his PTSD? I think the youth are hyper accelerating to always find something that's wrong with them even when there isn't. I remember in high school where there was this huge push for mental health awareness and it feels like things have only gotten worse since then. Maybe talking about your problems isn't actually that beneficial and doing something about them is what needs to be done? I'm 28 soon to be 29 for context, but it seems so odd how the youth are hyper fixated on picking sides, being perma mad, and always having some mental crisis.
I encourage you to read the lawsuit. His dad was a USMC vet that regularly beat him and his mom.
Can you post the link to the whole complaint? Have been tryin to find the full set of documents online but I cant
Ann Arbor is known for its liberal image, but for many people of color and immigrants, it feels far from inclusive. A racism rating of 9/10 reflects the constant microaggressions, social exclusion, and elitism that shape daily life. In a nutshell, Ann Arbor is deeply racist—many people are hostile toward those who don’t assimilate or speak perfect English.
Sorry but as someone truly “of color” (I hate that term) this reads like far left nonsense to me. “Microaggressions” wtf are you talking about? I am no big Trumper but it’s words and thoughts like this that would get me to vote for a third term constitution be damned…
If a minority can’t make it in far left bubble of Ann Arbor it’s their own fault, period. Again I am very visibly a minority.
Michigan is no different than the rest of America. And our great country is truly exceptional at meritocracy. The largest companies by mkt cap in America and the entire world are run by two thickly accented Indian men, a gay man from Alabama, and a Chinese American - Sundar Pichai, Satya Nadella, Tim Cook, and Jensen Huang. Between these four clear minorities is >$15 trillion of market cap / greater than total GDP of our country!
Find me even one minority who runs even a relatively small $500 billion cap company in France or Germany or Japan or Mainland China.
.
Academy management ferociously trying to upvote this lmao. what a fucking joke
The reason why that club at a state school has credibility is because the head of recruiting was in it when she went to said state school.
HR beckies are a cancer on corporate America...have heard too many nightmare stories and there is definite anti-male bias. This is something that needs federal reform truly; moronic people can't have such outsized power over people's careers and livelihoods with no check / balance.
At a minimum HR / HCM departments and the legal people they report to should be 50% m/f, I am sure there are other ways to ensure fairness anytime there is an issue. Have one friend who worked at P72 ventures a while back and he didn't say anything especially bad about the culture; public market side may be different.
The stuff the HR woman said to him was totally not justified though to be fair. Telling him he might be more comfortable in a data analyst role immediately just because he asked for a different seat on the first day? That's messed up.
That's part of the accommodation. What's so wrong about working as a data analyst? That was a legitimate solution
you are a fucking donkey. the proper accommodation isn’t a completely new job, it’s a new seat ten feet away.
God logic is dead.
who are they?
Look, some people have not grown up in abusive households and have never been conditioned to be anxious when hearing footsteps. This isn’t as weird as people say it is. Be fortunate you never had to deal with that. Try having your arms bruised purple every week of your childhood and see how you turn out. It’s an uncomfortable reality some deal with that most will never comprehend, which I believe is the root of the lack of empathy here.
That said, I agree it is something you just need to push through and re-condition yourself to get over. For some people, it takes longer. The kid was 20, and likely wanted to be in a position to perform 100%. When you’re from that type of background, having your foot in the door at a place like P72 is a lifechanging opportunity. The fact he was fired immediately after asking for the simplest of accomodations is the kind of repulsive behavior I keep hearing from that shitbrained Academy management.
I hope I sound reasonable here.
Agree entirely! My mum came from an insanely abusive household/childhood that gave her lifelong trauma and issues.
She did all she can to make sure I never go through any of this. She eventually became an insanely successful entrepreneur and I had the best childhood you can ever imagine and I’m forever grateful for it!
That being said, given my proximity to the topic (and a good A/B test given my upbringing) how PTSD can have such a grip on you.
Shame on Point72. They knew what issues he was dealing with and they didn’t accommodate him. Struggling with mental health is normal and doesn’t mean you can’t become successful
You sound like you have your head in the right place and are very reasonable. Raised the right way. Most people on here either have no empathy or simply try to be edgelords. I was called a temu AOC by someone on another thread for simply pointing out the same thing.
Thank you!
When you see what a childhood of abuse, violence, death, heavy debt can do to a loved one, you do get a good perspective of how wild things can be for the person sitting next to us.
The world is a pretty terrible place already. Hope people start being a bit considerate. Costs you nothing, not your money and certainly not your career.
Seeing the young prospective monkeys terrible attitude on this platform is showing me that finance will just stay as rotten and culturally bad always!
Given they are behaving like this, please don’t come crying once you’re a 35 year old, divorced and burned out principal/director that just got shoved out of partner/MD track in a toxic firm
I read the other thread. Your comments were removed by the moderators not because you "simply pointed out the same thing", but because you ranted and called people "pendejo" and "r4cists" simply for disagreeing with you.
This "disagree with me or you're a r4cist" needs to stop. As a fellow immigrant, who've faced real workplace discrimination first hand, you do us a disfavour by trivializing inability to handle counter-arguments by weaponizing it against basic disagreements. Don't dilute it, please.
I have empathy but there are bona fide employment requirements that override disabilities.
You can’t play in the NBA if you lack legs.
You can’t be a waiter without the ability to walk.
You can’t be a cop or a firefighter without the ability to walk and use your hands and have good mental health.
You cant be an orthopedic surgeon if your hands are paralyzed
And You can’t work as an exotic dancer at Scores or Saphires if you’re ugly or complain about sexual harassment.
Simply put working in a loud environment with lots of footsteps is a Bona fide requirement of being in public markets. I’m sorry that it’s the case, but it is. We might no longer trade in pits, but the environment is the same at all sell side banks and 90% of hedge funds that don’t have private offices (and no one as junior as an intern would get an office).
You’re comparing apples to oranges… how are extreme examples of not being an NBA player due to your legs or an orthopedic surgeon due to not having hands (??) comparable here to someone who simply asked to be sat 10 feet away in an empty desk with his back not facing the corridor? That’s simply what crux of the complaint is as far as I understand.
Do you people read what you write and go “ok this makes sense let’s put it out for the world to see my dumb takes”
i interned with this kid and his narrative is false. what happened was they installed a stripper pole in the middle of the coach’s office for after-pitch favors. his opening dance on day 2 was “pas à la hauteur”—not up to par.
Should have gone down to that CVS near Penn Station…
.
wheatfields in valhalla
.
the ptsd stuff sounds bad
the military and racial stuff seems like click bait fluff
why muddy the water...
Point72 Academy never fails to disappoint. What a meme program lmao
man this place is really falling off a cliff
just Academ tings
Being in a club (or, for that matter, wealth) isn't a protected class...
Regardless of the merits of the lawsuit, p72 dropped the ball here and should have done a better job trying to accommodate him.
lmao this isnt dropping the ball for p72. ive been hearing much, much worse about the senior personnel that run that program.
Likewise have heard some absolutely horrific things about their leadership as well.
Go get those bastards kid. Sincerely, a Fallujah ‘04 veteran (1/8 Marines) who also prefers my back facing a wall.
Del
Ngl this kid has balls of steel. I’d never sue as an intern.
I think the Ptsd part makes sense but why didn’t he seek out help and attention prior to working. This is very serious…
Anyways the student club part is probably true but it doesn’t advantage white people (asian myself). These clubs genuinely recruit well because of their low acceptance rates and young talent base applying in the fall/spring of their freshman year.
Race isn’t the factor as much as socioeconomic status and nepo lwhere you went to school like Andover, Stuy, Exeter, Choate, hell even Loomis.
I know one hs alum (public,not competitive ) who became president/co-prez at HYP’s premier finance org and is now a Partner/on the investment committee at a top firm (Sequoia/Tiger/Lone Pine) in their late 20s. They’re asian/white.
Also why tf would a pod care about racel? They want to make money at the end of the day no matter what.
Congrats on Loomis
Naw i went to a public school. I know of alot of nepo from loomis
A former academy intern told me they watched an analyst literally get taken out on a stretcher by the paramedics (young, 20s) who had a stroke. Still not sure how they managed to cover that up. "Great culture" constantly being promoted on linkedIn seeming a bit of a stretch these days
.
can anyone confirm they cut 15 kids out of 40 in the most recent summer class
.
For all the ones who were fortunate to receive a return offer, I believe you are well within your right to consider reneging for a better one. Every firm (mine included) will understand reneging the Academy given the leadership’s reputation coming to light. I have interviewed a few associates already and the stories I hear make it seem like this behavior from the leadership team is a regular occurrence. I recommend being fully transparent and genuine about your experience.
For those that didn’t receive a return, at least you will have more benefit of the doubt.
Did not get a return from Summer Academy 2025, but I'm very talented. Would love to get in touch.
I don't get it. The whole reason for academy being established was that talent is expensive and instead of paying top $ for PMs who might be a hit or miss, why not cultivate their own talent by getting the brightest kids a foot in the door. This makes perfect sense and is admirable, but on the other hand how do you get away with treating these talents like sh*t?
Behavior of the academy's mgmt aside, I mean buyside in general has a lot of bad actors but they get away with it because they can put the money where their mouth is. The problem with academy is they won't even teach you how to be a good buyside analyst, you have to become yesmen to people who could never become PMs with their own talent. I don't get it because this is dumb, you're killing your own talent pipeline.
I can assure you that all the other platforms with an internship program and even banks and PE firms are kicking their feet up in joy. They now don't have to try as hard because one of the biggest talent sucker on the street seems hell bent of sabotaging themselves.
“You have to become yesmen to people who could never become PMs with their own talent”.
As someone who went through the Academy, you hit the nail right on the head buddy. Stellar observation.
Academy management is now trying to censor this thread. It’s sad because I think this is really important information for prospects, which is what those site is all about.
Did you edit this or was this censored? I recall the last line saying, 'now academy mgmt is trying to turn WSO into yesmen'.
Do you think they will close the academy down after all these instances? Or is it performing well, is it really finding talent for P72? Because other places are not taking this route right.
This is going to get censored by the mods anyway but what the hell, the kids deserve to know. I was in the Academy program a few classes back (and mentored a couple recent associates) so I am more well-versed about it than most. The comments about having to suck up to leadership are true. In fact, I’d say the Academy is >85% politics, because Academy associates are realizing they can get better marks/placement by spending half of their designated pitch times talking about the coach’s children rather than digging deep to find cool insights. The worst-performing associates are consistently the ones that spend zero effort into politics and buy into the whole “meritocracy” thing. Anybody who’s been in the Academy knows exactly what I am talking about. As far as talent goes, let’s just say there’s an annual stockpitching competition in the Academy where Steve judges the finalists. For the first time in my memory, Steve didn’t pick a winner in the most recent ones. The pitches were all vanilla consensus. Turns out turning Academy associates into yesmen doesn’t make them good analysts, who would have thought. Very disappointing to see what the leadership has done. It’s diluting the brand. Citadel, Millennium, Marshall Wace, Walleye, Verition, Holocene are catching up with their new programs.
They won't because they can't afford to. The race for talent is more competitive today than it ever was. All the other platforms and even smaller firms are stepping up their game in order to attract and retain the best talent. Mag7 has also entered the race now along with other F500 companies to the point where you don't need a finance job to get a big payday especially considering the work life balance these guys have to offer.
What I do think is likely though, is that the academy will get a rehaul. There is no way this pipeline is worth anything with the guys heading it right now in place and I think the founder and upper management know it, even more so when you compare academy folks to the recruits at other firms.
You don't think KG (censored by mods) is out there bragging to the other founders over drinks about the kind of talent his program attracted? All this while P72's head is thinking about how he is left with yesmen. There will be an academy mgmt change up, it simply isn't sustainable without it. If the change up doesn't happen and the bad actors are still heading it, then it only means the tree is rotten from its roots to all the way up.
It’s funny because the issues extend way beyond the academy.
Point72 massively overhired over the past few years and how has a lot of mediocre/average teams that probably have an expected return of zero versus a few good highly scaled teams that generate the vast majority of returns.
on top of that analyst progression hits a major wall after 4-5 years of experience, and most analysts at that stage just leave. The “build it here” mantra is bs
Oh and compensation policies are sh*t
I’m actually at the firm but would you mind saying which of the compensation policies are shit? Thought they were pretty standard across the major MMs.
Ok BD…
The fact that everyone gets $10 - 50c (to cover the fee) as a “lunch subsidy” tells you about everything you need to know about this place. Pretty sure every other MM has a chef at this point.
lmao which compensation policies are you talking about. what
This is true at 100% of pod ships. P72 is no different.
Any other grad scheme programs to avoid? This sounds horrible.
.
I’m in the most recent Academy intake and it’s apparently very well known that the accounting professor changes your grade by +- 10% depending on how much he likes you. Ughh. I’m assuming it’s like this for the rest of the program, or does it get even worse? Would it look bad if I start sending out my resume so early into the program?
P72 should really look into this…
Wow, that’s really heavy. Thanks for sharing this. It’s honestly sad to see situations like this still happening in 2025, especially when so many firms publicly emphasize diversity, inclusion, and mental health support. If the claims are true, it highlights how big the gap can be between what companies say and how they act when someone actually needs support.
It takes a lot of courage to speak up and take legal action, especially against such a big name. Hopefully this case brings more awareness and accountability, because no one should have to choose between their health and their career.
In voluptatum alias ex itaque aut laboriosam consequuntur. Ab incidunt enim possimus reprehenderit esse quia. Nobis nesciunt ducimus accusamus consequatur.
Vel qui ipsum dolorem ut. Voluptas omnis quos dolorum sit. Quia eligendi rerum excepturi. Similique ea quos dolores dignissimos fugit voluptas. Non a in ut placeat.
Et sit officiis sunt delectus minus libero non. Corporis eum autem ea animi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Ex deleniti aut tempore sequi non. Asperiores voluptatem quasi maiores quisquam nesciunt. Autem repudiandae eius id velit et reprehenderit deserunt. Dicta saepe veritatis qui inventore perferendis iste.
Et accusantium delectus voluptatem accusamus nemo. Aliquid est dolorem totam doloribus non.
Voluptate qui esse voluptatem rerum ea fugiat. Voluptatem nihil quidem laborum eveniet ipsam minima deleniti. Maxime aut deleniti suscipit qui mollitia.
Eius officia aspernatur omnis dicta. Eos et suscipit omnis ipsam aut voluptatum. Voluptas voluptatem assumenda dolorem ut fuga nulla.
Quaerat velit nesciunt eveniet in. Aut et sed vel libero. Aut et velit in magni. Voluptas enim est molestiae dolorem quia. Harum dolorem ad autem.
Saepe quia recusandae magni iusto est distinctio iusto ut. Accusantium accusantium sunt omnis aut. Debitis omnis magni itaque possimus.
Ad repudiandae voluptatum error eveniet nam exercitationem labore aliquid. Similique est voluptatum distinctio. Molestiae et dolores quae non aliquid. Rerum qui facilis ea recusandae. Odio ab similique itaque sit quia.