https://www.ft.com/content/a5271651-825e-4007-a029-9e2c16b5d770
Saves CVP a public trial which would have looked very bad for them, especially from people outside of finance.
| +224 | Return Rates For Interns Are Falling? | 92 | 7m |
| +129 | UBS Americas IB: The Kids’ Table of Wall Street | 17 | 2h |
| +107 | I am a drunk MD AMA | 39 | 5h |
| +64 | VP Lifestyle at Top BB Coverage Groups | 40 | 1d |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 3d |
| +50 | UBS Offer Day | 18 | 21h |
| +49 | SharePoint makes IB hours HELL | 15 | 3d |
| +36 | WF Return offers | 23 | 11m |
| +30 | Weird Majors->IB ? | 24 | 7h |
| +29 | No return offer - feeling like a failure is an understatement | 13 | 2h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
The headlines were already pretty heavily against CVP... having read the judge's opinion denying the dismissal request, I actually think the girl had somewhat of a case, since they gave her accommodations and then fired her within a few weeks without modifying or rejecting them. Had they just denied accommodations in the first place because they weren't feasible long-term, they'd have a stronger case.
The judge was willing to narrow damages to her earnings over the 3-year analyst program, so guessing that is about what they settled for. After 5 years of legal fees pursing this in court, I don't think she walks away with very much.
I would bet future analyst postings will include a bullet point about willing to work long and unpredictable hours to avoid this happening again. "You should have known what the hours were" is obviously true, but doesn't hold up in court.
Amet dicta fugit numquam eum. Aut ut repellat qui aut commodi iure voluptatibus. Placeat ut exercitationem repellendus perspiciatis.
Similique incidunt inventore culpa itaque veritatis. Ut ad deleniti voluptatum temporibus officiis. Ad doloremque odio quidem magni eos soluta officiis doloribus. Eum aliquid et voluptatem. Ipsa est voluptas culpa.
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...