We were all a little stunned when it became public last week that Andrew Tong, a former trader at SAC Capital, had claimed in a lawsuit that his boss, Ping Jiang, has suggested that he take female hormone tablets in a bid to get him more in touch with his feminine side and thus trade more successfully. The problem was, so Tong claims, the tablets put him off his wife (who really wanted to have a baby), got him into wearing women's clothes, and changed his masculinity so much that he embarked on a homosexual affair.
According to the newspaper, the US Equal Employment Opportunity Commission is now interested in finding out what might have occurred over at SAC. The firm itself is said to have been furious that the allegations were made public (the judge had sealed the lawsuit and sent it to arbitration), and bosses are alleged to have gone 'desk to desk to try and find out who leaked it'.
Traders think that there's probably not much to these allegations, however. The Post quotes one unnamed source, who said that 'if taking female hormones actually helped you do your job, they would simply hire women (at SAC). But they don't. They don't think women are aggressive enough'.
http://news.hereisthecity.com/news/business_news/7161.cntns
According to the newspaper, the US Equal Employment Opportunity Commission is now interested in finding out what might have occurred over at SAC. The firm itself is said to have been furious that the allegations were made public (the judge had sealed the lawsuit and sent it to arbitration), and bosses are alleged to have gone 'desk to desk to try and find out who leaked it'.
Traders think that there's probably not much to these allegations, however. The Post quotes one unnamed source, who said that 'if taking female hormones actually helped you do your job, they would simply hire women (at SAC). But they don't. They don't think women are aggressive enough'.
http://news.hereisthecity.com/news/business_news/7161.cntns
