MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 14, 2009 Fido Sacks Four Employees Over Fantasy Football Fantasy football cost four Fidelity employees their jobs, The Star-Telegram reported. Among those fired was Cameron Pettigrew, who was a relationship manager at the Westlake, Texas office. "Firing a guy for being in a $20 fantasy league? Let’s be honest; that’s a complete overreaction," Pettigrew told the pub. "In this economic time, especially. To fire people over something like this, it’s just cold." Fidelity spokesperson Vin Loporchio was quoted as saying in the article that the company has "clear policies that relate to gambling." "Participation in any form of gambling through the use of Fidelity time or equipment or any other company resource is prohibited. In addition to being illegal in a lot of places, it can also be disruptive. We want our employees to be focused on our customers and clients," Loporchio added. Pettigrew said he was aware of the policy, but added that it was ignored by the higher-ups and he knew of at least 10 fantasy leagues in which leaders and managers took part. He also said he never sent out e-mails on fantasy football at work. Investigators, however, discovered two instant messages bearing fantasy-football content. Printed from: MFWire.com/story.asp?s=23510 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |