Monday, February 27, 2012

Big Bankers Behaving Badly: Earth to Bloated Ego


From HuffPo: A banker left a 1% tip in defiance of 'the 99%' at a Newport Beach restaurant the other week, according to his dining companion and underling who snapped a photo of the receipt and posted it to his blog, Future Ex Banker. (Update: the blog is now offline.)

In posting the photo, the employee gave some background on his boss and the receipt:
Mention the “99%” in my boss’ presence and feel his wrath. So proudly does he wear his 1% badge of honor that he tips exactly 1% every time he feels the server doesn’t sufficiently bow down to his Holiness. Oh, and he always makes sure to include a “tip” of his own. The "tip" of his own in this case was to tell the server to "get a real job." Cute.

The whistleblower's Future Ex-Banker blog included additional background on his boss, and some insight into why he would out his gross behavior, likely resulting in an employment status of current ex-banker:

I work in the corporate office of a major bank for a boss who represents everything wrong with the financial industry: blatant disregard and outright contempt for everyone and everything he deems beneath him. On top of that, he’s a complete and utter tool. At the same time, I’m still cashing paychecks, an admittedly willing—albeit reluctant—cog in the wheel of this increasingly ugly industry, so I’ve created this blog as a confessional of sorts. It won’t entirely clear my conscience, but hopefully it’ll help. I’m sure I’ll get fired eventually. Until then, enjoy.

UPDATE: In a conversation with the Huffington Post, Mike Wilcox, the vice president of operations for True Food Kitchen, gave some insight into how the company was treating the incident since the receipt began receiving attention online. Wilcox said that the restaurant was "absolutely" treating the receipt as real, but to confirm its authenticity for certain, they were in the process of tracking down both the physical receipt at the restaurant and the computer-generated copy in their credit card system….

Why stop now. The rest of the story is at http://www.huffingtonpost.com/2012/02/24/banker-1-percent-tip-receipt_n_1299280.html

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