Tuesday, February 21, 2012

There's more than one way to get your bonus

A senior investment banker at Credit Agricole SA (ACA) sued the French lender for millions of pounds, claiming he missed out on bonuses and was dismissed for reporting colleagues under whistle-blowing rules, Bloomberg reports.
Edward Willems, former deputy head of fixed income markets at Credit Agricole’s corporate and investment banking unit, was “subjected to detriment as a result of making protected disclosure,” his lawyer Tom Croxford told a London employment tribunal today.

Willems’ bonuses in 2010 and 2011 were “inappropriately low” because of the whistle blowing, Croxford said, without describing the conduct he reported. Willems “is seeking millions of pounds,” Credit Agricole’s lawyer Nicholas Randall said at the hearing this morning….

Find out more at http://www.bloomberg.com/news/2012-02-21/credit-agricole-banker-uses-whistle-blower-rule-to-sue-for-bonus.html

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