From CBNC: You almost have to admire Jason Selch. Back in 2005, Selch ended a meeting with his
bosses at Bank of America by pulling down his pants and mooning them. The self-confidence of Selch, however, is
made of sterner stuff than that. Selch not only thought he shouldn't be fired.
He took Bank of America to court when they fired him for the mooning.
Long story short: Selch had been a Chicago-based employee at Wanger Asset
Management for more than decade when it merged with Columbia Asset Management,
a subsidiary of Bank of America, in 2005.
According to court documents, Selch's friend Chris O'Dea was fired after
he refused to accept lower compensation. This ticked Selch off. (Hat tip: Court
House News.) Selch burst into a
conference room where executives from Columbia were meeting to give them a
piece of his mind. He wound up giving them a piece of something else as well.
First Selch asked if he had a non-compete agreement, which
on Wall Street is usually a way of threatening to quit and go to work for a
competitor. After the executives said he
didn't have a non-compete, Selch mooned them, told one of the New York-based
executives never to return to Chicago, and left the meeting.
When Columbia CEO Brian Banks found out about this incident,
he insisted that Selch be fired. The behavior was too “egregious” to allow
Selch to continue at Columbia. No free mooning at Bank of America, Banks
decided….
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