A senior banker, fired for being too successful, is taking his 12.5 million euro-plus lawsuit to the UK’s highest court

According to Reuters a senior banker, who says he was fired for being too successful, is taking his 12.5 million euro-plus ($16 million) lawsuit against France's Societe Generale to the UK's highest court in a case that could re-draft employment law. Raphael Geys, a Belgian national and a former managing director of SocGen's European fixed income sales in London, is suing for breach of contract after France's second-largest bank summarily fired him in 2007 without paying his full severance package....... The case might not muster much public sympathy at a time of political and regulatory anger at rich banker rewards and a culture of greed in a scandal-hit industry that only stayed afloat because of huge taxpayer bailouts. But the case, to be heard by the Supreme Court on Wednesday and Thursday, is being watched closely by employment lawyers because it will partly focus on whether one-off payments to fired staff in lieu of a written notice period…..................................................................................................................... Read all about it at http://www.reuters.com/article/2012/10/16/us-socgen-geys-court-idUSBRE89F1ST20121016