A London broker who said he was bullied at BGC Partners lost his lawsuit against the company as a judge ruled he gave at least as good as he got on a trading floor that was rife with insults and abuse.
Bloomberg News reports Robert Bou-Simon was 'not the only object of ridicule and insult or the sole victim of the abuse,' said employment tribunal Judge Bernice Elgot, rejecting the unfair dismissal claim.
He 'indulged in it himself, and often gave worse than he got,' Elgot said in a ruling dated August 13th and made available last week.
Bou-Simon, former head of BGC’s basis swaps desk, said the bullying started a few days after he joined the company in February 2012 when he refused to take part in an initiation ritual called 'The Run,' where brokers are doused with water after making their first trade. He argued BGC managers and colleagues orchestrated a campaign against him, forcing him to quit in June 2013, according to the ruling.
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