Woman fired for spurning CEO wins $18 million — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Woman fired for spurning CEO wins $18 million

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in Discrimination and Harassment,Human Resources

A federal jury in Manhattan has awarded a Swedish woman $18 million in her harassment lawsuit against her former Wall Street boss. The 25-year-old woman alleged that the CEO of the New York Global Group began pursuing a sexual affair shortly after she was hired.

She alleges his persistence paid off in four sexual encounters, but the affair ended when he caught her in bed with her boyfriend—in an apartment paid for by the CEO. He fired her, and she sued.

The married CEO denied the affair—and claimed the woman knew nothing about finance. He said she also resisted his attempts to mentor her.

She knew enough to file a suit seeking $850 million, but the jury decided instead to award $2 million in compensatory damages and $16 million in punitive damages.

Note: The jury clearly showed whom they believed in this he-said, she-said. While the numbers make good headlines, they will no doubt be reduced to the statutory limits.

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