Former Barclays Trader Wins $190,000 Job at Bank That Fired Him

Former Barclays Trader Wins $190,000 Job at Bank That Fired Him

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses a case involving an employee at Barclays who was fired due to misuse of an electronic trading program called Last Look. The court ruled the termination was unfair, leading to his reinstatement and a compensation of $190,000. Despite the awkwardness of returning to a workplace that actively tried to remove him, the employee accepted a position at a significantly reduced salary. The discussion speculates on whether his return was to prove a point or for other reasons.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for the employee's dismissal from Barclays?

Misuse of a trading program

Poor performance reviews

Conflict with management

Violation of company policy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the court decide regarding the employee's termination?

It was due to budget cuts

It was a mutual decision

It was unfair

It was justified

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the employee's salary change after being rehired?

It doubled

It remained the same

It was reduced to a sixth

It increased slightly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might have been the employee's motivation for pursuing the case?

To prove a point

To gain a promotion

To receive a higher salary

To change departments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential outcome for the employee after returning to work?

He might be promoted

He could leave again on principle

He will receive a bonus

He will be transferred abroad