Oct 31, 2012 0
Yeah, it’s sort of about eggs, but mostly it’s about governmental and corporate bureaucracy combining to fry an individual. (Couldn’t resist one more.)
Paul Boudwin was fired from his job as an investment banker with Bank of America in Houston because of a 14-year-old mix-up at a Denny’s. He’s suing the bank.
In a nutshell (eggshell?), here’s his story, via the lawsuit (via the Houston Chronicle): While a student at Arizona State, Boudwin and a friend walked out of a Denny’s with each believing the other had paid the check. The manager called police, and they were arrested. However, Boudwin paid for his omelet and a $50 fine and a charge against him was dismissed. Boudwin revealed this information to Bank of America when he was hired in 2006.
Fast forward to 2011, and the bank was going over employment records to comply with new federal regulations in the wake of various mortgage misdeeds among the nation’s lenders. No one with a criminal background related to dishonesty is supposed to be working for a financial institution. Bank of America decided Boudwin had a “disqualifying conviction.”
Boudwin supplied documents showing the charge had been dropped. OK, the bank said, we’ll apply to the Federal Deposit Insurance Corp. for a waiver on your behalf. But in the meantime, you have to go on an unpaid leave of absence.
However, by February, Bank of America told Boudwin it was tired of waiting for the FDIC waiver and it fired him. Two weeks later, the waiver came through, but the bank wouldn’t hire him back. He would have to apply for his old job as if he were new — meaning no seniority, no back pay, no bonus.
So now he’s suing Bank of America.
Boudwin’s is at least the second such instance to be reported recently. This summer, Richard Eggers was fired by Wells Fargo because nearly 50 years ago he had used a cardboard slug in a laundry machine. Eggers eventually was offered his job back, but declined the offer when the bank wouldn’t agree to a set of requests for rules that would apply to others who similarly lose their jobs with Wells Fargo.
(H/T to fark.com.)