Senior Lazard Banker Terminated Due To “Inappropriate Behavior” At Weekend Party

Once again, an employee has cost themselves their job due to behavior that took place outside of the workplace.

This time, a senior banker at Lazard Ltd. was fired after allegations of “inappropriate behavior during a weekend party” surfaced last week, Bloomberg reported on Monday. 

The employee was a managing director at the company’s financial advisory business. He was terminated after a company investigation into his actions found they were “incompatible with the firm’s values”, the report says.

Company chief executive officer Peter Orszag informed the company’s staff on Sunday via internal memo. The memo didn’t detail who the staff member was, or the alleged actions. 

Sources told Bloomberg that the actions occurred this past weekend, “at a personal party where other Lazard employees were also present”. The company promptly investigated the actions and terminated the employee over the weekend.

As the report notes, Lazard’s website says it aims for an environment of “mutual respect”.

With details scarce, it’s tough to determine whether or not the company’s actions, which take place during a point in time where a newer, woke Wall Street is trying to clean up its “boy club” image. But its once again proof positive that gone are the days of cutting loose outside the office, because, whether you like it or not, you’re always “on the clock” one way or another.