FAST FIVE: OK Boomer: Ex-Citi Banker Wins Ageism Case After Boss Calls Him "Old… Set In His Ways"
A former investment banker for Citigroup has won an age discrimination case against the bank after one of his bosses called him “old” and “set in his ways” when he was laid off at age 55.
A London Tribunal ruled in the ex-banker's favor this week, finding that Niels Kirk was dismissed unfairly.
Kirk had previously been a managing director for energy banking, according to Bloomberg.
Once an employee proves they are a victim of discrimination, a tribunal can order damages that are higher than the cap of about $109,000.
Kirk's performance ranking had fallen from a 1 (best) to 3 (good) between 2014 and 2016.