The new Mets owner has presented himself as sociable and approachable A complaint about gender discrimination filed by a former employee paints a very different picture

In the months since Steven A Cohen became the owner of the Mets; as one of Wall Street’s most secret money managers, he was everything he was: sociable and approachable

Mr Cohen has given the New York sports media press conferences and numerous interviews – something he seldom did with business reporters who recorded every twist in an insider trading scandal that resulted in one of his multi-billion dollar hedge funds found guilty of securities fraud charges in 2013 / p>

And he’s become something of a fan favorite on Twitter – he frequently posts his thoughts on the Mets and on trades from other professional baseball teams.Mr. 64-year-old Cohen even seems to enjoy back and forth with fans who spot him Twitter replied

But with his hedge funds, Mr. Cohen has long been known for his mercury nature, which led him to take action against traders who he believes are not making him enough money.Now an unsealed sex discrimination complaint was recently filed by a former top manager for Mr. Cohen offers a glimpse into his volatile temperament and what some women have said is an openly sexist and hostile culture at his Point72 asset management hedge fund company based in Stamford, Conn

In the complaint, Sara Vavra, who ran a trading group at Point72, said Mr. Cohen stopped by her office in July 2019 and began “an abusive, explosive tirade” saying her work was “shitty” and she was “stupid” She said in the complaint that Mr. dropped a few generic explosives. Cohen also used a derogatory word for a woman’s genitals

Ms. Vavra’s complaint was filed with the Connecticut Commission on Human Rights and Opportunities last summer in which she said that later on the same day as his verbal assault Mr. Cohen called her into someone else’s office at the company where he was Her abilities further reduced This time he did so in front of others and spoke profane language again. She said Mr. Cohen threatened to fire her

“Cohen mocked me, calling me an ‘idiot’ and incompetent,” she said in the complaint. “He told me I was wrong about everything.” She said he added, “I should fire you because you’re so stupid ”

Ultimately, Point72 fired her in October 2019, prompting her to file her discrimination complaint with the Connecticut Commission. Just a month before she was fired, Point72 congratulated her on being named one of the “50 Leading Women in Hedge Funds” by an industry publication became

“We discovered that Ms. Vavra made numerous misstatements about things big and small during her employment, and so did her complaint, including the particularly insulting allegation that Steve used vulgar language when addressing”, said Tiffany Galvin-Cohen, a spokeswoman for Point72, “Steve strongly denies making this comment to Ms. Vavra at any time”

The complaint recently became public because Ms. Vavra asked the commission in December to relinquish its jurisdiction on the matter and gave her the right to sue in court. The New York Times had an excellent freedom of information request for the complaint Point72 had its filed her own papers to contest her claims

Ms. Vavra and her lawyer did not return requests for comments. The matter is currently being negotiated in private arbitration between the parties

The allegations against Mr. Cohen and his company are at a time of growing concern about the treatment of women on Wall Street and in the professional sports world. In July, the Washington Post published an article on the history of sexism and mistreatment of women Washington Football Team employee The Houston Astros fired their assistant general manager Brandon Taubman after making inappropriate comments to a group of female reporters following a post-2019 season win

A number of professional baseball teams have taken steps to provide top-notch jobs for women. The Miami Marlins hired Kim Ng as the first female general manager in Major League Baseball in November, and the Boston Red Sox hired Bianca Smith as the first black coach in the minor baseball leagues applies

Ahead of the baseball team owners that Mr. Cohen’s $ 24 billion bid to buy the Mets, there were concerns whether a series of allegations of sexist behavior at Point72 could ruin the deal.It was known at the time that Ms. Vavra had filed a complaint against Point72, but its specificity was unclear since the matter was sealed

Mr Cohen had attempted to deal with a 2018 lawsuit accusing Point72 of promoting a hostile workplace for women by talking to the person who filed the complaint, Lauren Bonner, for an undisclosed sum last year Sommer had resigned In this case, Ms. Bonner had a picture of Mr. Cohen’s company as a testosterone-powered boys’ club where female employees were underpaid compared to their male counterparts, and where high-ranking male employees regularly commented on the bodies of women and degraded women and their abilities in meetings

The dispute with Ms. Bonner, a former executive in HR at Point72, was resolved last year after the matter went to arbitration

But Ms. Bonner’s lawsuit and one complaint she filed in arbitration did not contain any allegations by Mr. Cohen using the vulgar and profane language that Ms. Vavra had said he used in 2019

In the 22-page complaint – technically referred to as an affidavit of illegal discriminatory practice – Dr Vavra said Mr Cohen publicly attacked her for several months in 2019, frequently using four-letter words.She said he verbally abused her even though her trading group was a top performer with the hedge fund and she received a positive performance review from Mr Cohen in December 2018 Ms Vavra said Mr Cohen had told her she was one of the toughest employees in the company and she was receiving a performance bonus

The complaint contains allegations that other employees of the company with 1400 employees also made sexist comments Ms. Vavra alleged that Mr. Cohen had a similar habit of publicly berating his female assistants. She said his abusive behavior was so bad that the company was “moving some of its female assistants to another wing of the building had to so they couldn’t eavesdrop on him. “The company denies Ms. Vavra’s claims about the treatment of assistants

Ms Vavra filed her complaint after she was fired from Point72 and replaced by a man who led the hedge fund’s so-called global macro traders team – a group that places bets based on monetary and geopolitical events, Ms Vavra said that she was fired for Point72’s practice of applying double standards to the company’s few female employees. The hedge fund, she said, fired her for “gross misconduct” and for violating firm guidelines

NYT

World News – CA – Steven Cohen’s past re-emerges to cast doubt on his updated picture

Source: https://www.nytimes.com/2021/01/05/sports/baseball/steven-cohen-mets-gender-discrimination.html