Kworld Trend / Who is Reid Snellenbarger Reddit, The topic of controversy regarding his dismissal from Lazard has sparked.
Who is Reed Snellenbarger Reddit?
Snellenbarger, co-head of North America restructuring at investment firm Lazard. Was fired from his position last weekend.
Moreover, Snellenbarger, who only joined the company in April, was let go after allegations of inappropriate behavior. At a party surfaced.
During a Chicago Fourth of July employee pool party, there were reports of inappropriate behavior. Including alleged incidents of colleagues being touched inappropriately.
Background on Lazard and Reid Snellenbarger
New York City is home to the global headquarters of Lazard. The global asset management and financial advisory firm.
Asset management, financial restructuring, and mergers and acquisitions are just a few of the company’s services.
It was founded in the mid-nineteenth century and has since grown into one of the leading financial institutions in the world.
Reid Snellenbarger, prior to joining Lazard, had worked at restructuring Holihan Lokey.
However, He also provided investment banking to Gawker Media Group in the $135 million sale of its sites to Univision Holdings in 2016 and advised bankrupt mortgage services firm Ditech Holding Corp. in the $1.8 billion sale of its business in 2019.
His firing of Lazard made him a popular topic on social media, with many discussing the allegations against him on Reddit.
Reid Snellenbarger Reddit: Lazard’s response to the scandal
After allegations were made against one of its employees, Lazard acted quickly to ensure speedy justice and prevent any further harm to the workplace culture.
The investigation was thorough and their response was immediate, with Peter Orsage personally notifying staff of the decision over the weekend.
In doing so, Lazard reinforced its commitment to fostering a culture of mutual respect. Where employees feel comfortable and safe.
However, This action demonstrates their dedication to supporting positive employee behavior. And maintaining a workplace environment that values integrity and accountability.
Lazard has demonstrated its commitment to its employees, customers, and the wider community by taking swift action.
Recent controversies and changes on Wall Street
Recently, Wall Street financial services firms have come under increasing scrutiny of their operating environments. This has sometimes led to high-profile resignations or dismissals.
The issue of sexual harassment in the workplace and its effects on women has received increased attention. As a result of the #MeToo movement.
Moreover, the COVID-19 pandemic has led to a shift towards remote working. Which has also required companies to adapt their practices and policies accordingly.
Continued
Reed Snellenbarger, co-head of restructuring at Lazard North America, was fired just months after joining the investment firm for alleged inappropriate behavior at a party last weekend, people familiar with the matter said.
However, Snellenbarger, who was hired only in April and is based in Chicago, was fired for behavior that allegedly included inappropriately touching teammates. The Daily Mail reported that the alleged behavior occurred at a Fourth of July group party held for Chicago employees.
Snellenbarger did not publicly respond to the allegations and to messages seeking comment.
“Out of respect for our colleagues who may have been affected by this individual’s conduct. We are not providing or confirming any further details regarding the incident”. A Lazard spokesperson said in a statement.
Mr. Snellenbarger joined Lazard from Houlihan Lockey, who specializes in advisory and restructuring. He acted as an investment banker for former blog publisher Gawker Media Group. In the $135 million sale of its sites to Univision Holdings in 2016. He also advised bankrupt mortgage services company Ditech Holding Corp. Which was approved in 2019 to sell $1.8 billion of its business. Who is Reid Snellenbarger Reddit
Conclusion
Reid Snellenbarger’s firing from Lazard highlights the continuing need for companies to foster a safe and respectful workplace environment.
Lazard has demonstrated its commitment to upholding its stated values and continuing to provide superior financial services to its clients by responding promptly to allegations of improper conduct.
The recent controversies on Wall Street are a reminder that all companies need to be vigilant in their efforts to create a workplace culture that is inclusive, fair, and acts quickly when company values are violated. Who is Reid Snellenbarger Reddit
