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Male banking headhunter described female competitor as "dodgy old bird"

However sexist the environment can be as a woman in banking - and it can be very sexist - life can be worse as a woman in banking recruitment and headhunting. Not only do female recruiters have to deal with potentially sexist male clients, but with a culture of casual sexism endemic at some recruitment firms themselves.

A recent case at a London employment tribunal has once again drawn attention to concerns about sexism in the financial services recruitment sector. During proceedings, comments attributed to Oliver Harrington, founder of Harrington Moore, were read aloud in court. He was accused of sending text messages to a colleague stating that “all the female headhunters that make money are bonkers,” and referring to one female competitor as a “dodgy old bird” who looked “like a mum and not like a headhunter.”

Sexism within the recruitment industry is not a new issue. Eight years ago, women working in recruitment told us that discrimination and harassment were “10,000 times worse” than in banking, describing environments where young male recruiters with “huge egos” often managed teams of even younger women.

Speaking anonymously, one senior female headhunter described the alleged messages as the “archetype of brash arrogance.” She suggested that such remarks often stem from insecurity, adding, “Low-tier competitors will always try to undermine you. When my competitors are strong, I acknowledge that they’re good.”

A senior woman at another search firm said sexism in parts of the recruitment industry can still be “horrific,” frequently driven by male recruiters. She noted that many firms are small businesses founded by young salesmen and can develop what she described as a “rugby team culture.”

Harrington did not respond to requests for comment. The messages surfaced during an employment tribunal in which a consultant—who claims to have been employed in the firm’s London office—is alleging unfair dismissal and unpaid wages. The texts in question were reportedly sent by Harrington to the consultant bringing the claim. Harrington Moore denies that the individual was an employee.

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Sexism in Recruitment Industry Exposed During Employment Tribunal

A senior woman at another search firm said sexism in the recruitment industry can still be "horrific" and that it's often the male recruiters who are to blame. "Unfortunately, most recruitment firms are small entities set up by young salesmen and they tend to develop a rugby team culture," she observed.

Harrington didn't respond to a request to comment on this article. His comments emerged during an employment tribunal in which a consultant claiming to have been an employee in the London office, is complaining of unfair dismissal and unpaid wages. The texts were sent by Harrington to the consultant bringing the claim. Harrington Moore denies that the individual was an employee.

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Dari koopt oprichter Versluis uit bij Volharding Group

Scheepvaartbedrijf Dari heeft Peter Versluis uitgekocht bij de Volharding Group. Dat maakt eigenaar Danny Werkman van Dari bekend in een persverklaring. In februari dit jaar greep de rechter nog hard in bij het scheepvaartbedrijf, omdat de aandeelhouders een hooglopend conflict hadden over een extra kapitaalinjectie in de Volharding Group.

De uitkoop markeert een belangrijke stap in de herstructurering van de Volharding Group, een bedrijf dat recentelijk in de media kwam vanwege interne spanningen en juridische ingrepen.

In februari van dit jaar greep de rechter in bij de Volharding Group, nadat de aandeelhouders verstrikt waren geraakt in een hooglopend conflict over een extra kapitaalinjectie die noodzakelijk werd geacht voor de continuïteit van het bedrijf. De zaak kreeg veel aandacht, mede doordat de juridische strijd zich afspeelde in een cruciaal moment voor de toekomst van de groep.

Met de uitkoop van Peter Versluis door Dari lijkt er nu een nieuwe fase in de bedrijfsvoering van de Volharding Group aan te breken. Danny Werkman, de eigenaar van Dari, benadrukt in de verklaring dat deze stap noodzakelijk was voor de verdere stabilisatie en groei van het scheepvaartbedrijf. Het is nog niet duidelijk welke gevolgen de uitkoop precies zal hebben voor de andere aandeelhouders van Volharding Group, maar de verwachting is dat het bedrijf zich nu kan richten op een effectievere bedrijfsvoering zonder de interne conflicten die eerder de toekomst bedreigden.

De scheepvaartsector blijft de ontwikkelingen rondom de Volharding Group en Dari nauwgezet volgen, aangezien deze veranderingen mogelijk bredere implicaties hebben voor de concurrentie en marktstructuur in de Nederlandse scheepvaartindustrie.

Brenden Abbott

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Alpho vs. JustMarkets

The radar chart above illustrates the comparison between JustMarkets and Alpho across several key metrics, with the highest possible score being 100 in each category.

Helping You Choose the Right Broker

Our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated JustMarkets and Alpho, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.

Trust and Regulation

Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses.  We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.

In our comparison:

JustMarkets holds one Tier 1 and no Tier 2 licences.

Alpho holds no Tier 1 and no Tier 2 licences.

Based on these findings, JustMarkets earned a higher trust rating than Alpho.

Is JustMarkets financially regulated?

Yes JustMarkets was founded in 2012 and is regulated by CySEC, FSA-Seychelles and VFSC.

Is Alpho financially regulated?

No Alpho is not adequately regulated.

Trading Costs Comparison

When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.

We found that JustMarkets has overall lower trading costs than Alpho.

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Alpho vs. Global Prime

In the fast-paced world of forex trading, choosing the right broker is crucial. Global Prime and Alpho are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.

The radar chart above illustrates the comparison between Global Prime and Alpho across several key metrics, with the highest possible score being 100 in each category.

Helping You Choose the Right Broker

At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated Global Prime and Alpho, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.

Trust and Regulation

Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses.  We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.

In our comparison:

Global Prime holds one Tier 1 and no Tier 2 licences.

Alpho holds no Tier 1 and no Tier 2 licences.

Based on these findings, Global Prime earned a higher trust rating than Alpho.

Is Global Prime financially regulated?

Yes Global Prime was founded in 2011 and is regulated by ASIC and VFSC.

Is Alpho financially regulated?

No Alpho is not adequately regulated.

Trading Costs Comparison

When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.

We found that Global Prime has overall lower trading costs than Alpho.

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Cherrygrundaren Lars Kling kopplas till läckan

Totalt har över 100 miljarder dollar funnits på de drygt 18 000 hemliga kontona i banken Credit Suisse.

Runt 50 svenskar har identifierats i den nya läckan som granskats av bland annat SVT:s Uppdrag granskning i det internationella projektet Suisse Secrets.

En av dem är Lars Kling, grundare av Cherryföretagen och storägare i Betsson, rapporterar SVT.

Miljoner i Schweiz

Cherry AB tog över stora delar av den svenska spelautomatmarknaden innan nätspelandet tog fart och man expanderade ännu mer.

Samtidigt startade Lars Kling en stor kasinoverksamhet i Nordmakedonien, som lett till flera utredningar, och där det nu hittats kopplingar till hemliga bankkonton i Credit Suisse, rapporterar SVT.

Det finns inga brottsmisstankar mot Lars Kling, men det pågår nu en rättegång om misstänkt penningtvätt mot kasinot som de vuxna barnen nu tagit över, enligt Uppdrag granskning.

Kasinots advokat skriver i ett mejl till SVT att uppgifterna är ”fundamentalt felaktiga”.

SVT rapporterar att Lars Kling placerat minst 100 miljoner kronor på hemliga konton i Schweiz.

Kund drev cyberbordell

Granskningen visar att Credit Suisse har flera kunder som borde ha fastnat i kontroller. Bland annat en krigsbrottsanklagad tidigare algerisk minister, och svensken Stefan Sederholm som sitter dömd till livstids fängelse efter att ha drivit en cyberbordell på Filippinerna.

Korruptionskulturen är djupt rotad. Bankens regelefterlevnadsavdelning är mästare på fördelaktig förnekelse – ställ aldrig en fråga du inte vill veta svaret på. Banken och dess ledning vet exakt vad som pågår, säger en tidigare anställd på banken till den internationella grävredaktionen OCCRP till SVT.

Credit Suisse skriver i ett uttalande att de starkt tillbakavisar alla påståenden. De skriver att flera uppgifter baseras på händelser långt tillbaka i tiden eller är ”felaktig eller selektiv information tagen ur sin kontext”.

Brenden Abbott

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Former Lipsey Logistics employees ‘blindsided’ by layoffs at Chattanooga office

Former Lipsey Logistics employees say they were blindsided on Wednesday, March 18, after they were called into a meeting and laid off without warning by company officials.

Prior to the meeting, some told FreightWaves there were rumors that the meeting was about the possibility of the office closing and employees working remotely amid the coronavirus outbreak. However, they soon found out that wasn’t the case as approximately 30 workers were laid off.

“We were told the layoffs might be temporary, but most likely would be permanent,” a former Lipsey employee told FreightWaves. “Everyone was blindsided.”

Another former employee told FreightWaves that Lipsey officials said the reasons for the layoffs were the coronavirus as well as lagging financial results.

“I was told the company’s financial state was not where it needed to be to be able to retain all of the staff right now,” a former employee said. “However, business has been surging for us because some of our accounts haul emergency coronavirus supplies.”

Lipsey Logistics did not respond to FreightWaves’ request for comment regarding the layoffs.

“It didn’t seem like there was any rhyme or reason as to who got fired,” the former employee told FreightWaves. “I think it was like they closed their eyes and put their finger on a name and decided that’s who is going to be fired today.”

Scandal rocks Lipsey Logistics

Joseph Lipsey III stepped down from his role as chief executive of Lipsey Logistics and Lipsey Trucking in March 2019, after he and his wife, Shira Lipsey, and their son, Joseph IV, were arrested for alleged distribution of cocaine to a minor and three counts of serving alcohol to a minor, along with other charges filed in Aspen, Colorado. Those charges against the Lipseys were later dismissed due to a lack of evidence in September 2019.

However, former employees say the company lost major accounts over the allegations against the Lipseys and the company “was never fully able to regain the trust of some customers.”

“We were able to bring some back around, but not all of our customers,” a former employee told FreightWaves.

While Johnny Jones is serving as interim chief executive of Lipsey Logistics and Trucking, one of the former employees claims Joe Lipsey III is still “very much in charge” of the companies.

“All of the checks are still signed by him [Joe Lipsey],” the former employee, who asked not to be named for fear of retaliation, told FreightWaves. “They claimed to be a family company, but if this is how they treat family, there’s no way I want to go back and work for them again.”

As employees retrieved their belongings after being laid off, one former employee, who did not want to be named, told FreightWaves he won’t miss what he alleged to be a “hostile work environment” at Lipsey.

“Over the years, I’ve had a few jobs in my life, but I developed friendships with a lot of people at Lipsey and I will miss them,” one former employee said. “I know this can be a stressful industry, but no one deserves to be screamed at, humiliated and embarrassed in front of a roomful of their co-workers for a late load or something that’s out of their control.”

Brenden Abbott

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Joseph Lipsey III still facing cocaine distribution charge

The Lipsey family and its legal team had something to celebrate last month when Deputy District Attorney Don Nottingham announced in court his intention to file paperwork dismissing the most serious charge against both parents.

And on July 22, Nottingham did file a motion to dismiss the felony charge of distribution of cocaine to a minor against Shira Lipsey, 44. But Joseph Lipsey III, 56, still faces that charge, which carries a minimum prison sentence of eight years.

In the July 15 court appearance, Nottingham did not feel that there was enough evidence to support the distribution charge. But as more evidence has come to light in the ongoing investigation, he is no longer so sure.

“It’s a mess,” he said of the case that includes 45 endorsed witnesses, according to court documents.

Those witnesses include staff from the Pitkin County Sheriff’s Office, Aspen Police Department, the 9th Judicial District Attorney’s Office, juveniles and parents.

“I expect to have a decision before their next court date,” Nottingham said of the Lipseys’ upcoming Aug. 16 hearing — which the Lipseys will be attending via telephone.

According to his personal Facebook page, Joseph Lipsey III moved to Puerto Rico in June.

“Life is a beach! Come visit,” he wrote on June 19.

“Did you really? Really really? No Colorado?” Scott Rosenzweig queried on Lipsey’s post.

“Just most of the year,” Lipsey replied.

Yale Galanter, one of the Lipseys’ attorneys, doubted the seriousness of that claim.

“No,” Galanter said about the rumored move, though he added that keeping tabs on his clients’ personal lives is not among his professional pursuits. “That is not my understanding. He owns a disaster relief company, so he spends time in Puerto Rico because they had a natural disaster.”

Joseph Lipsey III was CEO of Lipsey Logistics Worldwide and its sister company Lipsey Water. In September 2017 — the same month Hurricane Maria devastated Puerto Rico — then-Lipsey Mountain Spring Water was awarded a distribution contract from the Federal Emergency Management Agency. An Oct. 17, 2017, report from Bloomberg estimated that Lipsey had garnered at least $215 million in contracted FEMA relief services.

However, according to a press release published March 18 by Lipsey Logistics, Joseph Lipsey III relinquished all control from all of his business enterprises — including Lipsey Trucking and Lipsey Transport — after he, his wife and 19-year-old son Joseph Lipsey IV were formally charged one week earlier.

“Joseph Lipsey III, the company’s former Chief Executive Officer, has relinquished his management roles and ownership shares in the company in light of personal allegations against him and members of his family. While the allegations relate to personal matters and have nothing to do with our business, the company takes them seriously and does not wish for them to distract from our operations. Mr. Lipsey has transferred all of his voting shares in the company to Mr. [Johnny] Jones,” the statement reads.

“In the past, Mr. Lipsey was principally an investor in the company and has never been involved in its day-to-day operations. Regardless, we would like to assure the public that his exit from the business is immediate and permanent, and that he will have no ownership of or control over the companies going forward,” the statement adds.

The felony charges that Joseph Lipsey III still faces include: distribution of cocaine to a minor, 11 counts of contributing to the delinquency of a minor and one count of possession of a controlled substance. Additionally, he faces three misdemeanor counts of serving alcohol to a minor.

Shira Lipsey’s charges match those of her husband, except for the distribution charge which has been dismissed.

Joseph Lipsey IV, who is due back in court Aug. 5, faces three counts of illegal possession or consumption of alcohol by an underage person, two counts of possession of a controlled substance, one count of distribution of a controlled substance, one count of possession with intent to manufacture or distribute a controlled substance, one count of contributing to the delinquency of a minor, one count of possession of a controlled substance and one count of furnishing cigarettes, tobacco or nicotine products to a minor.

Galanter remains confident for the elder Joseph Lipsey.

“These things, it is not unusual for one defendant to be dismissed before another or to conclude one investigation and still have another ongoing because of witness availability … just all kinds of stuff,” he said.

The Lipseys allegedly hosted parties that included cocaine and alcohol provided freely to high school students, according to authorities.

Brenden Abbott