The event was captured in a video as part if an initiation, during which two new young recruits were tasked with eating eight McDonald’s burgers each within 60 minutes, while senior team members laughed and placed bets on the outcome.
The footage is like a scene from Leonardo DiCaprio’s film about the excessive and wild trading industry, The Wolf of Wall Street, particularly the part where one trader ends up vomiting his fast food into a bin, which resulted in cries demanding the ill youngster “eat it”.
There is no limit. pic.twitter.com/MITBy3lQ9M — The Wolf of Wall St. (@TheWolfofWallSt) April 4, 2014
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Following the leaked video hitting the internet, a Marex Spectron spokesperson came forward and said: “We are aware of this incident, which occurred over a year ago.
“The individuals involved have been spoken to and the matter has been addressed internally. The behaviour displayed here is not what we expect from our employees and we have made it very clear that we would take a recurrence extremely seriously.”
Elsewhere, another member of staff is captured performing press ups in the middle of the office.
“We thought this sort of thing had died out after the 1990s. It’s more Wolf of Wall Street than the professional image to which the modern City aspires,” said former investment banker Philip Augar.
The author of author of The Death Of Gentlemanly Capitalism, added: “Initiation rites are a form of bullying and have no role in the workplace. They encourage the formation of cliques which are particularly dangerous in an industry where transparency is so important.”
Marex has offices in New York, Hong Kong, Singapore and London, while the humiliating episode happened at the firm’s Bishopsgate head office in the city. According to the report, the game was introduced for the amusement of experienced team members, as revealed by an insider.
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