Bank of America Executive Berated Employees Over COVID-19 Fears

Bank of America Executive Busted Berating Employees Who Wanted To Work From Home Over COVID-19 Fears

Bank of America Executive Fabrizio Gallo

Leaked audio has revealed a Bank of America executive Fabrizio Gallo was caught berating traders who planned to work from home during the coronavirus pandemic. CNBC obtained a leaked recording of the shocking remarks. Financial experts have also called the comments cold-blooded.

The head of Bank of America’s Global Head of Equities told the bank’s top equity and equity derivatives traders that long-term remote work would not be an option on the March 25 conference call.

Gallo said in the recording:

Of course, we are going to entertain special cases but not the ‘I don’t feel comfortable, sorry.’ It doesn’t work that way over the long term.

At some point in time, one has to make a decision. And we cannot provide proper and orderly markets if 99 percent of the population decides they don’t feel comfortable.

Read more at MFI-Miami