D.E. Shaw Fired Fund Manager Daniel Michalow for ‘Gross Violations’
- He was accused of actions that raised harassment concerns
- Michalow called himself a ‘scapegoat’ in a letter to Shaw
D.E. Shaw Senior Manager Dismissed Over 'Gross Violations of Policy'
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D. E. Shaw & Co. fired veteran fund manager Daniel Michalow after an internal review found that numerous employees had accused him of inappropriate behavior.
“Daniel Michalow engaged in gross violations of our standards and values,” a D. E. Shaw spokesperson said in a statement Monday. “During the course of a recent investigation prompted by an employee complaint, a number of other employees came forward to report his abusive and offensive conduct. His employment was swiftly terminated.”