Word: macke
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Dates: during 2000-2009
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...next day, Meyer dismissed Mack, pointing to “these baseless allegations against HMC [that you sent] to individuals outside of HMC,” the letter says...
...Mack, a derivatives researcher for Enron before coming to HMC, says she was “shocked” by the mishandling and ignorance of derivatives at the HMC international equities division where she worked, led by Jeffrey B. Larson. At the time, Mack says, Larson’s group had only recently begun exploring more sophisticated financial instruments such as credit default swaps and capital structure arbitrage...
...group I was working for had no background whatsoever to be working on those,” Mack says, adding that, to her knowledge, several of her colleagues were not licensed securities traders. “Sometimes the ways they handled even basic Black-Scholes models [widely used to price stock options] were puzzling...
...Mack stresses that she has nothing personal against Larson and that he was a very adept stock trader, but that he “had no background to be trading derivatives...
...Ultimately, Mack says she reached an out-of-court settlement with Harvard over her firing because her lawyers felt that the University did not want to attract media attention from the dismissal, and that the case could be dragged out over a long period, making it difficult to litigate...