Former trader turned maths teacher could receive TWELVE MILLION in lost earnings
Teaching maths is not as lucrative as working as a global head of securities, even if it is at one of the lesser known Dutch banks.
Therefore, if you are unfairly obliged to leave your job as global head of securities because of discrimination (on the grounds of non-Dutchness) and you go off to become a maths teacher, you could therefore be in line for rather a large payout.
Such is the situation of Andrew Docker.
Docker was made redundant from Rabobank in January 2009 and didn't receive a bonus. He then took Rabobank to an employment tribunal and claimed that he was dumped because he wasn't Dutch and demanded 12m to compensate for loss of earnings.
That was December 2009. Since then, Docker has been teaching maths and Rabobank has been appealing against his claim, trying to avoid such a gargantuan payout. The case is due to conclude soon.
"If he's successful, there will be a monster claim," says Charles Ferguson at Ferguson Solicitors, which is dealing with the case. "You're looking at a 20 year career when the disparity will be around 500k a year."
'White men' discrimination cases seem to be becoming more prevalent in banking. Last week, the former head of interest rate derivatives exotics and hybrid risk management at Calyon sued the bank for 511k for race discrimination, victimisation and unfair dismissal on the grounds that he was not French.
Ferguson says there have been no alterations to the law which make it easier to bring this kind of case, but that these things tend to go in "waves."