Justin Kwan, the banker who allegedly wrote an email to the bank's interns titled "Welcome to the Jungle," which instructed new employees on the "10 Power Commandments" of working as a new investment banker, will leave the company, according to Gawker.
The New York Daily News previously hinted Kwan might exit the bank.
Kwan became famous after the Wall Street Journal published the email, which included demeaning instructions for newbies such as:
"Commandment" 7: "I recommend bringing a pillow to the office (yoga mat works as well). It makes sleeping under your desk a lot more comfortable, in the very likely scenario that you have to do that."
"Commandment" 8: "You are expected to allocate at least half your seamless web order for group appetizers/snacks for the month of June. No questions asked. Once the 2nd years leave, you can enjoy your $25 allocations."
If the Gawker story is true, Kwan has lost two jobs:
Kwan, though, according to our source, was set to leave Barclays at some point this summer anyway for a job at the prestigious asset management firm The Carlyle Group. But after the email fiasco, The Carlyle Group preemptively fired him, leaving him out two gigs. (Through a spokesperson, The Carlyle Group declined comment.) Because he was fired from Barclays, our source tells us, Kwan also will not get the bonus that he was scheduled to receive upon leaving the bank.
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