00:00How much would you pay for a platter of snacks? How about four million dollars? Yeah, no. Well,
00:06unfortunately for JPMorgan Chase, that's roughly how much they're going to have to shell out to
00:10an ex-employee for that aforementioned platter of snacks. Former JPMorgan broker Brent Ryan
00:16Bodner was fired last year because the company said he expensed a deli platter for his personal
00:21Super Bowl party. Bodner, however, says it was very much not for a Super Bowl party. The cost
00:27of the deli platter at the center of all of this was $642.50, and it was delivered to Bodner's
00:34home
00:34a few days before the big game. You can maybe see the bank's confusion thinking it was for personal
00:39consumption, but it wasn't, and Bodner had the receipts. His lawyer told the Post that the meats
00:44and cheeses were a pre-approved business expense for a meeting at his home involving an established
00:49client and a prospective client. Bodner's assistant even sought approval for the meeting beforehand
00:54and ordered the sandwiches in advance, adding that the paperwork was handled the exact same way she
00:58had done with similar food orders in the past. Now, if I were JPMorgan, I'd have just eaten the cost
01:04of the platter at this point, but they didn't, and they fired him for it. Now, instead of a little
01:09more
01:09than $600, the amount JPMorgan has to pay him for wrongful termination is $4.25 million. That is more
01:17than 6,000 of those deli platters. Now, the case landed in front of the Financial Industry Regulatory
01:24Authority, a self-regulatory group that oversees arbitration in the financial industry and solves
01:29disputes between firms like JPMorgan and brokers like Bodner. I suppose, friends, that is why they
01:35say there is no such thing as a free lunch.
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