What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Fidelity fires people over fantasy football (1 Viewer)

It might be time to move the IRAs and brokerage accounts to E-Trade or TD Ameritrade. I don't care for what Fidelity stands for

http://sports.yahoo.com/fantasy/blog/roto_...=fantasy,208825
I saw this...this is either a crazy overreaction or there is more to the story than meets the eye. I can see canning someone if they are spending like 1/2 their day f'ing around on fantasy sites...but not for a random IM here and there as what was referenced in the article. Kind of sucks to get fired for IMing about Trent Edwards...I mean, why is that guy even a part of a legit fantasy discussion? :goodposting: My other thought is that they were looking for some excuse to can these particular folks. Juding by how many guys I know play FFL -- and how they occassionally chat with others at work about it -- there are DEFINITELY more than 4 people at Fidelty doing this...is the company going to fire all of them? I guarantee you they WILL NOT if that person is deemed a "valuable" employee or is in some position of power.THere is more to this than meets the eye, it seems.

M

 
It might be time to move the IRAs and brokerage accounts to E-Trade or TD Ameritrade. I don't care for what Fidelity stands for

http://sports.yahoo.com/fantasy/blog/roto_...=fantasy,208825
I saw this...this is either a crazy overreaction or there is more to the story than meets the eye. I can see canning someone if they are spending like 1/2 their day f'ing around on fantasy sites...but not for a random IM here and there as what was referenced in the article. Kind of sucks to get fired for IMing about Trent Edwards...I mean, why is that guy even a part of a legit fantasy discussion? :lol: My other thought is that they were looking for some excuse to can these particular folks. Juding by how many guys I know play FFL -- and how they occassionally chat with others at work about it -- there are DEFINITELY more than 4 people at Fidelty doing this...is the company going to fire all of them? I guarantee you they WILL NOT if that person is deemed a "valuable" employee or is in some position of power.THere is more to this than meets the eye, it seems.

M
Maybe the thinking was, "if this guy has Trent Edwards on his team, he must not be too bright, so lets get rid of him before he does damage to us". LOLBut it doesn't change the fact its lousy policy. Grow up, Fidelity and worry about your declining market share.

 
It might be time to move the IRAs and brokerage accounts to E-Trade or TD Ameritrade. I don't care for what Fidelity stands for

http://sports.yahoo.com/fantasy/blog/roto_...=fantasy,208825
I saw this...this is either a crazy overreaction or there is more to the story than meets the eye. I can see canning someone if they are spending like 1/2 their day f'ing around on fantasy sites...but not for a random IM here and there as what was referenced in the article. Kind of sucks to get fired for IMing about Trent Edwards...I mean, why is that guy even a part of a legit fantasy discussion? :blackdot: My other thought is that they were looking for some excuse to can these particular folks. Juding by how many guys I know play FFL -- and how they occassionally chat with others at work about it -- there are DEFINITELY more than 4 people at Fidelty doing this...is the company going to fire all of them? I guarantee you they WILL NOT if that person is deemed a "valuable" employee or is in some position of power.THere is more to this than meets the eye, it seems.

M
Pretty much guaranteed. Canned for some other reason but they are using FF as the excuse. Where I used to work, they had a flag that would go up when you got close to 20 years with the company. Every few years, they would go around and clean house. Back then it was a pension so those people got zero upon termination. Then they would just move everyone up....and in line for execution when they got close to 20 years.

 
I just opened an account with Fidelity, too.

I can see where they're coming from, on the gambling aspect.

But, still... Do they crack down as hard on 50-50s used to fund office parties?

 
It might be time to move the IRAs and brokerage accounts to E-Trade or TD Ameritrade. I don't care for what Fidelity stands for

http://sports.yahoo.com/fantasy/blog/roto_...=fantasy,208825
I saw this...this is either a crazy overreaction or there is more to the story than meets the eye. I can see canning someone if they are spending like 1/2 their day f'ing around on fantasy sites...but not for a random IM here and there as what was referenced in the article. Kind of sucks to get fired for IMing about Trent Edwards...I mean, why is that guy even a part of a legit fantasy discussion? :lmao: My other thought is that they were looking for some excuse to can these particular folks. Juding by how many guys I know play FFL -- and how they occassionally chat with others at work about it -- there are DEFINITELY more than 4 people at Fidelty doing this...is the company going to fire all of them? I guarantee you they WILL NOT if that person is deemed a "valuable" employee or is in some position of power.THere is more to this than meets the eye, it seems.

M
Pretty much guaranteed. Canned for some other reason but they are using FF as the excuse. Where I used to work, they had a flag that would go up when you got close to 20 years with the company. Every few years, they would go around and clean house. Back then it was a pension so those people got zero upon termination. Then they would just move everyone up....and in line for execution when they got close to 20 years.
As someone who works in the pension field, I can guarantee you that these people did not get ZERO pension if they got terminated just prior to 20 years. What they probably missed out on was a possible unreduced early retirement that would have come at 20 years of service, but they were all still 100% vested in a pension at 19 years for sure.
 
It might be time to move the IRAs and brokerage accounts to E-Trade or TD Ameritrade. I don't care for what Fidelity stands for

http://sports.yahoo.com/fantasy/blog/roto_...=fantasy,208825
I saw this...this is either a crazy overreaction or there is more to the story than meets the eye. I can see canning someone if they are spending like 1/2 their day f'ing around on fantasy sites...but not for a random IM here and there as what was referenced in the article. Kind of sucks to get fired for IMing about Trent Edwards...I mean, why is that guy even a part of a legit fantasy discussion? :thumbup: My other thought is that they were looking for some excuse to can these particular folks. Juding by how many guys I know play FFL -- and how they occassionally chat with others at work about it -- there are DEFINITELY more than 4 people at Fidelty doing this...is the company going to fire all of them? I guarantee you they WILL NOT if that person is deemed a "valuable" employee or is in some position of power.THere is more to this than meets the eye, it seems.

M
Pretty much guaranteed. Canned for some other reason but they are using FF as the excuse. Where I used to work, they had a flag that would go up when you got close to 20 years with the company. Every few years, they would go around and clean house. Back then it was a pension so those people got zero upon termination. Then they would just move everyone up....and in line for execution when they got close to 20 years.
As someone who works in the pension field, I can guarantee you that these people did not get ZERO pension if they got terminated just prior to 20 years. What they probably missed out on was a possible unreduced early retirement that would have come at 20 years of service, but they were all still 100% vested in a pension at 19 years for sure.
You are right but it may as well be zero.. They got ####ed. This was back in the early 90's and I think they always tried to sue for some reason. Something possibly about not getting the pesnion unless you got to 20 years.
 
Last edited by a moderator:
FavreCo said:
Phurfur said:
FavreCo said:
Phurfur said:
I guess when people are paid to work they should be working, I see no problem with this.
Some of us have superior multi-tasking abilities. You on the other hand should be fire. Who do you work for again?
I'm self employed.
In order to save face, your best move is to fire yourself.
:(
So you are using company equipment for personal use? Unless you are at the library.
 
Sneaky YouTube,Facebook peeks point to better office productivity

http://www.news.com.au/business/business-s...0-1225699635606

======================================

There's always been a double standard about using the Internet. You'll see your boss and coworkers chitchat for 20 minutes every morning about their dog's Christmas presents, yet if you take 5 minutes to check your fantasy football draft, they're going to have to have a talk with you about inappropriate use. Not to mention the people who linger on breaks for an extra few minutes or always seem to find time to photocopy a magazine article or take a personal phone call.

 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!

 
Phurfur said:
I guess when people are paid to work they should be working, I see no problem with this.
:shrug: Loved the quote 'how could they fire me in this economy for something like this'In this economy, you should be more worried for your job there Joe.
 
Last edited by a moderator:
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
No gambling, now get back to ... gambling.
 
I interned this summer with USAA and Fantasy Football was frowned upon largely. One of the guys i worked with had a story about someone doing his DRAFT at work... Dude got fired eventually.

 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
Doesn't matter what they consider gambling. FF is not gambling.
 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
Doesn't matter what they consider gambling. FF is not gambling.
Doesn't matter what anyone else thinks is gambling, if they have it written into policy and you have signed that policy then you will need your lawyers to fight their lawyers in a very uphill battle. They were discussing FF in an IM on company time, there is not much difference between that and surfing a FFwebsite. I feel for these guys but I bet this is the result of other infractions as well.
 
My new job has a strict no gambling policy. I'm afraid to even visit this place when I change over.

 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
Doesn't matter what they consider gambling. FF is not gambling.
Doesn't matter what anyone else thinks is gambling, if they have it written into policy and you have signed that policy then you will need your lawyers to fight their lawyers in a very uphill battle. They were discussing FF in an IM on company time, there is not much difference between that and surfing a FFwebsite. I feel for these guys but I bet this is the result of other infractions as well.
Wanna bet? If you have it written into your policy that you do not condone gambling and have fired these employees on that basis, it's Fidelity that would have an uphill battle. Fantasy Sports has been defined by Federal Court as a game of skill and thus, not gambling. Now if they're being fired because they were engaged in non-work related activity on company time, yeah - they're S.O.L. That, I agree with you on. But "gambling" is not open to Fidelity's interpretation.
 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
Doesn't matter what they consider gambling. FF is not gambling.
Doesn't matter what anyone else thinks is gambling, if they have it written into policy and you have signed that policy then you will need your lawyers to fight their lawyers in a very uphill battle. They were discussing FF in an IM on company time, there is not much difference between that and surfing a FFwebsite. I feel for these guys but I bet this is the result of other infractions as well.
Wanna bet? If you have it written into your policy that you do not condone gambling and have fired these employees on that basis, it's Fidelity that would have an uphill battle. Fantasy Sports has been defined by Federal Court as a game of skill and thus, not gambling. Now if they're being fired because they were engaged in non-work related activity on company time, yeah - they're S.O.L. That, I agree with you on. But "gambling" is not open to Fidelity's interpretation.
If they were fired for gambling. If they were fired for the company's policy that included gambling then they probably have no case. Fidelity is highly regulated so its no surprise they crack down on things like this. If it was an email would it make more sense? If it was a phone call would it make less sense? I would bet its closer to an email for regulatory purposes. You do sound like you know more than me on the laws involved.
 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
Doesn't matter what they consider gambling. FF is not gambling.
Doesn't matter what anyone else thinks is gambling, if they have it written into policy and you have signed that policy then you will need your lawyers to fight their lawyers in a very uphill battle. They were discussing FF in an IM on company time, there is not much difference between that and surfing a FFwebsite. I feel for these guys but I bet this is the result of other infractions as well.
Wanna bet? If you have it written into your policy that you do not condone gambling and have fired these employees on that basis, it's Fidelity that would have an uphill battle. Fantasy Sports has been defined by Federal Court as a game of skill and thus, not gambling. Now if they're being fired because they were engaged in non-work related activity on company time, yeah - they're S.O.L. That, I agree with you on. But "gambling" is not open to Fidelity's interpretation.
If they were fired for gambling. If they were fired for the company's policy that included gambling then they probably have no case. Fidelity is highly regulated so its no surprise they crack down on things like this. If it was an email would it make more sense? If it was a phone call would it make less sense? I would bet its closer to an email for regulatory purposes. You do sound like you know more than me on the laws involved.
Agreed. I'm only familiar with the Unlawful Internet Gaming Enforcement Act. I know NOTHING about employment law, so heck - maybe they could fire him for gambling when he wasn't really gambling and they'd still get away with it. Any way you slice it, the guy was technically engaging in non-work related activities.
 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
Doesn't matter what they consider gambling. FF is not gambling.
You submit a weekly "parlay" of players based on the weather reports and NFL injury reports for 16 or so weeks with money bet on the intention of winning even more. Yes sir we have gambling. Not a game of skill. GAMBLING
 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
Doesn't matter what they consider gambling. FF is not gambling.
You submit a weekly "parlay" of players based on the weather reports and NFL injury reports for 16 or so weeks with money bet on the intention of winning even more. Yes sir we have gambling. Not a game of skill. GAMBLING
Picking NFL games is gambling. Assembling a roster of players - a different roster than anyone else in your league - and competing against other "owners" is not a game of pure luck. Skill is involved.
 
and...there is an awful lot of luck. A litle skill, but winning the whole thing requires more luck.

 
Worked at Fidelity, there is a strict no gambling policy. They consider NCAA pools and Fantasy as gambling and I had heard of people being fired for running a set of NCAA brackets. You cannot access MFL, the yahoo/espn fantasy section etc. while logged in. Heck, they don't even allow you to access gmail or yahoo mail. Glad I got out!
Doesn't matter what they consider gambling. FF is not gambling.
You submit a weekly "parlay" of players based on the weather reports and NFL injury reports for 16 or so weeks with money bet on the intention of winning even more. Yes sir we have gambling. Not a game of skill. GAMBLING
Picking NFL games is gambling. Assembling a roster of players - a different roster than anyone else in your league - and competing against other "owners" is not a game of pure luck. Skill is involved.
People would say Poker is a game of skill...just saying.
 
I heard a lengthy discussion of this with a legal expert on a radio show (I hadn't heard about it until then). If the people talking about the case had their facts straight, Fidelity has a couple of big things issues going against them:

1. Whether we think it's gambling or not, as was previously mentioned here, the Federal court has been very careful to differentiate fantasy sports from gambling. If they were just looking to fire these guys they probably could have drummed up some other reasons, but their termination papers specifically say it's for gambling violations related to fantasy football. Unless their policy is very specifically worded when it comes to fantasy sports, it's going to be pretty easy to make a case that they misapplied this policy.

2. There was minimal money involved--I think they said it was a $20 league, so it's not really holding up to the common sense standard either.

3. Additionally, the guy that's become the face of this case apparently had zero demerits (or whatever Fidelity calls them) on his record and a ton of accolades, so it's kind of hard to argue this was a straw that broke the camels back situation, at least for him.

4. Again, if they had their facts straight, there were 10 people in the league, yet only 4 got fired. That doesn't sound like applying a zero tolerance to everyone.

I think the bottom line is someone was using the gambling policy as an excuse to fire and clearly had no idea that this would turn into a national news story. I think it's pretty bad business for Fidelity because they sound shady + currently fantasy football is extremely popular and investment banking companies are not. I'm sure they've already lost business over this. Now maybe it will turn out these 4 were spending hours a day managing fantasy teams on the clock, but until then it's making Fidelity look foolish.

 
Here's where the employees run into problems guys. This is taken straight out of the US Code section on gambling:

(1) Bet or wager.— The term “bet or wager”—

(E) does not include—

(ix) participation in any fantasy or simulation sports game or educational game or contest in which (if the game or contest involves a team or teams) no fantasy or simulation sports team is based on the current membership of an actual team that is a member of an amateur or professional sports organization (as those terms are defined in section 3701 of title 28) and that meets the following conditions:

(I) All prizes and awards offered to winning participants are established and made known to the participants in advance of the game or contest and their value is not determined by the number of participants or the amount of any fees paid by those participants.

Since this was a money league, it depends on what the winner(s) gets. If the prize is in no way related to the fees for playing, not gambling. Take Yahoo, for instance. You can pay Yahoo $24 for a team where the winner gets a bobble-head trophy or t-shirt for first place. That is not gambling. But if my friends and I all throw in $20 apiece for a league and the top three teams get money awards, that's gambling.

Doesn't matter what anyone else thinks is gambling, if they have it written into policy and you have signed that policy then you will need your lawyers to fight their lawyers in a very uphill battle. They were discussing FF in an IM on company time, there is not much difference between that and surfing a FFwebsite. I feel for these guys but I bet this is the result of other infractions as well.
Also, what he said.
 
Last edited by a moderator:
I don't know about the training involved to work for a investment company. I know that my job requires a huge amount of expensive training. I can't see how firing a trained professional for a $20 fantasy league would help the company unless they are simply downsizing. I am glad I don't have any money with Fidelity.

 
Good for Fidelity. Regardless if it's gambling or not maybe the people involved should spend a little more time working and a little less time surfing the net to play ff. If they were doing it on their own time I'd have no problem with it but if it was on company time they deserve to be fired. JMO.

 

Users who are viewing this thread

Back
Top