16:59:18 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Canadian Imperial Bank of Commerce
Symbol CM
Shares Issued 445,553,108
Close 2019-12-09 C$ 109.44
Market Cap C$ 48,761,332,140
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FP says new probe ordered in CIBC discrimination case

2019-12-09 08:18 ET - In the News

The National Post reports in its Saturday, Dec. 7, edition that the Canadian Human Rights Commission was ordered to properly assess a discrimination complaint by former Canadian Imperial Bank of Commerce employee Aaren Jagadeesh. The Post's Adrian Humphreys writes that Mr. Jagadeesh claims he was told only males who were gay or bisexual were promoted in the office where he worked at a financial services representative. The commission had improperly dismissed the employee's discrimination complaint based on sexual orientation, in this case for being straight, the Federal Court of Canada ruled. A new investigation and reassessment were ordered. Mr. Jagadeesh claims he was repeatedly turned down for promotions. At a one-on-one meeting with his manager on Sept. 15, 2015, Mr. Jagadeesh said he was told that every male manager in the office was gay or bisexual, and, unless he joined this "group" there was "no hope" for him, the court heard. Mr. Jagadeesh claims the manager said this was why young male employees with little or no qualifications were promoted and told him to "be smart and learn." Mr. Jagadeesh was fired on May 10, 2016. He filed a human rights complaint the following April.

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