This is one of those bizarre stories that makes the New York Post worth subscribing to: A junior trader at Steven Cohen's legendary SAC Capital has alleged in a lawsuit that Ping Jiang, one of Cohen's top bosses, required some traders to swallow female hormone pills to curb their aggressiveness and make them better traders.
The trader claims that the hormones eventually induced him to start wearing women's clothing, avoid his wife, and begin a sexual relationship with his boss. According to The Post, "Details of the case, disclosed yesterday by Charlie Gasparino on CNBC, claimed that the boss bragged he had developed a successful trading method based on being effeminate and that other traders ought to start using it, too."
Seizing on the opportunity, Richard Simmons and Queer Eye for the Straight Guy's 'Fab Five' are reportedly teaming up to launch a managed futures fund.
But on a slightly more serious note, there is a growing body of research suggesting that excessive-testosterone has been responsible for some of business's great blunders. For more on that, check out Testosterone Inc.: Tales of CEO's Gone Wild.
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