Disgruntled Banker Moons Bosses, Loses Millions Court decides Bank of America was right to fire cheeky exec By Rob Quinn, Newser Staff Posted Sep 7, 2012 3:35 AM CDT 13 comments Comments Mooning is indeed a firing offense, the court decided. (Shutterstock) (Newser) – Mooning his bosses at Bank of America was no doubt a satisfying moment for disgruntled banker Jason Selch—but it ended up costing him his job and $2 million. After his employer merged with Bank of America's Columbia Asset Management and fired a friend of his for refusing to accept lower compensation, Selch burst into a conference room to berate his bosses and finished things off by mooning the room and telling one exec never to return to Chicago, CNBC reports. Selch only received a formal warning for the mooning until Bank of America CEO Keith Banks heard about the incident and demanded that he be fired—just months before a $2 million bonus package would have vested. Selch sued, arguing that he couldn't be fired "for cause" because the mooning didn't interfere with his duties, but he lost his court battle this week. The mooning, the judge decided, was "insubordinate, disruptive, unruly, and abusive."