President of Steven Cohen’s Investment Firm Quits Amid Gender Bias Lawsuit

(CNBC) A top executive at the investment firm led by the billionaire investor Steven A. Cohen has stepped down a month after a female employee sued the firm over accusations that it underpaid female employees and fostered a hostile work environment. Douglas D. Haynes resigned as president of the firm, Point72 Asset Management, on Friday, according to five people briefed on the matter but not authorized to speak publicly because the suit is continuing. Mr. Haynes, a former executive at McKinsey & Company who joined Point72 in 2014, is named as a defendant in the suit.

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