Goldman Sachs hit by lurid allegations of sex discrimination

[alp227]

Source: The Guardian

The Wall Street bank Goldman Sachs has been hit with a sexual discrimination lawsuit from three former female employees who claim the firm has a testosterone-driven culture of press-up contests on the trading floor, male-dominated golf outings and scantily clad escorts at an office Christmas party.

Filed in New York's federal court today, the suit alleges that Goldman's decentralised structure gives broad discretion to managers in assigning pay, responsibility and advancement to employees.

"Goldman Sachs gives its managers, the overwhelming majority of whom are men, unchecked discretion to assign responsibilities, accounts and projects to their subordinates," says the complaint.

"The end result is that managers, whether based on conscious or unexamined bias, most often assign the most lucrative and promising opportunities, and 'seats', to men."

Read more: http://www.guardian.co.uk/business/2010/sep/15/goldman-sachs-allegations-sex-discrimination

[aquart]

1. Okay, anyone surprised?

[Octafish]

2. Quick! Call the Taxpayers!

Somebody's got to pay and it isn't coming out of any manager's taxpayer funded bonus.

[fascisthunter]

3. Don't Worry, We'll Bail You Out

scumbags