Looking for another reason to hate Citigroup, Goldman Sachs, and the rest of the big banks? Need any more evidence that these institutions are entitled-asshole farms?
Try to wrap your head around this stat: In the financial services industry, between mid-2007 and mid-2010, five times more women lost their jobs than men, according to government statistics. Five times! During that same time, around 70 percent of all the jobs lost were lost by men. You don’t have to feminist, or even a woman, to conclude that the old-dick network was protecting its own.
Six current and former Citigroup employees have filed suit against the financial giant for gender discrimination. Last month, three women at Goldman Sachs filed suit for “systematic” gender discrimination, and earlier this year, a similar suit was filed against Bank of America Merrill Lynch.
Dorly Hazan-Amir, who still works for Citigroup, was interviewed on NPR yesterday:
[A] lot of their comments that were made towards me over the years, they’re quite disgusting and inappropriate. I don’t even want to bring them up on the air here. But just as one example, while working only a few days in the group, and having a number of my male colleagues in my cubicle working with me on something, the regional head of the group walked by and said, well, I’m all for this hiring women thing, but not if it’s just going to cost me three of my men every time you can’t do something.
These are the types of comments and incidents that you—when they happen to you, you remember them vividly and you remember the exact circumstances under which they happened.
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I used to work at Citigroup and was unfairly terminated, and I won my unemployment benefits on appeal.
This hits home as my wife was a manager for Bank of America and was driven out for what I still consider to be reasons based on gender bias.
And now BoA purchased my mortgage. Ugh.
Ah come on, bankers are people too! I was a Goldman, Sachs employee for 90 days the summer of 1990 between years of business school. They did not ask me back so I had to resort to working for a company with a real products–books (Houghton Mifflin) and then newspapers (providence journal). Oh, yeah those are products anymore. All you can buy and sell are financial derivatives and Facebook clicks. Bummer. Maybe you are right. Us bankers/vc types are dicks.