Three women in the US are suing Goldman Sachs for discrimination.
Business Insider has published a copy of the full claim and it does not make the life of a woman at Goldman look inviting.
Admittedly, many of the alleged events are said to have taken place prior to 2005, so Goldman has had time to change its ways. However, if true, they paint a picture of an organisation in which women are expected to train men, who are then promoted above them.
Here are the allegations, reducted.
· At nearly all levels women are paid less than similarly ranked men doing similar work
· Promotion policies favour men over equally or more qualified women
· The evaluation system favours men
· Women have to spend more time training juniors, and don’t get thanked for it
· Women at Goldman Sachs have fewer junior employees to assist them
· Because men at Goldman Sachs are given more resources, they have the impression of higher power and seniority and this becomes a self-fulfilling prophecy
· Women at Goldman Sachs get less mentoring and training than men
· Women at Goldman Sachs are more likely to be seated at the edge of the trading floor (junior males are more likely to sit in the centre)
· No one at Goldman has any real idea how their compensation number was arrived at
· A male convertible bond salesman who generated lower revenues than one of the claimants was paid 50% more
· Back in 1997 there was an employee outing to a topless bar, after which one of the defendants was groped by a male associate. Although she reported this, nothing was done and three years later the associate was promoted to MD.
· When the same VP-level defendant returned from maternity leave, she was made to sit among the all-female admin assistants
· Male Goldman employees go on virtually men-only golf outings, and don’t invite women even if those women actually happen to like golf.
· It is not unknown for male employees to break into press-ups on the trading floor.