Goldman Sachs hit by lurid allegations of sex discrimination

 

Three female former employees have filed a sex discrimination lawsuit against Goldman Sachs in the United States. Above, the bank's New York HQ reflected in the windows of a neighbouring building. Photograph: Lucas Jackson/Reuters.

 

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.

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