Posted On:
May 22, 2008
Gender Discrimination in the Financial Services Industry
In a recent blog entry, we discussed the prevalence of gender discrimination on Wall Street. This was further demonstrated in a story that was recently covered in many news outlets regarding a multi-million dollar class action settlement involving Citigroup.
As Portfolio.com reports, the action was brought on behalf of female financial advisers who had worked in Smith Barney retail brokerage branches. The nature of the claim was that females were treated differently than males in terms of compensation and business opportunities, which is a clear act of gender discrimination.
