sexism

On the one hand, it’s nice that Citi had the sense to realize that shitty jokes about women would’ve reflected poorly on the organization, and subsequently disinvited Ben Stein as a keynote speaker for their May 17 event. On the other, the sagely advice that would’ve come out of his mouth (a la this, from August 2007: “Merrill lynch is an *astonishingly* well-run company“) probably would have been hilarious. [Bloomberg via Daily Intel]

Many women report that sexism is still rife on Wall Street, albeit less overt. Sexual discrimination charges by women at finance companies dropped 28% from 2000 to 2009, according to data from the Equal Employment Opportunity Commission. But the number of charges per woman in the industry climbed during the recession in 2008 and 2009. Monica Murphy…an entrepreneur who worked at Goldman for six years, said the social aspect of the job was awkward. “I always was invited out, as were the other younger women, but oftentimes you didn’t want to go,” she said. “It was a strange thing to be 24 and to be going to drinks with 45-year-old men.” Muntean said that many of her female coworkers got smaller bonuses because they didn’t golf or pal around with male managing directors. “There were a couple that tried to be buddy-buddy with the guys, but it never really worked,” she said. “It wasn’t like the ’60s, getting slapped on the butt all the time. It was very subtle.” [FINS]

Of course, there are exceptions.