subtlety

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.

  • 11 Dec 2009 at 1:40 PM

Vampire Squid Writer Goes There

barneyfrank.jpg

Even more outrageous, it specifically prohibited Congress from rejecting tax giveaways to Wall Street, as it did last year, by removing all congressional oversight of future bailouts. In fact, the resolution authority proposed by Frank was such a slurpingly obvious blow job of Wall Street that it provoked a revolt among his own committee members, with junior Democrats waging a spirited fight that restored congressional oversight to future bailouts, requires equity for taxpayer money and caps assistance to troubled firms at $150 billion.

Obama’s Big Sell-Out [Rolling Stone]