The embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. The charges appear in a new report from Viceroy Research, the third scathing short-seller report on Globe. It comes on the heels of short-sale recommendations by Orso Partners’ Nate Koppikar and the anonymous trader Fuzzy Panda earlier this year. Globe said the Viceroy report is “deliberately false, misleading and defamatory.” You can read today’s story here.
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Fallout for Globe Life, Arias Organization, after Insider.com article
Two weeks after Insider.com published my story about sexual assault, drug use and violence at a top insurance agency of Globe Life American Income Division, the story has been cited in multiple court filings in a civil suit. A spokesperson for the Texas Rangers, the Major League Baseball team that plays on Globe Life Field, said the Rangers are “aware” of the allegations against Globe’s Arias Organization. The Feb. 24 story depicted a toxic workplace at Arias Organization, based in Wexford, Pennsylvania. Continue reading
Goldman Sachs Kept the Lid On Sensitive Sex Bias Filings For Years. Until Now.
Over 17 long years — starting long before the #MeToo movement galvanized the nation — one of the most powerful banks in the country has been able to keep the lid on many embarrassing details of a high-profile under discrimination case. A day of reckoning could be on the horizon, though, with a recent agreement between Goldman Sachs and a group of women suing the firm in that case to unseal their allegations of harassment and discrimination. I wrote about the case today for Capital & Main.
Forced Arbitration Is Making It Harder for Low-Wage Workers to Seek Justice
More than 60 million U.S. workers have no choice but to use closed-door arbitration — instead of the public courts — if they have a dispute with their employer. I looked into the ways that so-called “forced arbitration” harms low-wage workers who are seeking justice. Here’s my article today in Capital & Main.
To Review Its Mandatory Arbitration Policy, Goldman Sachs Hires Jeffrey Epstein’s Law Firm
Goldman Sachs & Co. is among the 50+ percent of U.S. companies that have forced employees into contracts that require them to use closed-door arbitration — not the public courts — in the event of a dispute. So-called “mandatory arbitration” is one of the greatest scams ever by Corporate America and helps keep racists, sexual harassers and other miscreant bosses out of the headlines and entrenched in their jobs.
So it shouldn’t have come as a huge surprise when, earlier this week, Goldman said it had hired a law firm to review the impact of mandatory arbitration on its employees and that arbitration was working just fine! Which indeed it is, for Goldman. What was a surprise was news that the law firm that did the review was the same one that sexual predatorJeffrey Epstein used. I wrote about it today in The American Prospect.
Ozy’s problems no shocker to employees who blasted the company on Glassdoor
Just days after The New York Times exposed stunning business practices at the online journalism outfit Ozy, the company said Friday it was shutting its doors. That no doubt came as no surprise to some of its employees, who since 2015 have been excoriating the firm on the jobs website Glassdoor, citing its “toxic” culture, “bipolar management style” and conflicts of interest.
For years, I’ve used Glassdoor to get a reading on the culture at companies I’m writing about. Employees submit reviews of their employers anonymously, but when multiple employees write about similar problems, it raises red flags that I follow up on.
I’ve combed through a lot of awful Glassdoor reviews of awful companies. But I’ve rarely seen the level of employee condemnation aimed at Ozy. Continue reading
“I can’t let these people rewrite history.” Susan Antilla on her long crusade to rid Wall Street of sexual harassment
I spoke with Investment News about my 25-year journey covering gender discrimination on Wall Street. You can listen to the podcast here.
