Seven months after a historic settlement between Goldman Sachs and a group of women who sued the financial giant for pay discrimination, not much seems to have changed on Wall Street. Serious challenges persist for women who work in finance. Women in North America held only 21% of senior leadership jobs in financial services in 2022 and of 15 industries in a recent survey, finance and insurance had the biggest average pay gaps. I wrote about these issues today for Capital & Main.
Capital & Main
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.
How Far Can Financial Regulators Go With Their Push for Social and Economic Justice?
Financial regulators are treading into matters related to environment, social and governance, or ESG, at an unprecedented pace. But with conservative opponents pushing back, it isn’t clear how far regulators can go. You can learn more in my article today for Capital & Main.