Credit Cards

Goldman Sachs paid $12 million to female partner to settle sexism complaint, Bloomberg reports

Bloomberg reported Tuesday that Goldman Sachs paid more than $12 million to a former female partner to settle claims that senior executives created a hostile environment for women. According to Bloomberg, the former partner alleged that top executives, including CEO David Solomon, made dismissive or vulgar comments about women at the firm, which cited people with knowledge of her complaint. The complaint alleged that women at Goldman were paid less than men and referred to in insulting ways, Bloomberg said, citing anonymous sources. According to the news outlet, the management of Goldman Sachs was troubled by the complaint and settled it two years ago to keep the claim from being made public. The female partner, who now works for a different employer, declined to comment to Bloomberg, which said it withheld her name partly because she never went public with her allegations.

Wall Street continues to deal with accusations that its hard-charging culture results in the unfair treatment of female employees. Solomon, who took over from predecessor Lloyd Blankfein in 2018, faces a class-action lawsuit alleging gender discrimination that could go to trial next year; Goldman has denied the claims and attempted to dismiss the lawsuit. Earlier this year, an ex-Goldman managing director published a memoir detailing episodes of harassment over her 18-year career at the bank. In public remarks, Solomon has said hiring and promoting more women and minorities were his top priorities, and the company has publicized its efforts to boost the ranks of women at the bank.

By browsing this website, you agree to our privacy policy.
I Agree
Skip to content