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Something is rotten in the state of Goldman, and it isn’t the ludicrously expensive caviar one of the execs left in the decadently furnished break room fridge. The company, currently on the receiving end of the class-action scorn of its female employees, is apparently not so good with the gender equality. No one is surprised.
In the suit brought by former VP Christina Chen-Oster and Shanna Orlich, a former associate, the company has allegedly created a “boys club” atmosphere that discriminates against and denigrates women. The VP’s account of the institutional issues even includes her being personally sexually assaulted after a co-worker’s promotion party at a topless bar. The shining beacon of a company embracing corporate responsibility there.
Beyond behavioral issues, pay for women is 21% lower and about 23% less women get promoted to manager director positions from VP. Basically, Goldman is trying to run their company like this is the 1950s, and it’s finally coming back to bite them in the ass. Have the guys running the show never had a girlfriend or wife? The last thing you do is piss off a woman, especially in an industry that attracts driven, type-A, no bullshit professional women. They will find a way to get justice, as this suit is now proving very clearly.
Goldman could be in some deep shit here. Class action suits are expensive, and if they have to pay it, it could be to the tune of millions upon millions, especially if they violated the rights of their workers and overlooked some really sketchy illegal behavior on the part of their male employees. It’s like they’ve never even heard that saying “Hell hath no fury like a woman who can’t break through the glass ceiling.”