Wall Street Battles Sexual Bias
USA Today (09/15/00) Vol. 104, No. 37 p.1B; Knox, Noelle
Equal Employment Opportunity Commission (EEOC)
Chairwoman Ida Castro says that her agency is receiving a steady
flow of sexual discrimination complaints from women who work on
Wall Street. This year alone, the EEOC ruled that Morgan Stanley
Dean Witter discriminated against a group of its female employees
and retaliated against at least one for complaining; a group of
current and former female Merrill Lynch brokers have picketed the
company because of its slow settling of hundreds of sexual
discrimination claims; and Smith Barney has not yet settled 705
claims against it dating from 1996. Working Mother magazine's
current issue lists Merrill Lynch as one of the top 10 best
companies for working mothers and says it has improved its
commitment to women, but it has settled only 19 percent of the
claims against it. And the other big firms appear to be moving
equally slowly.