Tag Archives: goldman sachs

Women Sue Goldman Sachs for “Male Corporate Culture”

Three women are suing mega-investment firm Goldman Sachs over what they call “unchecked gender bias that pervades Goldman Sachs’s corporate culture.” Former vice president Cristina Chen-Oster, former managing director Lisa Parisi, and an associate, Shanna Orlich, claim that the firm underpaid them, and failed to promote women. Keep reading »

Shun, Shag, Or Marry: The Goldman Sachs Bosses

The Goldman Sachs bosses are in hot water. The Subcommittee on Investigations made sure they were thorough with a nearly 11-hour questioning of them this week, asking whether their firm “made significant bets against the mortgage industry while selling their clients toxic assets.” Basically, while the economy went down the crapper, these guys were raking in dough. While I would love to shun the lot of them, because I am a respectable journalist, it is my job to decide which Goldman Sachs bosses should be shunned, shagged, or married. [Huffington Post, Daily Mail]
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Life Lesson: Don’t Rip People Off And Put The Evidence In A Love Letter

In case you didn’t already know, it’s wrong to knowingly rip people off. Ya know, like when our economy went to hell and big banks claimed to have no idea that the housing market was about to collapse. Because giving home loans to people who can’t pay them back and then having people invest in bundles of such loans is like totally legit and ethical. Anyway, if you are knowingly ripping people off in said fashion, you probably don’t want to share that information in emails to your lover.

Goldman Sachs bond trader, Fabrice Tourre, who liked to refer to himself as “fabulous Fab,” made some not-so-fabu electronic whoopsies that will be at the center of the SEC fraud hearing against the company. Keep reading »

Today’s Lady News: Former Goldman Sachs VP Sues Over Getting “Mommy Tracked”

This originally posted yesterday at 6:30 pm, but then there was some sort of snafu and a bunch of text deleted. Anyway, here’s yesterday’s Lady News, uh, today. — Editor Amelia

  • Charlotte Hanna, a former vice president at Goldman Sachs, is suing the company for setting her on a “mommy track,” which she says led to her getting fired while on maternity leave. Hanna was hired at Goldman Sachs in 1998 and promoted to vice president two years later. Her lawsuit claims, however, that she was demoted in 2005 after she returned from her first maternity leave and was fired while on her second maternity leave in 2009. “When Ms. Hanna decided to take the ‘off-ramp’ provided by the firm to devote time to her children, there was no ‘on-ramp’ that enabled her to return to full-time employment,” her lawsuit states. “Essentially, the ‘off-ramp’ was a direct path to a mommy-track that ultimately derailed Ms. Hanna’s career.” [Reuters]
  • Today’s featured entry on Wikipedia.org is about “wife selling.” Interesting. [Wikipedia.org]

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Sex Changes And Job Perks

Besides the people, of course, the thing that makes work bearable are the perks — free coffee and tea if the company’s cheap, all the way to yoga classes and dry cleaning if the company is generously loaded. (I would greatly appreciate the latter, as I just spent $130 at my cleaner’s.) But, if you’re thinking about making a life change, specifically, a sex change, you should try to get hired at Goldman Sachs. Last year, the financial firm added health-insurance coverage for sex reassignment surgery, which can cost $5,000 to $150,000 per individual. While it’s not a benefit that most people would take advantage of, like profit sharing, we appreciate the effort they’re putting into keeping their employees happy. [Fortune] Keep reading »

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