Wells Fargo Bond Saleswoman Claims Pay Bias in ‘Boys Club' Team [BNN Bloomberg (Canada)]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: BNN Bloomberg
Michal Leavitt, a onetime Bear Stearns managing director, filed a lawsuit Friday in Chicago. She says she was forced to join Wells Fargo's financial institutions group as a vice president, was paid up to 50% less than her male colleagues and was never assigned large accounts by a “disproportionately male management.” “The financial institutions group is a self-acknowledged ‘boys' club,' where ‘locker room talk' on the sales floor is de rigeur,” Leavitt said in her complaint. Wells Fargo didn't have an immediate comment on the suit. Big banks have long faced allegations of bias against women, with several high-profile cases coming in recent years. Last November, Citigroup Inc. managing director Ardith Lindsey sued the bank for allegedly tolerating years of sexual harassment against her. Last year, Goldman Sachs Group Inc. paid $215 million to settle a long-running class action suit by women alleging compensation and promotion bias. According to Leavitt's suit, when she joined
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