Bias and slapped wrists lead no where…
Every few years a company admits to having screwed women, you know the monetary kind.
They agree to pay millions of dollar — usually just a drop in the bucket for these firms — they say they’re going to hire diversity gurus and really, really make an effort this time not to stick it to their female employees. “I promise, with sugar on top.”
Today, Morgan Stanley settled a sex bias lawsuit and agreed to pay $46 million, about what the company’s CEO made last year. The case involved discrimination against thousands of female financial advisers, who, it turns out were being paid less than their male counterparts. Surprise, surprise.
Is it just me, or are you all sick of this. It’s the same thing over and over again. We all know there’s a problem. Major corporations admit it in court. Statistic after statistic reveal the disparity in pay and treatment.
What the heck are we going to do about it?
I am addressing some of this in an upcoming column in early May where I look at how women are conditioned to roll over when it comes to money.
Stay tuned.