Thursday, August 17, 2017

Goldman Sachs Banker Claims Race Discrimination in Lawsuit

 

By Chris Dolmetsch and Jordyn Holman 

Rebecca Allen, a 32-year-old wealth manager at Goldman Sachs Group Inc., sued the bank and one of its managers, claiming she was discriminated against because she is black and Jewish.

A vice president in the private wealth-management division, Allen says in the lawsuit filed Wednesday in federal district court in Manhattan that while her performance at the bank has been exemplary, she was denied opportunities that directly affected her pay, earning potential and the possibilities of promotions in the future.

In her complaint, Allen says Goldman Sachs’s few black employees are marginalized and treated differently when it comes to pay, promotions and opportunities to develop relationships with clients and earn commissions. She says she has never been given the chance to “steer” a customer who comes to the bank unsolicited -- one of the ways private wealth-management employees can add to their business. 

Click here for the full article. 

Source: Bloomberg (via The Empire Report) 

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