GoldmanSachs666 Message Board

According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Thursday, September 16, 2010

Goldman Sachs Sued for Discrimination Against Women

Goldman Sachs may be the number one employer on Wall Street for some people, but the women at GS might have something else to say about that. As discussed in a previous blog entry, Goldman falls a bit short in its equal treatment of employees. One way to judge the fairness of employers is to assess the way they treat women, minorities and the disabled. GS still has a lot to learn about fairness and sex discrimination.

Goldman Sachs Sued Over Alleged Gender Discrimination

Sept. 15 (Bloomberg) -- Adam Klein, an attorney at Outten & Golden LLP, talks about a discrimination lawsuit against Goldman Sachs Group Inc. by three former female employees he is representing. In a complaint filed in federal court in Manhattan, the women claim they faced discrimination in pay and fewer opportunities for promotion than men at Goldman Sachs. Klein talks with Jon Erlichman on Bloomberg Television's "InBusiness." (Source: Bloomberg)

Goldman Sachs Group Inc. was sued by three former female employees who claim they faced discrimination in pay and fewer opportunities for promotion than men at the firm.

“The violations of its female employees’ rights are systemic, are based upon companywide policies and practices, and are the result of unchecked gender bias that pervades Goldman Sachs’s corporate culture,” the women said today in a complaint in federal court in Manhattan.

The plaintiffs, H. Cristina Chen-Oster, 39, a former vice president; Lisa Parisi, 48, a former managing director; and Shanna Orlich, 30, a former associate, seek class-action status to represent all female Goldman Sachs employees with those job titles.

The women seek unspecified damages and a court order requiring Goldman Sachs to remedy the “systemic sex discrimination” at the firm, according to the complaint.

Read the rest of the article here


Post a Comment