Women on Wall Street: Despite Diversity Measures, Wall Street Remains Vulnerable to Sex Discrimination Charges

Roth, Louise Marie
February 2007
Academy of Management Perspectives;Feb2007, Vol. 21 Issue 1, p24
Academic Journal
Shaken by sexual harassment charges and costly lawsuits, Wall Street in the late 1990s saw a real shift away from its "old boy network" past -- at least on paper anyway. In response to sexual harassment suits, many firms on Wall Street implemented strict sexual harassment policies, and even family friendly work-life balance policies. Unfortunately, the lawsuits have continued, prompting many to wonder why Wall Street continues to be so hostile to anyone other than white males. In a research study conducted in 1998 and 1999 with 76 men and women working on Wall Street, I found a number of reasons why change has been so slow in the making.


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