Wall Street Battles Sexual Bias
USA Today (09/15/00) Vol. 104, No. 37 p.1B; Knox, Noelle

Equal Employment Opportunity Commission (EEOC) Chairwoman Ida Castro says that her agency is receiving a steady flow of sexual discrimination complaints from women who work on Wall Street. This year alone, the EEOC ruled that Morgan Stanley Dean Witter discriminated against a group of its female employees and retaliated against at least one for complaining; a group of current and former female Merrill Lynch brokers have picketed the company because of its slow settling of hundreds of sexual discrimination claims; and Smith Barney has not yet settled 705 claims against it dating from 1996. Working Mother magazine's current issue lists Merrill Lynch as one of the top 10 best companies for working mothers and says it has improved its commitment to women, but it has settled only 19 percent of the claims against it. And the other big firms appear to be moving equally slowly.


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