New York Daily News
BY Christine Roberts DAILY NEWS WRITER
Monday, July 13th 2009, 1:39 PM
Olson/Getty
Bank of America has been accused of gender discrimination practices.
Bank of America is facing legal trouble, yet again.
Jamie Goodman, a financial advisor who has worked for Bank of America-owned Merrill Lynch for 16 years, is suing both companies for allegedly giving larger bonuses to her male counterparts. Goodman filed the class action sexual discrimination lawsuit at the end of June.
Goodman claims that Bank of America was aware of Merrill Lynch’s less-than-fair bonus practices, Crain’s Newyorkbusiness.com reports.
“When these big firms merge, women are being paid less to stay because their production is lower,” Goodman’s lawyer and partner at the law firm Meites Mulder Mollica & Glink, Shona Glink told Crain’s. “And why is their production lower? Because they’ve been discriminated against by not getting the good partnership opportunities, the big clients, or the large territories. It’s a vicious cycle.”
Bank of America has vowed to fight the charges. The company maintains that the Merrill Lynch bonuses were merit-based and distributed without reference to gender.
Full Story: http://www.nydailynews.com/money/2009/07/13/2009-07-13_bank_of_america_sued_for_gender_discrimination.html
1 comment:
There are plenty of consumer comments that can be found on Pissed Consumer.
Bank of America has created a lot of upset people. It is starting to show. Please check out Bank Of America complaints on other sites.
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