Download e-book for kindle: Selling Women Short: Gender and Money on Wall Street by Louise Marie Roth

By Louise Marie Roth

ISBN-10: 0691126437

ISBN-13: 9780691126432

Rocked through a flurry of high-profile intercourse discrimination proceedings within the Nineteen Nineties, Wall highway was once alleged to have wiped clean up its act. It hasn't. Selling ladies Short is a robust new indictment of the way America's monetary capital has swept enduring discriminatory practices below the rug.

Wall road is meant to be a fort of natural economics, deciding to buy functionality and comparing functionality objectively. individuals with comparable skills and function should still obtain comparable pay, despite gender. they do not. evaluating the stories of fellows and ladies who all started their careers on Wall highway within the past due Nineteen Nineties, Louise Roth unearths not just that girls earn a standard of 29 percentage much less but in addition that they're shunted into much less profitable profession paths, will not be promoted, and are denied the simplest clients.

Selling girls Short finds the sophisticated structural discrimination that happens whilst the subconscious biases of managers, coworkers, and consumers impression functionality reviews, paintings distribution, and pay. of their personal phrases, Wall highway staff describe how elements corresponding to the choice to go along with these of a similar gender give a contribution to systematic inequality.

Revealing how the very platforms that Wall highway proven ostensibly to wrestle discrimination advertise inequality, Selling girls Short closes with Roth's frank recommendation on tips on how to take on the matter, from introducing extra tangible functionality standards to curtailing gender-stereotypical consumer interesting actions. in particular, enterprises may cease pretending that industry forces result in reasonable and independent results. They don't.

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Additional info for Selling Women Short: Gender and Money on Wall Street

Example text

Once he knew that she was looking for another position, she felt even m o r e unwelcome than ever and decided that she had n o choice b u t to take the job. H e r second firm was a friendlier environment and more gender mixed, but offered lower pay than the investment bank where she initially worked. Sabrina was n o t ultimately successful or happy in her second position either and she was disappointed with her compensation. She verified with management that her bonus was at the very bottom of the range and at that point she left the industry.

Once he knew that she was looking for another position, she felt even m o r e unwelcome than ever and decided that she had n o choice b u t to take the job. H e r second firm was a friendlier environment and more gender mixed, but offered lower pay than the investment bank where she initially worked. Sabrina was n o t ultimately successful or happy in her second position either and she was disappointed with her compensation. She verified with management that her bonus was at the very bottom of the range and at that point she left the industry.

For associates and vice presidents in investment banking, managers' and coworkers' perceptions were especially critical since they did n o t usually originate their own deals. T h e y worked on deals as part of a team, and their managers and coworkers evaluated how well they performed. W h e n asked how the deals he had worked on had affected his bonus in investment banking, Neil said, It's really more of a focus on the review process here, in terms of what others say about you and basically it's Making the Team 73 72 Chapter 4 just the review process [that] dictates how well you do.

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Selling Women Short: Gender and Money on Wall Street by Louise Marie Roth


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