Despite historic pay discrimination settlement, little has changed for women on Wall Street
The $215 million deal made headlines, but the industry pay gap persists, along with new cases of sexual harassment.
By Susan Antilla for Capital & Main
Seven months after a historic settlement between Goldman Sachs and a group of women who sued the financial giant for pay discrimination, not much seems to have changed on Wall Street. As part of the $215 million deal, approved on Nov. 7 by U.S. District Court Judge Analisa Torres, the firm will pay about 2,800 women who worked in Goldman’s investment banking, investment management, and securities divisions from as early as 2002 to 2023.
“My goal in this case has always been to support strong women on Wall Street. I am proud that the result we achieved here will advance gender equity,” plaintiff Allison Gamba said in a prepared statement.