'Macho' Goldman Sued for Sex Discrimination

Firm's a raunchy boys' club, plaintiffs charge

By Rob Quinn,  Newser Staff

Posted Sep 16, 2010 3:46 AM CDT

(Newser) – Three former employees who say the macho culture at Goldman Sachs scuttled their careers have launched a lawsuit against the bank and urged others to join them. The women's suit describes a testosterone-driven corporate culture of strip clubs, groping, boys-only golf outings, and macho displays like push-up contests on the trading floor, the Guardian reports.

One plaintiff says her career hit a brick wall after she complained about a colleague—who was later promoted over her—groping her after a company-sponsored outing to a topless bar. The suit, which is seeking class-action status, alleges that women are excluded from the best jobs at Goldman, and are denied perks like prime positions in trading rooms. Goldman says the suit is without merit.

Traders work in the Goldman Sachs booth on the floor of the New York Stock Exchange, described as a hotbed of sexism by the plaintiffs.
Traders work in the Goldman Sachs booth on the floor of the New York Stock Exchange, described as a hotbed of sexism by the plaintiffs.   (AP Photo/Richard Drew)
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Goldman Sachs has intentionally implemented these company-wide policies and practices in order to pay their male employees more money than their female counterparts, and to promote them more frequently. - Lawsuit against Goldman Sachs

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