The end of the boom-boom room
Awareness of the risks associated with sexual harassment and discrimination at financial services companies in the US and the UK is increasing as the awards the courts are paying rise. Duncan Wood examines the frameworks that firms are putting in place to manage and mitigate the legal, regulatory and reputational risks involved
When
Pamela Martens and two colleagues filed a lawsuit against their employer, Smith Barney, in May 1996, alleging widespread sexual discrimination, it sparked an explosion of interest in the problems facing women who worked in the male-dominated world of investment banking.The macho environment at the New York branch office where Martens worked for 10 years was exemplified by the 'boom-boom room
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