women could speak from the Pence effect, the example of the US Vice-President, following, which he with any woman alone, away eat, except it be their own. However, the #MeToo movement in the U.S. banking industry is much deeper than the Worries of a Mike Pence. Even if the Wallstreet has had a huge scandal in Hollywood with her star producers, Harvey Weinstein, so the banks do, however, very difficult to change their corporate culture.

The fear of lawsuits for sexual harassment sits so deep, that women are seen as a process risk and discriminated against. “We are experiencing a significant setback. Women are desperately looking for solutions, because your career opportunities will be significantly affected,” says Karen Elinski, President of the Financial Women’s Association and Vice-President of the Bank Wells Fargo.

The counter-reaction to the #MeToo movement had adopted a little paranoid, says David Bahnsen, Ex-bankers from Morgan Stanley and now a self-employed financial Advisor. “Men, it appears as if you have to walk on eggshells.” Many of them were afraid to make in dealing with women is something wrong, and to be in a process involved, says the banks active labor attorney Stephan branch. But they fell in a trap. “If men do not travel together with the women or cease to be their mentors, because they fear a lawsuit for sexual harassment, so they run in a lawsuit for sexual discrimination.” In this case, the appropriate behavior would be easy, says Ron Biscardi, Manager of Context Capital Partners. “Just be an asshole.”

Topbanken in men hand

But the macho culture of “greed is good”Era 30 years ago is not quite gone. Open and blatant sexual attacks had become rare, says Sallie Krawcheck. It was as Head of wealth management of Citigroup, one of the most successful Bank, before she had to leave because of differences of opinion on the compensation of injured clients. “Wall street has remained on the meritocracy of the previous years hang. But who today believes in earnest that the best people in our industry are white men?”

In the financial sector have been achieved in the last decade, no progress. All Topbanken be led by men. Women occupy positions in the investment houses just under 17 per cent of the Squad in the hedge Fund, and only 11 percent.

And still report far more women of a sexist environment, which hinder their career opportunities. A survey of Linkedin and CNBC, for example, shows that 28 per cent of women have experienced in the Finance industry sexual harassment and discrimination, nearly twice as many as men (16 percent).

“men can be more easily fired”

The excessive caution of men has, meanwhile, achieved partly bizarre shapes. Individual refuse to rise with women in the same plane or book a hotel room on the same floor. They reject the talks, if not, a third person is present, and the room must be visible from the outside. A private banker follows the advice of his wife, and agreed no business eating more with women under the age of 35. You are obviously too great a temptation.

And just create new problems, said the business consultant Melanie Katzman. “If a man does not want to talk behind closed doors, he closes a woman, inevitably, of important information. But in the company only, who has access and information.” The #MeToo movement could thus control unwanted sexual discrimination in a subtle way in a new direction, writes Maureen Sherry, 20 years ago, the recent Director of the investment Bank Bear Stearns. Although it is realized that women, even before the #MeToo-movement of heavy, to be set. Today you’ll needed just a new excuse: “I hear now that men create less drama and easier to get fired.”

Many hurdles for women

Completely innocent in the reaction against the movement, writes Katherine Tarbox, who has shown her experience as a victim of sexual abuse in a Bestseller. “Although the fear of irrational women is exaggerated, crucial differences between the rape, the Grabbing and bound approach have been blurred trying to be strong. Men, send a cheeky E-Mail, are dealt with in the social media as bad as Criminals, like rapists.”

This development was primarily for the financial services industry is disturbing, Tarbox, who aspires to a career on wall street. “My concern is that women are still pushed silently to the side and her way into the same obstacles as for my mother 40 years ago.”

(editing Tamedia)

Created: 13.12.2018, 21:41 PM