Who'da THUNK it? #MeToo movement does FAR more harm than good for women on Wall Street, here's why

The #MeToo movement has ‘spooked’ men on Wall Street who don’t want to put themselves in any sort of situation that might get them accused of sexual harassment or assault which some are calling the #PenceEffect. In protecting themselves, men are avoiding contact with women in one-on-one situations which could ultimately be working against women being more successful on Wall Street.

Call it the #PenceEffect. Men on Wall Street are spooked by #MeToo & many have adopted a rule that’s icing women out https://t.co/G15cGNl40h w/ @KatiaPorzo via @business

— Gillian Tan (@GillianTan) December 3, 2018

From Bloomberg:

Now, more than a year into the #MeToo movement — with its devastating revelations of harassment and abuse in Hollywood, Silicon Valley and beyond — Wall Street risks becoming more of a boy’s club, rather than less of one.

“Women are grasping for ideas on how to deal with it, because it is affecting our careers,” said Karen Elinski, president of the Financial Women’s Association and a senior vice president at Wells Fargo & Co. “It’s a real loss.”

There’s a danger, too, for companies that fail to squash the isolating backlash and don’t take steps to have top managers be open about the issue and make it safe for everyone to discuss it, said Stephen Zweig, an employment attorney with FordHarrison.

“If men avoid working or traveling with women alone, or stop mentoring women for fear of being accused of sexual harassment,” he said, “those men are going to back out of a sexual harassment complaint and right into a sex discrimination complaint.”

They're afraid of being falsely accused or being mis interpreted, not of having to act right. that's whats causing the issue, once accused it's not something that can be undone, true or not. On both sides its a couple bad apples that spoil the lot. 🙁 It's a sad state of affairs

— 2Bagelz (@couch_sex) December 3, 2018

That. ^