And now, for your Fearless Girl Update:
The bank behind Fearless Girl agrees to settle after allegations it discriminated against hundreds of female execs https://t.co/loEKgRV39y pic.twitter.com/ouwRzk2d16
— Bloomberg (@business) October 5, 2017
State Street will pay $5 million to more than 300 women https://t.co/loEKgRV39y
— Bloomberg (@business) October 5, 2017
More often than not, State Street has voted against gender pay shareholder proposals https://t.co/2Glwv0v1xs pic.twitter.com/YUfMGVTo2L
— Bloomberg (@business) October 5, 2017
Oh, this is just too good:
State Street Corp., the $2.6 trillion asset manager that installed the Fearless Girl statue on Wall Street, agreed to settle U.S. allegations that it discriminated against hundreds of female executives by paying them less than male colleagues.
The custody bank will pay $5 million to more than 300 women, following a U.S. Department of Labor audit that uncovered the alleged discrepancies, according to a settlement agreement disclosed Wednesday.The Labor Department alleged that women in senior leadership positions at Boston-based State Street received lower base salaries, bonus pay and total compensation since at least December 2010. The company said it has cooperated fully with the agency and that it disagreed with the findings of the audit, which was done in 2012.
I raised this issue in March:https://t.co/RrW7yBygdr
— Jeryl Bier (@JerylBier) October 5, 2017
Rough day for wokeness. https://t.co/ij3EhshXhj
— Stephen Miller (@redsteeze) October 5, 2017
So problematic, you guys.
I'm shocked that a bank's publicity stunt turned out to be a bunch of horseshit.
— Jon (@Mr_Toots) October 5, 2017
https://twitter.com/KC11A18A/status/916022707518623744
— Comfortably Smug (@ComfortablySmug) October 5, 2017
Mmm… schadenfreudeliciousness
— Attila the Honeybun, Emperor of the Catriarchy (@TimMansplainsIt) October 5, 2017
https://twitter.com/RobProvince/status/916044697075888129
Lmao. You can't make this stuff up
— DJ Thompson (@Vol__Trader) October 5, 2017
https://twitter.com/NoahCRothman/status/916043679797792769
Oh well. At least it’s not all bad news for State Street:
https://twitter.com/BecketAdams/status/916028382403547136
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