More than a decade ago, multiple women at Goldman Sachs uncovered new accusations of how they had been discriminated against, sexually harassed and sexually assaulted over the years by male executives at the Wall Street giant.
explosive claims newly issued court documentsReleased on Thursday by lawyers representing nearly 1,400 plaintiffs who filed gender discrimination lawsuits in the class action, detail Immoral and criminal behavior of senior bankers in the firm.
A judge on Thursday set a hearing date for June 5, 2023, in the US Southern District of New York for the year-long case.
Documentation list At least 75 reported cases of sexual abuse seven criminal complaints as well as male executives alleging serious crimes, including rape, attempted rape, and sexual assault.
The company has also been accused of repeatedly warning executives. complaints from female subordinates.
Court documents claimed, “For example, a male manager took his female employee to an abandoned office floor and offered her sex.” The male manager then “called him separately and said he was masturbating to his voice.”
“He also insisted that other Goldman female employees come to his apartment, where he showed pictures of them in their underwear,” the complaint states.
lawyers internal complaints released Letters submitted to Goldman officials between 2000 and 2011, describing how a manager told a female subordinate, “With that touchy nature, you’ll be fine in bed.”
The lawsuit alleged that another Goldman executive told a female subordinate that he loved her and repeatedly made obscene comments and offers while on business trips.
According to court documents, the woman was quoted: “I was talking to this man who was promoted to Vice President… I told him how it bothered me to be touched by men and he was really supportive and gave me advice on what to do and next thing I know, his hand is on my ass! ”
A Goldman Sachs spokesperson told The Post: “Plaintiffs’ submissions of complaints do not reflect reality at Goldman Sachs. Many are twenty years old and selective, misrepresented and incomplete.”
The spokesperson added: “Discrimination, harassment and ill-treatment of any kind is unacceptable at Goldman Sachs and will take prompt action, including termination when detected.”
“Out of our respect for those concerned, we will not comment on individual complaints.”
Court documents continue to list other examples of unwanted touching. A male employee is said to have shown his co-workers a sex tape he made with an unidentified woman, who then “continued the rumor that the woman was a female co-worker”.
The lawsuit alleges there have been at least seven criminal complaints alleging sexual assault, attempted rape, or rape by male Goldman employees.
A female employee claimed she was drugged and raped by a male employee after a company baseball game.
The lawsuit also alleged that a male manager harassed, harassed and offered for sex a female subordinate during an orientation retreat.
After she refused his offers, she followed him to his room, tried to sleep with him, and did not leave him alone until he locked the door, as the case may be.
Court documents also claim that Goldman is “aware of these issues” and “tolerates managers who engage in gender stereotyping, sexual harassment and/or gender favouritism”.
One female employee claims that it is “generally known” that a “participating general manager” is “inappropriate for young women” and that “other women have had inappropriate experiences with them”. [him]”and that she was “afraid of being alone with him.”
The documents continue to list other alleged incidents, including an incident where the company simply gave a “verbal warning” to a male executive who was said to have groped his assistant.
Another male employee was released with a “strongly written written warning” after spreading sex tape rumors.
According to the lawyers representing the plaintiffs, “In fact, the perpetrators of sexual harassment were promoted or allowed to remain in senior management positions”.
Cristina Chen-Oster, one of three plaintiffs to file a lawsuit against Goldman, first made her allegations public in 2005.
The MIT graduate who rose to become vice president at Goldman claimed that a male co-worker pushed his hand off her blouse as she tried to push him against the wall.
Court documents claim that even after reporting the incident to the company, the attacker was promoted to general manager.
Other plaintiffs named in the lawsuit are Allison Gamba and Shanna Orlich.
Gamba claims he was passed for promotion despite setting a departmental record of $9.5 million as a trader for Goldman on the New York Stock Exchange and being promoted by less qualified male colleagues in rank and salary.
When he pulled his boss aside and asked if he had nominated him for the general manager role, he said his boss had told him, “I would have been a laughingstock if I had nominated you.”
Gamba: “I knew I wouldn’t be promoted anymore” He told Vox in 2019.
“My head was facing the glass ceiling.”
Orlich worked as a distressed loan trading partner at Goldman. She claimed her manager hired prostitutes “wearing short black skirts, strapless tops and Santa hats” for a holiday party.
Last month, Jamie Fiore Higgins, a former Goldman banker, investment bank’s Manhattan headquarters misogyny was so pervasive that a colleague of mine kept a spreadsheet that ranked women recruited by their “f-capabilities” and said: “I want a tit and an a-shape.”
Higgins, 46, of Somerset County, New Jersey. she said she was promoted “because of her vagina” by a male colleague and that she was the target of “moo” voices from coworkers who made fun of her weight after giving birth to her fourth child.
In another incident, he claims to have been slammed into the wall by a male colleague. [his hand] around my chin” and threatened him while suspended in midair.
He is the author of Higgins. “Bully Market: My Story of Money and Misogyny at Goldman Sachs” which is currently Amazon’s #1. 1 on the bestseller list in the “Financial Services Industry” category.
The investment bank told The Post: “Ms. Higgins forwarded these allegations to our human resources department as we will thoroughly investigate and take them seriously.”
“We have a zero-tolerance policy for discrimination or retaliation against employees who report misconduct.”
A Goldman spokesperson also noted that Higgins wrote in the “author’s note” section of the book that there were “compound characters referred to by Goldman Sachs individuals.”
