Sex Discrimination on Wall Street

Paper Summary:

The paper reveals that Wall Street companies are infamous for their differentiated treatment of women, an example being the Morgan Stanley employee who was fired after 25 years of hard work. The paper discusses how employers may discriminate in the interests of cost efficiency but they may end up absorbing more losses from settling lawsuits and repairing a damaged reputation. The paper therefore shows how discrimination has negative implications for both employee and employer and highlights the importance of diversity in an organization's success.

Outline:
Abstract
Sex Discrimination and Cost Efficiency
The Non-Inclusive Organization
Diversity as a Force of Change
Conclusions

From the Paper:

"As society continues to grow and evolve, so do the negative aspects of every day life. The business community is becoming a more and more common target of various lawsuits due to the improper treatment of their staff. Such situations mostly occur based on the unequal treatment of genders, basically the unfair treatment applied to women, situations with often materialize in sexual discrimination lawsuits. "Under the 1975 Sex Discrimination Act it's unlawful for an employer to discriminate against you because of your sex or because you are married. It's also unlawful to discriminate against you because you've had, are having or intend to have, gender reassignment. This means someone, supervised by a doctor, who changes their gender." Lawsuits based on sex discrimination are becoming increasingly common within the entire business community, but the Wall Street companies are extremely infamous for their differentiated treatment of women."

Sample of Sources Used:

• Green, K.A., Lopez, M., Wysocki, A., Kepner, K., Diversity in the Workplace: Benefits, Challenges and the Required Managerial Tools, University of Florida, http://edis.ifas.ufl.edu/HR022 last accessed on May 7, 2008
• Hagan, J., Only the Men Survive, New York Media Holdings, April 27, 2008, http://nymag.com/news/business/46476/ last accessed on May 7, 2008
• Morgan Stanley Sex Discrimination Case Settled for $46 Million, Brayton Purcell LLP, 2002-2008, http://www.braytonlaw.com/news/legalnews/050407_morganstanley.htm last accessed on May 7, 2008
• Sex Discrimination and Equal Pay, Direct Gov, 2008, http://www.direct.gov.uk/en/Employment/Employees/DiscriminationAtWork/DG_10026665 last accessed on May 7, 2008

More papers on Sex Discrimination on Wall Street:

• Book Review # 94582 : "'Greed and Glory on Wall Street'"
• Analytical Essay # 57785 : "Greed and Glory on Wall Street"
• Term Paper # 130185 : "Wall Street Culture of Risk"

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