More than a decade ago, hundreds of millions of women working at Goldman Sachs exposed new allegations of discrimination, sexual harassment and sexual harassment by male managers of the Wall Street giant over the years.
explosive charges in new uncertified court documentsReleased Thursday by lawyers representing some 1,400 plaintiffs, who have filed a class-action sex discrimination lawsuit by senior bankers at the firm, detail lewd and criminal behavior.
A judge on Thursday set June 5, 2023 a hearing date for the years-long trial in the US Southern District of New York.
The documents list at least 75 counts of sexual misconduct by male managers, as well as seven criminal complaints alleging serious offenses including rape, attempt to rape and sexual assault.
The company was also accused of warning managers, despite repeated complaints from female subordinates.
“For example, a male manager took his female employee to an abandoned office floor and proposed to her for sex,” the court papers allege. The male manager then “called her separately and said he was masturbating to the sound of her voice.”
“She also insisted that he come to her apartment, where he showed her photos she had taken in the lingerie of other Goldman female employees,” the complaint said.
attorney ongoing internal complaints which were presented to Goldman executives between the years 2000 and 2011, describing how a manager told a female subordinate that “with that spirited nature, you’d be good in bed.”
Another Goldman manager told a female subordinate that he loved her, and during his business trips repeatedly made sexually obscene comments and proposals, the suit claims.
According to court papers, the woman was quoted as saying: “I was talking to this guy who has just been promoted to VP… advice on what to do, and what to do next. For what I know, he has his hand on my ass too!”
A spokesperson for Goldman Sachs told The Post: “Plaintiffs’ submissions of complaints do not reflect the reality of Goldman Sachs. Many are two decades old and selective, misrepresented and incomplete.”
The spokesperson said: “Discrimination, harassment and abuse in any form is unacceptable at Goldman Sachs, and when identified, prompt action is taken, including termination.”
“In honor of the individuals involved, we are not going to comment on individual complaints.”
Court documents go on to list other examples of unwanted touching. A male employee is said to have shown coworkers a sex tape made with an unidentified woman and then “spread the rumor that the woman was a female co-worker.”
The suit claims that there were at least seven criminal complaints filed by male Goldman employees alleging sexual assault, attempted rape or rape.
A female employee alleged that a male employee drugged and raped her after the company’s baseball game.
The suit also alleged that a male manager harassed, groped and proposed to a female subordinate for sex during an orientation retreat.
When she turned him down, he followed her into her room, tried to go to bed with her, and did not leave her alone until she closed the door, as suit.
The court documents also allege that Goldman is “aware of these problems” and that it tolerates “managers who engage in gender stereotypes, sexual harassment and/or gender bias.”
A female employee alleges that it is “widely known” that the “managing director who participated” was “inappropriate towards young women” and that “other women have had inappropriate experiences.” [him],” and that she is “afraid to be with him alone.”
The documents go on to list other alleged incidents, in which a company offered only a “verbal warning” to a male manager who is said to have groped his assistant.
Another man was let off with a “strongly written warning” after rumors of a sex tape spread.
“Indeed, perpetrators of sexual assault have been promoted or allowed to hold senior managerial positions,” according to lawyers representing the plaintiffs.
Goldman, one of three named plaintiffs who filed legal action against Christina Chen-Oster, first went public with her allegations in 2005.
Goldman, an MIT grad who rose to become vice president, alleged that a male coworker pinned her against a wall and lowered his hand to her blouse while trying to force her on.
Court papers alleged that even after the company reported the incident, its attacker was promoted to managing director.
The other named plaintiffs in the case are Allison Gamba and Shanna Orlich.
Gamba alleges that despite making a department record of $9.5 million as a trader for Goldman on the New York Stock Exchange, he was passed over for promotion, while less qualified male colleagues were elevated in rank and pay.
When she pulled her boss aside and asked her if he had nominated her for the role of managing director, she said he told her: “If I had nominated you I would have been a laughingstock.”
“I just knew I wasn’t going to be promoted anymore,” Gamba told Vox in 2019.
“My head was on top of the glass ceiling.”
Orlich worked as an associate at Goldman, which traded distressed credits. She alleged that her manager had hired prostitutes “wearing short black skirts, strapless tops and Santa hats” for the holiday party.
Last month, Jamie Fiore Higgins, a former Goldman banker, released a memoir alleging that the investment bank’s Manhattan headquarters was so rife with misogyny that an associate posted a spreadsheet ranking female recruits on their “F-ability”. Laid, declaring: “I want the title Shape and One-Size.”
Higgins, 46, of Somerset County, New Jersey, writes that she was told by a male colleague that she was promoted “because of her vagina” and that she was the target of “moo” sounds from coworkers who made fun of her weight. She gave birth to her fourth child.
On another occasion, she alleged, she was violently pinned to a wall by a male colleague, who “wrapped” [his hand] around my jaw” and threatened him while he was suspended in the middle.
Higgins is the author of “The Bully Market: My Story of Money and Misogyny at Goldman Sachs,” which is currently Amazon’s #1 bestseller in the “Financial Services Industry” category.
The investment bank provided a statement to The Post that read: “If Ms. Higgins had taken up these allegations with our Human Resources Department at a time when we would have thoroughly investigated them and addressed them more seriously.”
“We have a zero-tolerance policy for discrimination or retaliation against employees who report misconduct.”
A Goldman spokesperson also pointed out that Higgins wrote in the “Author’s Note” portion of the book that “references to Goldman Sachs individuals are mixed characters.”