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Goldman Paid $12mn to Settle Sexism Complaint

Goldman Paid $12mn to Settle Sexism Complaint

by Starling Insights

Starling Insights Editorial Board

Nov 18, 2022

Observations

Bloomberg recently reported that, in 2020, Goldman Sachs agreed to a more than $12 million settlement with a partner who had accused several executives, including CEO David Solomon, of making misogynistic comments.

According to people familiar with the matter, the Wall Street bank settled with the partner before she left the company in an effort to keep the allegations quiet. Goldman Sachs' General Counsel, Kathryn Ruemmler, disputed Bloomberg's report, claiming it contained factual inaccuracies. However, the bank declined to comment on the errors to which Ruemmler referred.

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