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Business Ethics: Lawsuit To Goldman Sachs For Discrimination

September 15th, 2010 by alexandernguyen

As to think that both men and women are now equal in this world, there are still discrimination problems happening in the workforce all the time. Just a few days ago Goldman Sachs was sued by 3 former-employees (all females)  for discriminating against women in their company. They said that Goldman allowed their male managers more freedom to do what they like – “unchecked discretion” – such as assigning accounts and responsibilities to their employees, and also deciding who gets administrative support and training. On top of that, the complaints said that the company intentionally had companies policies/practices to promote males and pay them higher than women. – source

I think this is an ethical issue in that we should no longer accept any discrimination in the workforce or flat out anywhere; especially in the business world where gender should not matter, but rather the idea and leadership of individuals count. Men and women are supposedly considered to be equal, however within the Goldman Sachs the majority of all business positions are male; only 14% of partners, 17% of managing directors and 29% of vice-presidents are women. To me that isn’t even close to being 1/3 of the entire company!

*192 words*

– Alexander

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  • 1 dexterlee Sep 16, 2010 at 7:54 pm

    Interesting article. I agree on your points about men and women being equal.