- A Goldman Sachs chief executive who resigned in 2016 wrote an eye-opener covered by the Financial Times.
- The FT says the book, “Bully Market”, contains dozens of allegations of inappropriate behavior.
- The author allegedly said that co-workers once placed a toy cow on her desk while she was using the lactation area.
A former longtime Goldman Sachs employee said her male colleagues made cow noises and imitated her squeezing her breasts when she went to use a lactation room at work, according to the FinancialTimes.
Jamie Fiore Higgins, who worked at Goldman Sachs for 17 years until 2016, has published a book called “bullying marketabout his experience at investment banking, with details from the book shared in the Financial Times.
Although she rose to a senior position as chief executive of the bank, she says she faced discrimination from her colleagues, the Financial Times reported.
Among the allegations, one of the bank’s bosses allegedly told her that she would never reach the chief executive if “she was pumping milk instead of working”. Higgins said that comment prompted her to stop using the company’s lactation center, where staff members can express their breast milk at work.
Higgins wrote that after having another baby, she decided to use the lactation zone again, but her male colleagues made “mooing” noises and imitated squeezing her breasts as she lay went into the bedroom, according to the FT. One day, when she returned from the lactation center, colleagues had put a toy cow on her desk, she added.
These are just some of the many claims Higgins allegedly made in ‘Bully Market’, including an allegation that a male colleague avoided reprimand after shouting racial slurs at a bar worker at a party. of work.
The Financial Times said the book contains an author’s note stating that the dialogue is not repeated verbatim as it happened, that some names have been changed and that some Goldman staff were “composite characters”.
Higgins told the Financial Times in an interview that she had received more than 100 messages from women in banking, law and medicine who said they had experienced similar things in the workplace, but many were remained silent due to non-disclosure agreements.
She also told the publication that Goldman’s culture may have changed since she was there, saying “it’s probably not as bad as before.”
Goldman Sachs and Higgins did not immediately respond to Insider’s requests for comment on the allegations. The bank, however, pushed back to the Financial Times for Higgins’ description of the corporate culture.
“Had Ms. Higgins raised these allegations with our human resources department at the time, we would have investigated them thoroughly and dealt with them seriously,” Goldman Sachs told the Financial Times.
“We have a zero tolerance policy for discrimination or retaliation against employees who report misconduct.”