Bloomberg Businessweek

Silence on Wall Street

Finance hasn’t had its #MeToo moment. Women say the culture of banking and a web of legal agreements keep harassment hidden

Three women who’ve had long careers in banking sat down for lunch together in Manhattan on the first Wednesday of the year. It didn’t take long before they asked one another the question: Why hasn’t the Harvey Weinstein effect hit finance?

After the movie mogul was accused last October of sexual harassment and assault, powerful men have been pushed out of jobs in the media, the arts, politics, academia, and the restaurant business because women spoke up to allege egregious behavior. Something is different on Wall Street. While the #MeToo movement spreads far and wide, these

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek2 min read
Another Industrial Giant May Break Up
What do garbage disposals have in common with factory automation tools? Not much, but Emerson Electric Co. will gladly sell you both, at least for now. Chief Executive Officer David Farr announced at the beginning of October that the company would c
Bloomberg Businessweek3 min read
Wealth Managers in China Stir Up Risk
Analysts on the lookout for China’s next financial shock are training their sights on the least regulated corner of the nation’s sprawling “shadow banking” system. Their concern centers on independent wealth managers, which have expanded rapidly in
Bloomberg Businessweek4 min read
A Recession Like No Other
• Federal Reserve rate cuts may not be enough to head off a downturn caused by a crisis of business confidence