Jamie Fiore Higgins, a former employee, draws attention to some despicable behaviour at the bank
Save time by listening to our audio articles as you multitaskJamie Fiore Higgins, a former Goldman banker, is the latest to participate in the venerable American tradition of Goldman-bashing. In her memoir, “Bully Market: My Story of Money and Misogyny at Goldman Sachs”, Ms Higgins writes of her “perceptions and experiences as a high-ranking woman in finance”.
The book recounts some despicable behaviour. One of Ms Higgins’s colleagues threatened to rip her face off, after she removed him from an account for an affair with the client; two men made mooing noises as she went to express milk for her baby. The only partial consolation is that Ms Higgins thinks sexism and abuse are less rampant since the #MeToo movement.
It is all rather grim. Ms Higgins admits to having failed to support colleagues for fear it would damage her professional advancement . Longing to quit but staying for the money made her feel “dirty”, she writes. She worked hard, was promoted often and became a managing director. “Another 365 days of hardly seeing my family,” she sighs.Maxx, a retail chain store, enraged by the fact that other women at the bank have expensive clothes, designer handbags and even clear skin.
Goldman Sachs has said that it has a zero-policy tolerance for discrimination, and strongly disagrees with Ms Higgins’s anonymised allegations and description of its culture. The threats and abuse are unpleasant; in truth, though, the firm won’t be too bothered about the rest. Everyone knows the deal.
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The latest in a venerable American tradition: Goldman-bashingJamie Fiore Higgins, a former employee, draws attention to some despicable behaviour at the bank
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