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Abstract

Merrill Lynch, one of the largest financial institutions in the world, is maligned with accusations of gender discrimination. The company had to pay millions of dollars in compensation for these claims. By June 2004, it was confronted with two major sexual discrimination claims that may result in payouts of a few million dollars each. These cases seriously questioned the kind of culture in the company as well as the process of claim-resolution. It also caused the company to change some of its policies to curb any further discrimination in the future. This case gives a description of several cases of discrimination, victimisation and unequal treatment meted out to female employees at Merill Lynch over the last few years. It examines the class-action suits that were raised by over 900 of its employees and the entire process of handling the dispute. A structured assignment ''704-055-4'' is available to accompany this case.
Location:
Industry:
Other setting(s):
2004

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Abstract

Merrill Lynch, one of the largest financial institutions in the world, is maligned with accusations of gender discrimination. The company had to pay millions of dollars in compensation for these claims. By June 2004, it was confronted with two major sexual discrimination claims that may result in payouts of a few million dollars each. These cases seriously questioned the kind of culture in the company as well as the process of claim-resolution. It also caused the company to change some of its policies to curb any further discrimination in the future. This case gives a description of several cases of discrimination, victimisation and unequal treatment meted out to female employees at Merill Lynch over the last few years. It examines the class-action suits that were raised by over 900 of its employees and the entire process of handling the dispute. A structured assignment ''704-055-4'' is available to accompany this case.

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Location:
Industry:
Other setting(s):
2004

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