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Goldman needs to step up to be the #MeToo leader in finance

By Quartz Membership

Jacki Zehner started working at Goldman Sachs in 1988. Eight years later, she was the first female trader to be made partner at the firm (back when it was still a partnership). Since leaving Goldman in 2002, she has remained in the financial sector, most notably as an advocate for gender equality and the advancementRead full story

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  • I started my career at Goldman and witnessed the firm navigate the financial crisis and ensuing regulatory shitshow, and as much as I agree with what Zehner lays out, I highly doubt this will happen (which is largely why I left the firm when I did.)

    This won’t happen for two primary reasons, which plague not only Goldman, but leading firms across all industries:

    1/ Goldman has always promoted “diversity” and “culture” on its surface, which effectively lulls everyone into a false sense of advocacy

    I started my career at Goldman and witnessed the firm navigate the financial crisis and ensuing regulatory shitshow, and as much as I agree with what Zehner lays out, I highly doubt this will happen (which is largely why I left the firm when I did.)

    This won’t happen for two primary reasons, which plague not only Goldman, but leading firms across all industries:

    1/ Goldman has always promoted “diversity” and “culture” on its surface, which effectively lulls everyone into a false sense of advocacy. This veneer of action makes anyone who speaks up look like they aren’t trying hard enough to get involved, or are ungrateful for the opportunities that already exist to “make a difference”. It’s a form of cultural gaslighting that makes it much easier for those affected to quit rather than fight to make a difference.

    2/ Goldman is still wildly profitable and successful, in spite of their setbacks over the years. If it ain’t broke, don’t fix it. For all of its faults, their culture produces results and that’s all that really matters.

  • Patrick deHahn
    Patrick deHahnNews curator at Quartz

    A very honest and open conversation on diversity and Goldman Sachs, as well as the rest of the finance sector: "It doesn’t seem like, numbers-wise, much has changed at Goldman, or frankly any other financial services firm, in almost 20 years, which is really a shame."

    However, Jacki Zehner is hopeful for change, "I would hope Goldman would want to be a leader in this space, as they’ve been a leader in other spaces."

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