The lobby of JPMorgan headquarters is photographed through its front doors in New York May 11, 2012. Stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower. REUTERS/Eduardo Munoz (UNITED STATES - Tags: BUSINESS TPX IMAGES OF THE DAY)

A father fighting for more parental leave is accusing JPMorgan Chase of discrimination

16 weeks

JPMorgan Chase would only give a father a paid parental leave of 16 weeks, up from two weeks, if he managed to prove that his wife was working or unable to care for their child.

Published   |  Photo by REUTERS/Eduardo Munoz
The lobby of JPMorgan headquarters is photographed through its front doors in New York May 11, 2012. Stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower. REUTERS/Eduardo Munoz (UNITED STATES - Tags: BUSINESS TPX IMAGES OF THE DAY)
16 weeks

Derek Rotondo, an employee in Ohio, has accused the bank of discrimination. He is filing a complaint with the Equal Employment Opportunity Commission.

The lobby of JPMorgan headquarters is photographed through its front doors in New York May 11, 2012. Stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower. REUTERS/Eduardo Munoz (UNITED STATES - Tags: BUSINESS TPX IMAGES OF THE DAY)
16 weeks

In early June, when Rotondo asked for a longer leave, the bank allegedly said that mothers are presumed to be the main caregivers, and that he had to prove that was not the case.

The lobby of JPMorgan headquarters is photographed through its front doors in New York May 11, 2012. Stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower. REUTERS/Eduardo Munoz (UNITED STATES - Tags: BUSINESS TPX IMAGES OF THE DAY)
16 weeks

That imbalance is seen in other companies. Out of the 44 biggest US firms, 15 provide either no parental leave for fathers or less than the period offered to mothers. Only 10 offer equal leave.

The lobby of JPMorgan headquarters is photographed through its front doors in New York May 11, 2012. Stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower. REUTERS/Eduardo Munoz (UNITED STATES - Tags: BUSINESS TPX IMAGES OF THE DAY)
16 weeks

Out of 35 OECD countries, eight don’t guarantee paid leave for fathers, including the US. Also, the US is the only country out of the 35 that doesn’t guarantee paid leave for mothers.

The lobby of JPMorgan headquarters is photographed through its front doors in New York May 11, 2012. Stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower. REUTERS/Eduardo Munoz (UNITED STATES - Tags: BUSINESS TPX IMAGES OF THE DAY)
16 weeks

Longest paid leave guaranteed to fathers among the 35 OECD countries

Published

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