Thursday, July 08, 2004

Morgan Stanley and The Women

July 8, 2004, NEW YORK -- Does Morgan Stanley have a women problem, or does Allison Schieffelin have a Morgan Stanley problem? That will be the question for a Manhattan federal jury as the United States government begins its case on behalf of hundreds of Morgan Stanley's female executives who claim they were treated unequally.

Jury selection in the case was to have begun this morning. But that has been delayed until Friday, with opening arguments set for Monday. There was no indication of whether Morgan Stanley (nyse: MWD - news - people ) and Schieffelin were in talks to settle the case, which has been the practice for similar suits.

The Equal Employment Opportunity Commission (EEOC), a U.S. government agency, filed its case on Sept. 10, 2001, which included Schieffelin, a bond trader who once earned more than $1 million a year, and more than 100 other mistreated individuals. The agency says there are 300 or more women who were treated badly, or at least less royally, than the men at the next station.

To read one of Dan Ackman’s first articles on this issue, visit Forbes:

No comments: