Dozens of women who worked at Goldman Sachs more than a decade ago have come forward with new allegations about how they were discriminated against, sexually harassed and assaulted by male executives of the Wall Street giant for years.
Explosive allegations in newly unredacted court documents, released Thursday by attorneys representing about 1,400 plaintiffs who have filed gender discrimination lawsuits, detail egregious and criminal behavior by the firm’s top bankers.
A judge on Thursday set a June 5, 2023 trial date in the US Southern District of New York for the multi-year lawsuit.
The documents list at least 75 reported cases of sexual misconduct by male executives, as well as seven criminal complaints of serious offenses including sexual assault, attempted sexual assault and sexual assault.
The company was also accused of dismissing managers with warnings despite frequent complaints from female subordinates.
“For example, a male manager took his female employee to an abandoned office floor and propositioned her for sex,” court documents allege. The male manager then “called her separately and said he was masturbating to her voice.”
“He also insisted on coming to her apartment, where he showed her photographs he had taken of other female Goldman employees in their underwear,” the complaint states.
Attorneys released internal complaints filed with Goldman officials between 2000 and 2011 detailing how an executive told a female subordinate that “with that violent nature, you’re good in bed.”
The lawsuit alleges that another Goldman executive told a female subordinate that he loved her, and repeatedly made sexual comments and suggestions during business trips.
According to court documents, the woman said: “I was talking to this guy who had just been promoted to deputy… I told him how it bothered me that guys were touching me and “He was really supportive and helpful. Advice on what to do, and the next thing I know, he’s got his hand on my ass!”
A Goldman Sachs spokeswoman told The Post: “The plaintiffs’ presentation of complaints does not reflect reality at Goldman Sachs. “Many of them are two decades old and are presented selectively, inaccurately and incompletely.”
The spokesperson added: “Discrimination, harassment and mistreatment of any kind is unacceptable at Goldman Sachs and prompt action will be taken, including termination, if identified.”
“Out of respect for those involved, we do not comment on individual complaints.”
Court documents go on to list other instances of unwanted touching. A male employee allegedly showed co-workers a sex tape he made with an unidentified woman and then “perpetuated rumors that the woman was a female co-worker.”
The complaint alleges that at least seven criminal complaints have been filed alleging sexual assault, attempted sexual assault, or sexual assault by male Goldman employees.
A female employee alleged that she was sexually assaulted and assaulted by a male employee after a company baseball game.
The complaint also alleged that a male manager sexually harassed, groped and propositioned a female subordinate during an orientation retreat.
After she rejects his advances, he follows her into her room, tries to get into bed with her, and won’t leave her alone until she can lock the door.
The court documents also allege that Goldman is “aware of these problems” and “tolerates managers who engage in gender stereotyping, sexual harassment and/or gender favoritism.”
A female employee claims that it is “widely known” that the “participating CEO” is “inappropriate towards young women” and that “other women have had inappropriate experiences with [him]”, and that he is “terrified of being alone with her.”
The documents go on to point to other cases, including an incident in which the company issued only a “verbal warning” to a male manager who allegedly harassed an assistant.
Another man in the relationship was hit with a “severe written warning” after it was rumored he had shared a sex tape.
According to the plaintiffs’ lawyers, “in fact, the perpetrators of sexual harassment have been promoted to senior management positions or allowed to remain in management positions.”
Christina Chen Oster, one of the three named plaintiffs who filed a lawsuit against Goldman, first went public with her allegations in 2005.
The MIT graduate, who was promoted to vice president at Goldman, alleged that a male colleague pinned her against a wall and pulled her hand down as he tried to force himself up her blouse.
Even after the incident was reported to the company, her assailant was promoted to CEO, court documents show.
Other plaintiffs in the case are Alison Gamba and Shana Orlich.
Gamba alleges that despite making a record $9.5 million as a trader for Goldman on the New York Stock Exchange, she was passed over for promotion, while less qualified male colleagues were promoted in rank and pay.
When he pulled his boss aside and asked if he had nominated him for the CEO role, he said, “I’d be a laughing stock if I nominated you.”
“I just knew I wasn’t going to get promoted,” Gamba told Vox in 2019.
“My head was on the glass ceiling.”
Orlich worked at Goldman as a partner trading distressed credit. She claimed that her manager had hired prostitutes in short black skirts, strapless tops and Santa hats for a holiday party.
Last month, ex-Goldman banker Jamie Fiore Higgins published a memoir in which he claimed the investment bank’s Manhattan headquarters was so rife with misogyny that a colleague created a spreadsheet to rank female recruits. The item “f-kability” held them and declared: “I want a girl. Size and shape a.
Higgins, 46, of Somerset County, New Jersey, writes that a male co-worker told her she was promoted “because of her vagina” and that she was the target of “hair” calls from co-workers who teased her about her weight. . She gave birth to her fourth child.
On another occasion, she claims, she was violently pinned to a wall by a male colleague who was “twisted”. [his hand] around my jaw” and threatened him while hovering in the air.
Higgins is the author of Bully Market: My Story of Money and Misogyny at Goldman Sachs, currently an Amazon Bestseller in the Financial Services Industry category.
The investment bank provided a statement to The Post saying, “Had Ms. Higgins raised these allegations with our human resources department at the time, we would have investigated them thoroughly and taken them seriously. »
We have a zero-tolerance policy for discrimination or retaliation against employees who report violations.”
The Goldman spokesperson also noted that Higgins writes in the book’s “Author’s Note” that “the Goldman Sachs individuals referred to are mixed characters.”