Smith-Barney: Merchant of Shame

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Smith Barney

More Information:

NOW Issues Reaffirmation of Support for Proposed Smith Barney Settlement (4/98)

Statement of NOW President Patricia Ireland On Proposed Smith-Barney Settlement (11/97)

NOW Chapters Refuse to Yield to Corporate Pressure, Plan Day of Pickets at Smith Barney Branches in Key Cities (3/97)

NOW Targets Smith Barney as First "Merchant of Shame;" Calls All Employers to Take Women-Friendly Workplace Pledge (3/97)

Before You Ask Smith Barney to Manage Your Assets, Listen to These Sexual Harassment and Sex Discrimination Allegations

26 women have filed a class action suit in federal court claiming sexual harassment and sex discrimination at Smith Barney.

No more than 13% of the company's 11,000 brokers are women.* Attorneys for the women plaintiffs allege only 5% of the firm's brokers are women.

Only 8 of 390 Smith Barney branch managers are women.*

Attorneys for the women say they have received complaints about Smith Barney from as many as 100 women.

Branch Office Complaints from Coast to Coast:

Garden City, N.Y. — A former branch manager allegedly brandished a gun and used vulgar sexist slurs. The same manager has been accused of furnishing a "Boom Boom Room" where he served male brokers bloody marys and they joked about sexual harassment complaints.
Richmond, Va. — Women workers charge that a branch manager told women workers at a Christmas party he would pay them $100 if they took off their shirts.
Knoxville, Tenn. — Allegedly, a branch manager would say of women in the office that "she needs a good (expletive) and I can give it to her."
Kansas City, Mo. — A woman claims that her branch manager failed to direct accounts from departing brokers to her, while routinely giving such accounts to younger, less experienced male brokers.
Seattle, Wash. — A woman states that she found her job was cut when she returned from maternity leave.

You Can Help!

Tell Smith Barney that sexual harassment and sex discrimination are bad for business!

Jamie Dimon, CEO Smith Barney
388 Greenwich Street
New York, NY 10013
212-816-8800

Join NOW's Women-Friendly Workplace Campaign. Please sign our Consumer's Pledge.

* According to a Smith Barney spokesperson as reported in the Washington Post.

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