The book I found is called Selling Women Short: Gender Inequality on Wall Street
by Louise Marie Roth. The books chapters cover topics on gender differences in compensation, the impact of client relationships, workplace culture and women who have become succesful in the industry. After a series of high-profile discrimination lawsuits in 1990, Wall Street was supposed to have improved conditions for women. However as Roth shows in her book, it does not look like that has been the case.
In her book Roth compares the careers of men and women who started on Wall Street in the 1990s. She finds that not only do women earn on average 29 percent less than men, but they also have less lucrative career paths, fewer promotions and don’t get access to the best clients. In the book Roth looks at some of the unconscious biases of managers, coworkers and clients. These biases directly impact bonus compensation which is supposed to be based on performance. However the relationship between the two is questionable because there are other factors that clearly influence bonuses. The evaluation of performance is done mostly through manager and peer evaluations however these evaluations are subject to other influences including gender biases. In a survey the author preformed 64 percent of men and women survey pointed to unrelated criteria affecting bonus allocation. Overall the book looks like an interesting read and one that I will definitely flip through for my white paper
- International Women’s Day breathes new life into the 1% meme (familyinequality.wordpress.com)
- 6 Ways Gender Inequality Hurts Men (femiblogged.wordpress.com)