{"id":9520,"date":"2020-06-17T04:38:00","date_gmt":"2020-06-17T01:38:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ex-exec-sues-morgan-stanley-over-discrimination-black-lives-did-not-matter\/"},"modified":"2020-06-17T04:38:00","modified_gmt":"2020-06-17T01:38:00","slug":"ex-exec-sues-morgan-stanley-over-discrimination-black-lives-did-not-matter","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ex-exec-sues-morgan-stanley-over-discrimination-black-lives-did-not-matter\/","title":{"rendered":"#Ex-exec sues Morgan Stanley over discrimination: \u2018Black lives did not matter\u2019"},"content":{"rendered":"

“#Ex-exec sues Morgan Stanley over discrimination: \u2018Black lives did not matter\u2019<\/strong>”<\/p>\n

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June 16, 2020 |<\/span> 9:38pm |<\/span> Updated June 16, 2020 | 9:57pm<\/span><\/p>\n

\n Enlarge Image<\/p>\n

\"Morgan<\/img>
\n Morgan Stanley CEO James Gorman<\/span>
\n REUTERS\/Aaron P. Bernstein\/File Photo\/File Photo<\/span><\/p><\/div>\n

\n One week after James Gorman announced that Morgan Stanley would diversify its leadership and spend millions to raise up its black executives, a woman who spent 16 years in charge of diversity at the firm called him a hypocrite.<\/p>\n

Marilyn Booker, a 26-year Morgan Stanley veteran who left in December, is suing the $895 billion financial services firm, Gorman and Chief Administrative Officer Barry Krouk for racial discrimination.<\/p>\n

\u201cBlack lives did not matter at Morgan Stanley,\u201d Booker claims in her Brooklyn federal lawsuit.<\/p>\n

Booker said she was hampered from doing her jobs for years, including budget cuts so severe that she had to dip into her own pocket for events.<\/p>\n

To add insult to injury, she was unceremoniously fired in December only to wake up six months later to a New York Post story about Gorman throwing money at diversity because he was so \u201cmoved\u201d by nationwide racial injustice protests, she said.<\/p>\n

As The Post reported on June 9, Gorman told staff that the death of George Floyd at the hands of Minneapolis police inspired him to promote two black women, create a new $25 million institution inside Morgan Stanley dedicated to diversity and donate $5 million to the NAACP.<\/p>\n

\u201cThe pain, fear, sadness and anger felt by the black community, and also by the vast majority of people globally, is palpable,\u201d Gorman wrote at the time.<\/p>\n

But Booker said her budget under Gorman was cut so badly that she was forced to spend \u201cthousands of her own dollars just to attend events that promoted diversity so that Morgan Stanley would not humiliatingly go unrepresented.\u201d<\/p>\n

And when she was let go on Dec. 9, 2019, she was told that her diversity-focused position was simply being eliminated.<\/p>\n

\u201cWhile Gorman is quick to now pay lip service and throw money at the diversity problem at Morgan Stanley because he is suddenly \u2018moved,\u2019 when it was Ms. Booker\u2019s job to do just that \u2026 Morgan Stanley did nothing but actively hamstring her ability to do so,\u201d her lawsuit said.<\/p>\n

Booker is seeking damages in an amount to be determined by a jury at trial.<\/p>\n

\u201cWe strongly reject the allegations made in this claim and intend to vigorously defend ourselves in the app<\/a>ropriate forum,\u201d a Morgan Stanley spokesman told The Post. \u201cWe are steadfast in our commitment to improve the diversity of our employees and have made steady progress \u2014 while recognizing that we have further progress to make. We will continue to advance our high priority efforts to achieve a more diverse and inclusive firm.\u201d\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Source<\/a><\/span><\/p>\n

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“#Ex-exec sues Morgan Stanley over discrimination: \u2018Black lives did not matter\u2019” June 16, 2020 | 9:38pm | Updated June 16, 2020 | 9:57pm Enlarge Image Morgan Stanley CEO James Gorman REUTERS\/Aaron P. Bernstein\/File Photo\/File Photo One week after James Gorman announced that Morgan Stanley would diversify its leadership and spend millions to raise up its…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[19940,19939,19937,19941,19938],"class_list":["post-9520","post","type-post","status-publish","format-standard","hentry","category-general","tag-a-26-year-morgan-stanley-veteran-who-left-in-december","tag-a-woman-who-spent-16-years-in-charge-of-diversity-at-the-firm-called-him-a-hypocrite-marilyn-booker","tag-ex-exec-sues-morgan-stanley-over-discrimination-black-lives-did-not-matter","tag-is-suing-the-895-billion","tag-one-week-after-james-gorman-announced-that-morgan-stanley-would-diversify-its-leadership-and-spend-millions-to-raise-up-its-black-executives"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/9520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=9520"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/9520\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=9520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=9520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=9520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}