Sexism in the London City

This video says about itself:

The pay gap between men and women in the workplace has been widely documented. But women may also be discriminated against in other places as well, like the drycleaners or car dealers.

From British daily The Independent:

Sexism in the City still rules OK

A laddish culture translates into lower pay and fewer opportunities to advance, an investigation finds

By Robert Verkaik, Home Affairs Editor

Monday, 7 September 2009

Britain’s financial institutions are bastions of sexism in which women work long hours for less pay and in segregated conditions, according to a far-reaching investigation of discrimination in the City released today.

The findings, described as “shocking” by the head of the Equality and Human Rights Commission (EHRC), show a financial sector dominated by a “macho” or “lads’ culture” where bonuses paid to women are just a fifth of those received by men.

Women working in banks and other financial institutions told the EHRC that workers who become pregnant routinely face redundancy, and that recruitment was all about “jobs for the boys”. Clients were often “entertained” in lap-dancing clubs, hostess bars or at sports such as golf, from which women were excluded.

See also here. And here. And here.

Male doctors earn £15,000 a year more than women, study reveals: here.

Women doctors working in the NHS earn thousands of pounds less than their male counterparts because of “endemic” discrimination and a “hostile” workplace culture, researchers have warned: here.

3 thoughts on “Sexism in the London City

  1. U.S. female CEOs’ pay fell more than men’s: survey

    Mon Oct 26, 2009 4:39pm EDT

    NEW YORK (Reuters) – Female chief executives earned just 58 percent of what their male counterparts did in 2008, and their compensation packages were slashed three times as much as their male peers, according to a survey released on Monday.

    Corporate governance research firm the Corporate Library said total realized compensation — which includes base salary, bonuses, perquisites, benefits, and the value realized on the exercise of options and vesting of other equity — fell by a median of 18.5 percent in 2008 for female CEOs.

    In the same period, the compensation of male CEOs fell 6.1 percent, the survey revealed.

    Top female chief executives’ median base salary was $40,000 higher than that for male CEOs, but men’s’ discretionary bonuses were more than 3.5 times larger than those given to females, and men’s perquisite payments were nearly twice the amount received by women, the survey said.

    Female CEOs earned on average 58 percent of what males earned in realized compensation, the Corporate Library said.

    United Therapeutics Corp’s Martine Rothblatt was the only female CEO among the top 150 earners of 2008, with total compensation worth $21.8 million.

    Among female CEOs, Rothblatt was followed by Avon Products Inc’s Andrea Jung, with $13.9 million in total realized compensation, and TJX Companies Inc’s Carol Meyrowitz, with $12.8 million.

    The survey was based on compensation data of 2,703 U.S. listed companies. Women CEOs accounted for only 3 percent of the total, the Corporate Library wrote in the report.

    The survey also found that women are more likely to serve as CEOs at smaller companies.

    (Reporting by Juan Lagorio; Editing by Steve Orlofsky)


  2. Pingback: 1970s British women’s liberation movement | Dear Kitty. Some blog

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.