On Monday, July 9, 2018, Wigdor LLP client Lauren Bonner was featured in an interview with CNN’s Chief International Correspondent, Christiane Amanpour. Ms. Bonner is the plaintiff in a prominent gender discrimination lawsuit filed by Wigdor LLP against Point72 Asset Management, a hedge fund founded by billionaire investor Steven A. Cohen.
At the heart of Ms. Bonner’s lawsuit is the claim that women at Point72 are subjected to systematic gender discrimination in the form of unequal pay, fewer opportunities for promotions, blatant sexism and sexual harassment, and retaliation for speaking out against gender bias at the firm.
Ms. Bonner, who has been called “The Face of #MeToo on Wall Street,” said that while speaking out against institutional gender inequality can be frightening, the #MeToo and #TimesUp movements empowered her to come forward:
“I’ve been inspired and empowered and have gotten so much renewed courage from the leaders of Time’s Up, who have been really generous in helping me start to think about, ‘how do we bring this movement to Wall Street in a meaningful way?’ I think women in finance are now seeing that there is a real moment […] so I’m very hopeful that we can kind of stand up, speak out and support each other, and bring some of that incredible, meaningful impact that you’ve seen in other industries to Wall Street.”
Ms. Bonner also said that in her experience working for various Wall Street firms, achieving gender equality in the financial services industry is not only feasible, but is also good for business:
“It’s certainly an issue that plagues Wall Street. That being said, I don’t think it’s universal. I’ve certainly been at other premier institutions where leaders operate with integrity and respect, and this kind of thing doesn’t happen. I think that’s part of why I felt empowered to come forward, because I have seen other places. I have seen that it doesn’t have to be this way.”
“Studies have shown that women manage and think about risk very differently. Women bring a different kind of view of risk, and that’s why gender parity is not charity. It’s good business. Study after study shows that women are equally as good, if not better investors than men.”
Is this Wall Street's #MeToo moment? @WigdorLaw client Lauren Bonner discusses institutional gender discrimination at Point72 with CNN's Christiane Amanpour. @cnni @PBS @camanpour https://t.co/mHMZ7gsJd7
— Wigdor Law (@WigdorLaw) July 10, 2018
Watch the full interview below.