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Dec 4 - Wall Street Rule for the #MeToo Era: Avoid Women at All Cost


 


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 1 week ago '17        #1
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thegreygoose11 16 heat pts16
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Dec 4 - Wall Street Rule for the #MeToo Era: Avoid Women at All Cost
 

 
visit this link https://www.bloomberg.com .. en-at-all-cost

Saw a thread in here about NDT and how hes being accused of s3xual a.ssault...some stated "you cant even shoot your shot anymore"

and hes 100% right...the #metoo movement has gone so far off the rails that the issues women are trying to bring up are blowing back up in their faces and causing even more vitriol than before the movement started

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Wall Street Rule for the #MeToo Era: Avoid Women at All Cost

No more dinners with female colleagues. Don’t sit next to them on flights. Book hotel rooms on different floors. Avoid one-on-one meetings.

In fact, as a wealth adviser put it, just hiring a woman these days is “an unknown risk.” What if she took something he said the wrong way?

Across Wall Street, men are adopting controversial strategies for the #MeToo era and, in the process, making life even harder for women.

Call it the Pence Effect, after U.S. Vice President Mike Pence, who has said he avoids dining alone with any woman other than his wife. In finance, the overarching impact can be, in essence, gender segregation.

Interviews with more than 30 senior executives suggest many are spooked by #MeToo and struggling to cope. “It’s creating a sense of walking on eggshells,” said David Bahnsen, a former managing director at Morgan Stanley who’s now an independent adviser overseeing more than $1.5 billion.

This is hardly a single-industry phenomenon, as men across the country check their behavior at work, to protect themselves in the face of what they consider unreasonable political correctness -- or to simply do the right thing. The upshot is forceful on Wall Street, where women are scarce in the upper ranks. The industry has also long nurtured a culture that keeps harassment complaints out of the courts and public eye, and has so far avoided a mega-scandal like the one that has engulfed Harvey Weinstein.

‘Real Loss’
Now, more than a year into the #MeToo movement -- with its devastating revelations of harassment and abuse in Hollywood, Silicon Valley and beyond -- Wall Street risks becoming more of a boy’s club, rather than less of one.

“Women are grasping for ideas on how to deal with it, because it is affecting our careers,” said Karen Elinski, president of the Financial Women’s a.ssociation and a senior vice president at Wells Fargo & Co. “It’s a real loss.”

There’s a danger, too, for companies that fail to squash the isolating backlash and don’t take steps to have top managers be open about the issue and make it safe for everyone to discuss it, said Stephen Zweig, an employment attorney with FordHarrison.

“If men avoid working or traveling with women alone, or stop mentoring women for fear of being accused of s3xual harassment,” he said, “those men are going to back out of a s3xual harassment complaint and right into a s3x discrimination complaint.”

Channeling Pence
While the new personal codes for dealing with #MeToo have only just begun to ripple, the shift is already palpable, according to the people interviewed, who declined to be named. They work for hedge funds, law firms, banks, private equity firms and investment-management firms.

For obvious reasons, few will talk openly about the issue. Privately, though, many of the men interviewed acknowledged they’re channeling Pence, saying how uneasy they are about being alone with female colleagues, particularly youthful or attractive ones, fearful of the rumor mill or of, as one put it, the potential liability.

A manager in infrastructure investing said he won’t meet with female employees in rooms without windows anymore; he also keeps his distance in elevators. A late-40-something in private equity said he has a new rule, established on the advice of his wife, an attorney: no business dinner with a woman 35 or younger.

The changes can be subtle but insidious, with a woman, say, excluded from casual after-work drinks, leaving male colleagues to bond, or having what should be a private meeting with a boss with the door left wide open.

‘Not That Hard’
On Wall Street as elsewhere, reactions to #MeToo can smack of paranoia, particularly given the industry’s history of protecting its biggest revenue generators.

“Some men have voiced concerns to me that a false accusation is what they fear,” said Zweig, the lawyer. “These men fear what they cannot control.”

There are as many or more men who are responding in quite different ways. One, an investment adviser who manages about 100 employees, said he briefly reconsidered having one-on-one meetings with junior women. He thought about leaving his office door open, or inviting a third person into the room.

Finally, he landed on the solution: “Just try not to be an as*hole.”

That’s pretty much the bottom line, said Ron Biscardi, chief executive officer of Context Capital Partners. “It’s really not that hard.”

In January, as #MeToo was gathering momentum, Biscardi did away with the late-night, open-bar gathering he’d hosted for years in his penthouse suite during Context Capital’s annual conference at the Fontainebleau Miami Beach. “Given the fact that women are in the minority at our events, we want to make sure that the environment is always welcoming and comfortable. We felt that eliminating the after-party was necessary to remain consistent with that goal.”

In this charged environment, the question is how the response to #MeToo might actually end up hurting women’s progress. Given the male dominance in Wall Street’s top jobs, one of the most pressing consequences for women is the loss of male mentors who can help them climb the ladder.

“There aren’t enough women in senior positions to bring along the next generation all by themselves,” said Lisa Kaufman, chief executive officer of LaSalle Securities. “Advancement typically requires that someone at a senior level knows your work, gives you opportunities and is willing to champion you within the firm. It’s hard for a relationship like that to develop if the senior person is unwilling to spend one-on-one time with a more junior person.”

Men have to step up, she said, and “not let fear be a barrier.”
+6   

52 comments for "Dec 4 - Wall Street Rule for the #MeToo Era: Avoid Women at All Cost"

 1 week ago '17        #2
Kingz2 1 heat pts
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The movement is going to hurt more than help women and they don’t even see that. Everything is not grounds for s3xual harassment.
+12   

 1 week ago '12        #3
FrescoB 68 heat pts68
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HOH
+4   

 1 week ago '18        #4
Neg Mwen 2 heat pts
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How hard is it to not understand the ideas of inappropriate contact and inappropriate statements?

Don't say stupid sh*t to a broad you don't know well. Don't touch a broad you don't know well. Simple sh*t
+23   

 1 week ago '06        #5
Skateboard T 43 heat pts43
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Never found it difficult to not be a creep.


Don’t know what op’s problem is....
+22   

 1 week ago '04        #6
ItAlY2BkLyN 240 heat pts240
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 Neg Mwen said
How hard is it to not understand the ideas of inappropriate contact and inappropriate statements?

Don't say stupid sh*t to a broad you don't know well. Don't touch a broad you don't know well. Simple sh*t
This to an extent. But there's some scandalous women out there too who can make sh*t up w/o anything to back it up. And that's the problem. Because it literally becomes one word against another's. And men are at a disadvantage when put in that situation.
+10   

 1 week ago '17        #7
ddy807 8 heat pts
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OP -

Saw a thread in here about NDT and how hes being accused of s3xual a.ssault...some stated "you cant even shoot your shot anymore"

and hes 100% right...the #metoo movement has gone so far off the rails

article -


Finally, he landed on the solution: “Just try not to be an as*hole.”

That’s pretty much the bottom line, said Ron Biscardi, chief executive officer of Context Capital Partners. “It’s really not that hard.”
+9   

 1 week ago '06        #8
Skateboard T 43 heat pts43
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 ItAlY2BkLyN said
This to an extent. But there's some scandalous women out there too who can make sh*t up w/o anything to back it up. And that's the problem. Because it literally becomes one word against another's. And men are at a disadvantage when put in that situation.
I think the thing is that this threat of vidictive accusations is vastly overstated, particularly in the context of public figures. You have a lot more to lose coming forward against a public figure than you do remaining silent.
+2   

 1 week ago '04        #9
ItAlY2BkLyN 240 heat pts240
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 Skateboard T said
I think the thing is that this threat of vidictive accusations is vastly overstated, particularly in the context of public figures. You have a lot more to lose coming forward against a public figure than you do remaining silent.
I don't disagree. I do think the fear is over exaggerated, but public figures are different than your normal every day execs. (if that's what you can call a wall st. exec) they're not really public figures.

Just look at all the instances of women claiming false r*pe, false pregnancy, etc. It's not totally uncommon. See stories all the time on here of dudes getting out of jail after so many years because a woman lied and finally confessed.

It's just the silver bullet thing that as a man, you have half a chance at beating an accusation. The same doesn't go for predatory women though.
+2   

 1 week ago '18        #10
Lord God 51 heat pts51
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It's not hard to not be a creep, but it's still wise to cover yourself. I dont speak to female airmen in my office without a witness... It's just smart business.
+12   

 1 week ago '17        #11
ddy807 8 heat pts
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 Lord God said
It's not hard to not be a creep, but it's still wise to cover yourself. I dont speak to female airmen in my office without a witness... It's just smart business.
having a third party in the room in a professional environment? unheard of before 2017.

the #metoo movement has run amok. what a unreasonable thing to do.
+6   

 1 week ago '18        #12
ChrisPartlowFro 5 heat pts
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 Neg Mwen said
How hard is it to not understand the ideas of inappropriate contact and inappropriate statements?

Don't say stupid sh*t to a broad you don't know well. Don't touch a broad you don't know well. Simple sh*t
I think the problem is when lines get blurred. People make mistakes and misread situations. Also, perception can be reality:

In particular corners of finance where the hours are long and margins high, managers spend more time with coworkers than with family. It isn’t uncommon for people to a.ssume affairs are happening, because they often are. However, in this day and age, can’t take a risk of a (fatal) misperception, because while you have real life Jordan Belfort types, a lot of these dudes love their wives and kids.

Edit: To be clear, this is long overdue and OP appears to hate women.


Last edited by ChrisPartlowFro; 12-04-2018 at 04:41 PM..
+4   

 1 week ago '17        #13
Ymmot 9 heat pts
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 Neg Mwen said
How hard is it to not understand the ideas of inappropriate contact and inappropriate statements?

Don't say stupid sh*t to a broad you don't know well. Don't touch a broad you don't know well. Simple sh*t
The me too movement exposed a lot of creep a.ss dudes who don't know how to talk to women.
+10   

 1 week ago '14        #14
strungout 391 heat pts391
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 Skateboard T said
Never found it difficult to not be a creep.


Don’t know what op’s problem is....
This ^^^^

 1 week ago '17        #15
Lazy 3 heat pts
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 Ymmot said
The me too movement exposed a lot of creep a.ss dudes who don't know how to talk to women.
And the complainers still expose themselves in this thread
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 1 week ago '12        #16
OldBusiness 172 heat pts172
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 Ymmot said
The me too movement exposed a lot of creep a.ss dudes who don't know how to talk to women.
Bingo.

I'm a well traveled man. Dealt with women all over America and in other countries and such and never had a complaint. Cause I'm not socially awkward misfit who thinks a little power entitles you to some sh*t.
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Top 10 most propped recently  1 week ago '17        #17
Naga Sadow 14 heat pts14
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How about this. Be nice and non threatening and state your honest intentions. Don't touch, oggle, or say anything offensive. If she says no, thank her for her time and keep it moving. If she says yes with limits then never go past them. If you make an advance and she says no then stop right there.

Why is it that hard?

+8   

 1 week ago '18        #18
Neg Mwen 2 heat pts
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 ChrisPartlowFro said
I think the problem is when lines get blurred. People make mistakes and misread situations. Also, perception can be reality:

In particular corners of finance where the hours are long and margins high, managers spend more time with coworkers than with family. It isn’t uncommon for people to a.ssume affairs are happening, because they often are. However, in this day and age, can’t take a risk of a (fatal) misperception, because while you have real life Jordan Belfort types, a lot of these dudes love their wives and kids.

Edit: To be clear, this is long overdue and OP appears to hate women.
I feel you on the blurred lines but dudes need to stop being thirsty and/or deluded when it comes to broads they don't know well. I know n*ggaz who think I broad looking in their general vicinity means a chick is into them

I'm no casanova-ass n*gga but I'm not so lame or creep enough to pull the sh*t that some of these folk pull
+4   

Top 10 most slapped recently  1 week ago '16        #19
OWPE 81 heat pts81
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Mike Pence the goat. And he was mocked by the media you guys love so much for saying he wouldn't ever have dinner with a woman without his wife

-3   

 1 week ago '07        #20
stogz 19 heat pts19
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Wwall st is filled with losers. Dudes that never got pus*y they whole lives, then got rich. These type of rich guys treat all women like wh0ores.

women are fine being wh0ores at night... but wake up regretting it in the morning. Thus #MeToo
+3   

 1 week ago '17        #21
1Oh 6 heat pts
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Like others have said, alotta these Wall Street kats are weirdos. They make some money & get a cool job title then start getting outta pocket with the women at the office. They think they still in college, drinking on the job and talking crazy to chicks. Buy so many prostitutes/escorts that they devalue women in general.
+3   

Top 10 most slapped recently  1 week ago '16        #22
OWPE 81 heat pts81
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 1Oh said
Like others have said, alotta these Wall Street kats are weirdos. They make some money & get a cool job title then start getting outta pocket with the women at the office. They think they still in college, drinking on the job and talking crazy to chicks. Buy so many prostitutes/escorts that they devalue women in general.
Its not wall street execs that have been getting metoo'd though, its hollywood actors and Democrats getting the boot

+1   

 1 week ago '18        #23
Neg Mwen 2 heat pts
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 OWPE said
Mike Pence the goat. And he was mocked by the media you guys love so much for saying he wouldn't ever have dinner with a woman without his wife

That dude weak because he believes he wouldn't be able to resist temptation. Dude's no different from a fundamentalist Muslim
+5   

 1 week ago '18        #24
ChrisPartlowFro 5 heat pts
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 Neg Mwen said
I feel you on the blurred lines but dudes need to stop being thirsty and/or deluded when it comes to broads they don't know well. I know n*ggaz who think I broad looking in their general vicinity means a chick is into them

I'm no casanova-ass n*gga but I'm not so lame or creep enough to pull the sh*t that some of these folk pull
Them dudes are the worst. “Bro she said ‘good morning to me’ she’s so into me”

Huh?!
+3   

 1 week ago '18        #25
Neg Mwen 2 heat pts
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 ItAlY2BkLyN said
This to an extent. But there's some scandalous women out there too who can make sh*t up w/o anything to back it up. And that's the problem. Because it literally becomes one word against another's. And men are at a disadvantage when put in that situation.
I analyze (overanalyze) everything. That affords me the ability to figure out who people are. If I feel like a broad is gonna give me grief or that I'd need to keep evidence go protect myself from a chick, I say fu*k it and keep it moving. Dudes need to quit thinking with their eyes and their d!ck.
+5   

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