Goldman Sachs has reached an out of court settlement to pay £1million ($1.5 million) to a former female executive. Some of the banks top management were accused of sexually discriminating against her for being pregnant and then having a child.
Sonia Pereiro-Mendez, who was the bank’s executive director for
crisis investment, claims she was cheated out of millions of
pounds in bonuses and subjected to sexist comments over her
pregnancy. She added she was “publicly mocked” and subjected
to “gratuitous and implicitly derogatory references to her
childcare arrangements,” FT reports.
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Her claim, which she submitted to court, said she “took
exceptional measures” to perform the tasks requested of her
by Goldman Sachs during her maternity leave, such as
“arranging for her in-laws to look after her baby in a car
park during a relevant meeting so that she could swiftly
breastfeed her baby during breaks from the meeting.”
The mother of two children saw her annual income cut from
£250,000 ($373,00) to £192,000 ($286,000), after she informed her
employer about her first pregnancy in 2011.
Four years ago, the plaintiff received a bonus of £200,000
($298,000), but she believes the amount due should have been
£910,000 ($1.35 million), which is five percent of the profits
she brought to Goldman Sachs.
Pereiro-Mendez claimed her salary and bonuses were cut, as her
superiors believed she would not be able to make a career and
bring benefits to the bank having given birth to children.
Pereiro-Mendez said she secretly recorded these conversations on
tape and planned to play them during the court hearings.
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However, the case never went to trial. Pereiro-Mendez withdrew
her claims just before her case was about to be heard at the
Central London Employment Tribunal on Tuesday.
The terms of the deal between the bank and Pereiro-Mendez were
not disclosed. However, the Daily Telegraph reveals the payout
could exceed £1 million ($1.5 million).
Goldman Sachs denied all the accusations from its former
employee. “We are pleased that this issue has been resolved,”
the bank said in a statement.