Across Wall Street, men are adopting controversial strategies for the #MeToo era and, in the process, making life even harder for women.
Perhaps there's a degree of truth in men feeling threatened in general but Wall Street is a man's world, I suspect much of this is just an excuse for men to retrench into their little man's club of alpha-male bullshit. They'd much prefer not to actually have to deal with women properly and reduce interaction to their coke-fuelled sessions in strip bars.
A Catalyst study reports that women account for less than 17 percent of senior leaders in investment banking. In private equity, women comprise only 9 percent of senior executives and only 18 percent of total employees, according to a 2017 report by Preqin. At hedge funds and private debt firms, the numbers are similarly low — women hold just 11 percent of leadership roles.
It's hardly something new that women aren't really hired in equal roles in Wall Street.
Perhaps #metoo has gone too far on the edges but Wall Street is really not the place to whine about the issue. It's not to blanket generalise people on Wall Street but I interact enough with the finance industry to know that a lot of those at the top, especially on the trading side, are not the most moral of people.
