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FemiNazis. Companies no longer want to hire you… Wall Street execs too afraid to hire women in wake of #MeToo: Report

Male executives on Wall Street are so spooked by the #MeToo movement that they’re avoiding women altogether, a Bloomberg report said Monday.

Source: Wall Street execs too afraid to hire women in wake of #MeToo: Report – Washington Times

Interviews with more than 30 senior executives suggest that the #MeToo movement has led to ā€œgender segregationā€ in the workplace, BloombergĀ reported.

ā€œItā€™s creating a sense of walking on eggshells,ā€ one adviser told the publication.

Another said just hiring a woman these days can present ā€œan unknown risk.ā€

ā€œWomen are grasping for ideas on how to deal with it, because it is affecting our careers,ā€ said Karen Elinski, president of the Financial Womenā€™s Association and a senior vice president at Wells Fargo & Co. ā€œItā€™s a real loss.ā€

The Bloomberg piece calls the phenomenon the ā€œPence Effect,ā€ a reference to Vice President Mike Pence, who revealed in April 2017 that he avoids dining alone with any woman other than his wife.

Bloomberg reported that ā€œmany of the men interviewed acknowledged theyā€™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.ā€

The executives interviewed said they no longer have one-on-one business meetings with women or invite them to business dinners. Ron Biscardi, chief executive officer of Context Capital Partners, said heā€™s done away with his annual penthouse-suite party at the Fontainebleau Miami Beach to avoid any potential liabilities.

ā€œSome men have voiced concerns to me that a false accusation is what they fear,ā€ Stephen Zweig, an employment attorney with FordHarrison, told Bloomberg. ā€œThese men fear what they cannot control.ā€

Copyright Ā© 2018 The Washington Times, LLC.Ā Click here for reprint permission.

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