Wall Street has set aside its boys’ club reputation and become more accommodating of women, including in terms of paying them the same wage as their male counterparts, Bank of America Vice Chairman Anne Finucane said.
“It’s been cleaned up,” Finucane said in an interview with Bloomberg Television from the site of the World Economic Forum in Davos, Switzerland. “You can’t legislate individual behavior, but you can create a culture that’s intolerant of behavior. And I think we’ve done that.”
The #MeToo movement has spread to many industries over the course of the last few months, prompting women to share their stories of sexual misconduct and gender inequity. While powerful men have been pushed out of jobs in media, the arts, politics, academia and the restaurant business because women spoke up to allege egregious behavior, Wall Street stories have remained fairly rare.
Finucane said that when executives “find something like that, we weed it out pretty quickly.”
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