Women suing Goldman Sachs for alleged discrimination in pay and promotions shouldn’t be allowed to bring their case against the bank as a group, a judge recommended.
Morgan Stanley on Thursday named 153 managing directors, a slight increase from the 144 employees awarded the senior title last year.
The heat is on at Goldman Sachs.
Global alternative asset manager The Carlyle Group has announced that it has promoted 29 professionals to senior positions: 9 to Managing Director and 20 to Principal/Director.
Moelis & Co has announced that it has promoted the following seven members of its global investment banking business to Managing Director:
A study released earlier this month by Georgetown University’s McDonough School of Business indicates that connections and relationships play a significant role in employee promotions, despite policies and procedures at most companies designed to lower the impact of non-objective assessment and despite general acknowledgment that such favoritism leads to bad decision making.