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Re: Boiler Room Suits

Posted by Molly Olm-Shipman on December 11, 2000 at 03:58:46:

In Reply to: Boiler Room Suits posted by Melanie LaFavre on December 6, 2000 at 16:29:59:

I don't know about the suit thing, but as far as the lack of women goes, I can address that. Many people call Wall Street (and brokerages nationwide) the "Last Boy's Club", and I think that's very true. This can be for many stereotypical reasons: 1. the idea that women are bad at math, and so cannot deal with numbers and percentiles all day. 2. Women are passive- this is probably the clencher on why women aren't on Wall St- women (supposedly) can't drive a tough deal- they lack the ambition, the drive, the hard-core selling ability- they can't yell at people, etc. 3. I really don't thin k Aff. Action addresses brokers. Aren't brokers just sales representatives? Aren't they technically self-employed? Don' they just represent the brokerege and make sales, receiving a commission, but they really aren't 'employed' per se...my point is, how could brokerages possibly cover all of the law suits they'd have if the brokers were actual employees? I don't think they even cared about sexual discrimination, or the potential for sexual harassment, for that matter- the brokers could harass any woman they wanted outside of the workplace- so why hire people you know will suck at the job? Oh, and my last point, women can't screw people over, b/c we're pushovers, or we aren't rational, we're too emotional.
That's the mentality of the Boy's Club. Sick, isn't it? But who's challenging it- I haven't heard a public outcry by women's rights groups. Even though it's an issue that should be jumped on by all members of a decent society.
I hope that answered the question. --Molly


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