Citigroup settles gender discrimination suit
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Citigroup Inc. will pay $ 33 million for the settlement of a complaint filed by female brokers in Santa Rosa, its Smith Barney unit denial of equal opportunities for women. Thus, like many of 2500 and the former wife of current brokerage Smith Barney share in the settlement, entered Wednesday in US District Court in San Francisco. Under the settlement, Citigroup has reached an agreement on changes to the policies for the distribution of accounts, bonuses, partnerships, workplace and in other areas of management. Three women financial advisers in the offices of Santa Rosa Smith Barney presented a class action, the action against the brokerage firm in 2005. They were accompanied by a fourth woman, the company’s Walnut Creek office. Women have claimed branch manager headed boy brokerage clients, reducing potential revenue for the female. She argued, however, they argue that, as turnover less male colleagues, less desirable, less than offices and training. |