Goldman Sachs, historically man-heavy in its executive suite as well as the boardroom, published a 41-page report Monday arguing that bias plays a key role not only in the gender-pay gap among employees but the scarcity of women in senior roles.
Wall Street's old boys' clubs might be coming around to the #MeToo movement in corporate America.
The powerhouse investment bank Goldman Sachs Group Inc. (GS - Get Report) , historically man-heavy in its executive suite as well as the boardroom, published a 41-page report Monday arguing that bias plays a key role not only in explaining the gender-pay gap among employees but also the scarcity of women in senior roles.
The study, by six analysts in Goldman Sachs's investment-research division, examined U.S. Census Bureau data showing that women on average earn 20% less than men. The all-female team concluded that the disparity can't be explained by typical labor-market factors like levels of education and experience or choices of industry and occupation.
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