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Monday, 14 November 2022

Exposé of “bullying culture” in the investment banking world


Jamie Fiore Higgins recounts her lucrative yet harrowing experience as a woman, working at Goldman Sachs for nearly two decades in Bully Market. The book offers a rare insider’s account of a sales trader who climbed the ranks, becoming one of the rare senior female bankers at the firm amid “racist, sexist, and intolerant environment.” She details some what she witnessed over the 17 years she worked at the firm from substance use, workplace affairs, and the discriminatory culture that led to women and people of color being bullied and excluded. Some of the incidents she details include her co-workers mooing at her while she pumped for her fourth child, being told that she was only promoted because she was a woman, and coworkers using racial slurs in front of her and facing no consequences. The book ends in the aftermath of the #MeToo movement, which Higgins believes spurred enough change that some of the treatment she endured would have been unacceptable today. Nonetheless, she does not think the investment bank has changed, “just that people are more careful and better at keeping the dark side under wraps.”

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