Misogyny is alive and well in Ghana, alas. It is one of the reasons why one of the biggest societal problems that hinders the transformation of our homeland Ghana into a prosperous society, sexual harassment, is seldom discussed openly.
Everywhere one turns in Ghana, one hears anecdotal stories of important men in high positions in both the public and private sectors, who either rape or demand sexual favours from their female colleagues.
It is one of the areas of our nation that the National Review newspaper that one will soon be publishing, will focus on - in addition to fearlessly and creatively fighting those destroying what is left of our country's natural heritage. Ditto aggressively tackling the high-level corruption slowly bleeding Mother Ghana to death, in imaginative fashion.
For the information of the more responsible sections of the Ghanaian media, the template for the fight against sexual harassment in Ghana, can be found in the U.S. media's ongoing focus on that dreadful global societal menace, which demeans the dignity of so many females across the globe.
We must condemn, in no uncertain terms, the unpardonable, unspeakable and abominable cultural monstrosity that enables powerful and influential men (yes, the vast majority of those who sexually harass their fellow citizens in Ghana, happen to be males) to cause untold harm psychologically to so many women in Ghana.
As our contribution to starting a national conversation (in the Ghanaian media) about how to effectively deal once and for all with this totally unacceptable cruelty that robs the dignity of so women in Ghana, today, we have culled and posted a Washington Post piece by Renae Merle, entitled, "Wall Street may have its own Harvey Weinstein problem".
Finally, this is 21st century Africa (for heaven's sake). All those guilty of sexually harrassing others must be exposed and prosecuted in the law courts - and either they themselves or the entities they work for made to pay appropriate sums in compensation to their victims in addition to being jailed. The time has now come for the more responsible sections of the Ghanaian media to lead the fight to end the sexual harassment that robs so many Ghanaian women of their dignity. Haaba.
Please read on:
"The Washington Post
Democracy Dies in Darkness
Sections
Subscribe
Sign In
Newsletters & Alerts
Gift Subscriptions
Contact Us
Help Desk
Accessibility for screenreader
Business
Wall Street may have its own Harvey Weinstein problem
By Renae Merle October 22 at 3:44 PM
Fidelity Investments chairman and chief executive Abigail P. Johnson interviews former New York City mayor Michael Bloomberg about innovation at the Boston-based HUBweek earlier this month. (Brian Snyder/Reuters)
Fidelity Investments, one of the world’s largest investment firms, has pushed out two high-level executives over the past few weeks amid sexual harassment complaints, according to two people familiar with the allegations.
Former portfolio manager C. Robert Chow resigned earlier this month and Gavin Baker, a prominent tech fund manager, was fired by the company in September, according to the people, who were not authorized to speak publicly about the cases. Chow and Baker could not be immediately reached for comment. Their dismissals were first reported by the Wall Street Journal.
Fidelity declined to comment on specific employees, but spokesman Vincent Loporchio said in a statement that its policies “prohibit harassment in any form. When allegations of these sorts are brought to our attention, we investigate them immediately and take prompt and appropriate action. We simply will not, and do not, tolerate this type of behavior.” Fidelity has also hired an outside consultant to review employee behavior in its stock-picking unit, according to one of the people familiar with the allegations.
Economy & Business Alerts
Breaking news about economic and business issues.
Chow was accused of making inappropriate sexual comments to colleagues and Baker allegedly harassed a 26-year-old employee. Both worked in the company’s powerful stock-picking division. An unnamed spokesman for Baker told the Wall Street Journal that he “strenuously” denies the allegations.
The allegations come amid heightened sensitivity to sexual harassment complaints in corporate America. Movie mogul Harvey Weinstein was recently fired as the head of his company after reports emerged that he had harassed dozens of women over decades. And on Friday, the New York Times reported that former Fox News host Bill O’Reilly secretly settled a sexual harassment allegation with a network contributor for $32 million.
Wall Street, meanwhile, has long fought its reputation as a place where women and minorities struggle to succeed. None of the country’s leading publicly-traded banks — JPMorgan Chase, Citigroup or Bank of America — have ever been led by a woman. Last year, Bank of America was accused of running a “bros club” that underpaid female executives. Women account for just 2 percent of financial industry chief executives, according to research by Catalyst, a nonprofit group. They hold about 29 percent of executive or senior-level positions in the industry.
Fidelity operates in the asset management world where such concerns have also lingered. Women and minorities are locked out of some of sector’s most lucrative positions, managing just 1.1 percent of the $71.4 trillion of the industry’s assets, according to a study commissioned by the John S. and James L. Knight Foundation and the Bella Research Group earlier this year.
Fidelity is somewhat unusual in the financial world. It is led by a woman, Abigail P. Johnson, who has been chairman and chief executive since 2014. Johnson’s grandfather started the firm, and she owns a significant share of the privately-held company, according to Forbes, which estimates her net worth at more than $17 billion.
Johnson is considered one of the most powerful women in finance from her perch at Fidelity, which has more than $6 trillion in assets, including the retirement accounts of millions of Americans. It also has several women in senior leadership positions, including Kathleen Murphy, the president of personal investing, which controls more than $2 trillion in customer assets.
The company held an emergency meeting last week in the wake of dismissals of the two executives, according to a personal familiar with the allegations. Brian Hogan, president of Fidelity’s stock-picking division, stressed the company’s intolerance of inappropriate workplace conduct during that meeting, the person said.
“Fidelity remains committed to providing all associates with an outstanding work environment and we will always work hard to ensure that we take swift and appropriate action when an individual violates our policies, and more importantly, our values,” the company’s statement said.
59
Comments
Share on FacebookShare
Share on TwitterTweet
Share via Email
Renae Merle covers white collar crime and Wall Street for The Washington Post.
Follow @renaemerle
The Post Recommends
Discounts, guarantees and the search for ‘good’ genes: The booming fertility business
How the booming fertility business is changing the face of American families.
1 day ago
A professor thought his ‘Female or Shemale’ quiz would be funny. Students want him fired.
Sociology students at the State University of New York were asked to flag “shemales” in a series of headshots.
6 hours ago
Ines Rau is Playboy’s first transgender Playmate
The magazine breaks new ground with its first transgender Playmate.
1 day ago
PAID PROMOTED STORIES
Facebook Changes The Way We Reload Our Browsers Facebook Changes The Way We… Facebook Code
Recommended by
Most Read World
1
Colombians have for years grown amazing coffee. Finally, they’re drinking it.
2
WHO rescinds ‘goodwill ambassador’ appointment of Zimbabwe’s Robert Mugabe
3
For some veterans, John Kelly’s remarks add to a worrying military-civilian divide
4
Tillerson tells Iranian militias in Iraq to ‘go home’
5
‘My pain is everyday’: After Weinstein’s fall, Trump accusers wonder: Why not him?
subscribe
The story must be told.
Subscribe to The Washington Post
Try 1 month for $1
How to Adult
A new video series from The Washington Post
Play Video1:56
How to buy a car
How to start a 401(k)
Play Video2:10
How to throw a dinner party
Play Video1:57
Economy & Business Alerts
Breaking news about economic and business issues.
Market Watch
DJIA 0.71%
NASDAQ 0.36%
Get quote
Last Update: 10/22/2017(DJIA&NASDAQ)
washingtonpost.com
© 1996-2017 The Washington Post
Help and Contact Us
Terms of Service
Privacy Policy
Print Products Terms of Sale
Digital Products Terms of Sale
Submissions and Discussion Policy
RSS Terms of Service
Ad Choices"
End of culled Washington Post article by Renae Merle.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment