A 'Tangible Tool' for Fighting Unequal Pay in the City
Unequal pay in finance is no surprise to many who work in the City, but women might have a new tool for fighting it thanks to Stacey Macken, a former broker at BNP Paribas in London. Macken fought the French lender in court for more than eight years for equal pay, and now her victory may encourage a wave of other women to come forward. In addition to being awarded 2 million pounds after the tribunal ruled Macken had been a victim of “spiteful and vindictive” bosses, the tribunal also ordered BNP to conduct an extensive audit of its London staff to consider whether men were being paid more than women for the same job.In this week's In the City podcast, Bloomberg legal reporter Jonathan Browning unpacks the details of the case and ruling, and we hear from Stacey Macken and her barrister Sheila Aly as they share their experiences of the "David and Goliath" battle. See omnystudio.com/listener for privacy information.