Connect with us

Top News

Ex-executive Morgan Stanley sued, claiming racial discrimination at the company

Published

on

Ex-executive Morgan Stanley sued, claiming racial discrimination at the company

One week after James Gorman announced that Morgan Stanley would diversify his leadership and spend millions of dollars to raise up his black executives, a woman who spent 16 years responsible for diversity in the company called it a hypocrite.

Marilyn Booker, a 26-year-old Morgan Stanley veteran who left in December, sued the $ 895 billion financial services company, Gorman and Chief Administrative Officer Barry Krouk for racial discrimination.

“Black life is not important at Morgan Stanley,” Booker claimed in his federal lawsuit in Brooklyn.

Booker said that he was hampered from doing his work for years, including budget cuts that were so severe that he had to put them in his own pocket for events.

To add insult to injury, he was fired unofficially in December only to wake up six months later for a story in the New York Post about Gorman throwing money at diversity because he was so “moved” by protesting national racial injustice, he said.

As The Post reported on June 9, Gorman told staff that George Floyd’s death at the hands of the Minneapolis police inspired him to promote two black women, create a new $ 25 million institution in Morgan Stanley dedicated to diversity and donated $ 5 million to the NAACP.

“The pain, fear, sadness and anger felt by the black community, and also by most people around the world, can be touched,” Gorman wrote at the time.

But Booker said his budget under Gorman was cut so badly that he was forced to spend “thousands of dollars alone just to attend events that promote diversity so Morgan Stanley would not be shy to leave without being represented.”

See also  Darwin Nunez does two, Benfica defeats Boavista and follows an isolated lead 100%

And when he was released on December 9, 2019, he was told that his position focusing on diversity was only removed.

“While Gorman was quick to pay for lip service and throw money on the diversity issue at Morgan Stanley because he suddenly ‘moved,’ when it was Ms. Booker’s job to do that … Morgan Stanley did nothing but actively retain her ability to do it, “he said.

Booker sought compensation in the amount to be determined by the jury at the trial.

Morgan Stanley did not respond to requests for comment.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Top News

Portuguese surfer to stop competing due to mental health issues

Published

on

Portuguese surfer to stop competing due to mental health issues

O Surfer Vasco Ribeiro announced this Friday that he will not compete for some time. The athlete justified the decision with his own mental health.

Via social media, Vasco Ribeiro admitted that he had a tiring year when he was forced to seek help.

“I started competing when I was only nine years old and in the first race I started winning. In my career, everything happened very quickly, intensively and successfully, ”he began.

The athlete spoke about the exactingness to the result, which puts pressure on any athlete.

“As long as we’re winning, everything seems easy and we often don’t realize how difficult the life of a high-performing athlete is. one more to manage. I had little desire to do what matters most to me and so it was time to seek professional help to be able one day to fight for my dreams again,” he wrote.

“I decided that the most important thing right now is to focus and invest time in my mental health, because everything else starts with it: stability, family, friends, results, etc. This is my commitment and I have two beautiful daughters , which are my biggest drive and motivation for this new phase,” he added.

Vasco Ribeiro, aged 27, was national champion in various categories, European champion and junior world champion in surfing.

Always be the first to know.
6th year in a row Consumers Choice and Five Star Award for Online Press.
Download our free app.

Apple Store Download

Continue Reading

Top News

Daymé Arocena launches samba in Portuguese produced by Kassin

Published

on

Daymé Arocena

Daymé Arocena – Dancing and flying

The highlight of the new Cuban afro-jazz scene, singer-songwriter Daimyo of the Arocene dives into samba for the first time with a single entirely in Portuguese. “Dance and Fly” about freedom through art and produced Bag. This is the release from brownswood records.

Listen to “Dance and Fly”: https://daymearocena.lnk.to/DancareVoarPR

Watch the viewer “Dance and fly”: https://youtu.be/QasSLpth5iM

Inspired by the desire to get closer to people during self-isolation, the song became a source of complete joy for the artist. “Dance and Fly” gave me the energy to be happy again, to be positive again, and I will always be grateful for this song. To be able to have this element to cleanse my soul of sadness, because music is like that, music has such power.”says the artist.

Produced between Puerto Rico and Rio de Janeiro, the composition Arocena learned from Cassin, one of the top Brazilian music producers of recent decades, who immersed himself in a samba ballad inspired by artists such as Javan, Lueji Moon, Ed Motta e Gal Costa. The group was formed by Kasin on bass along with great musicians: Danilo Andrade (keyboards), David Moraes (guitar), Alexander Siqueira (drums) and Daniel Conceicao (drums).

With four studio albums in his solo career, Daime, despite being only 30 years old, has already established himself as one of the main names of new Latin American jazz, using his music as an expression of his roots, faith and soul. Currently living in Puerto Rico and inspired by the Caribbean culture, the artist is preparing new releases.

See also  In the cup transfer match, Porto mistakes Estoril for the Portuguese; at the bottom of the table there is a playoff

Subscribe to Arocene Daime: https://www.instagram.com/daymearocena

Continue Reading

Top News

“The Portuguese real estate market is still very fragmented, complex and offline,” says Casavo VP Investment.

Published

on

“The Portuguese real estate market is still very fragmented, complex and offline,” says Casavo VP Investment.

The real estate market is constantly changing, with increasingly demanding clients and an increasingly limited supply. New technologies have become indispensable tools for companies to use them to grow in this market, which, according to Duarte Ferreira dos Santos, vice president of investment in Lisbon at Casavo, “still remains very fragmented, complex and autonomous” .

In an interview with Executive Digest, Duarte Ferreira dos Santos believes that despite the momentum that the pandemic has given to the digitization of the real estate sector, the real estate industry is still characterized by traditional, autonomous and very dependent on bureaucratic and physical processes. In his opinion, the technological solutions that have emerged in recent years allow streamlining processes, making the real estate market faster, simpler and more uncomplicated, and improving the experience of all stakeholders, whether they are buyers, sellers, landlords, tenants or even real estate agents.

Portuguese real estate market.

“The Portuguese housing market, especially in the Lisbon metropolitan area, has an interesting transactional dimension as a result of the cultural preference to buy a house rather than rent it. In addition, the housing stock in the capital is very old and obsolete, the vast majority of houses were built before the 1980s,” he explains.

To respond to an aging supply, by renovating the houses that Casavo buys, they contribute to refurbishing old buildings in the city and making them more energy efficient.

“The Portuguese real estate market, like other markets in Southern Europe, continues to be very fragmented, complex and autonomous, despite the fact that the pandemic has accelerated the change in customer behavior towards the adoption of a digital channel.” Duarte Ferreira dos Santos believes that much remains to be done in this aspect, namely in the introduction of digital tools to make the market more transparent and improve interaction with buyers and sellers.

See also  DHS opens investigations into intelligence collection on journalists

400 million euros for business scaling

Casavo recently raised a new €400 million investment round, which includes a €100 million Series D round and a €300 million credit line.

“The total amount raised by Casavo will be used to scale the business and strengthen its leadership in Europe. This combination of equity and debt is a recognition of our strong growth and investor confidence in our long-term vision. This round will allow us to strengthen our leadership in Europe by growing in markets we already operate in, namely Portugal, Spain and Italy, as well as expanding into new markets where France is a priority.”

A tool that allows you to instantly evaluate real estate

In this context, the VP of Investment explains that Casavo provides a tool that allows sellers to instantly value their property. “Casavo can submit an offer in 48 hours and complete a purchase in a matter of days in a single visit… Through the use of a proprietary algorithm, Casavo ensures that the submitted offer is fair and based on objective criteria.”

On the other hand, for those who want to buy a house, Casavo presents a portfolio of ready-to-live-in properties with high energy efficiency and modern and attractive design, which can be found on the platform and viewed remotely using immersive technology. .

The future of the real estate market in Portugal

Looking to the future, Duarte Ferreira dos Santos believes that “due to the lack of supply of new construction and the high demand caused by the needs of families after the pandemic, we do not expect the market for refurbished homes to be significantly affected by the situation we are facing, especially in homes , prices for which correspond to the income of the Portuguese.

See also  Darwin Nunez does two, Benfica defeats Boavista and follows an isolated lead 100%

However, he sees a slowdown that could be due not only to the rise in the cost of living for families associated with the current geopolitical context, but also to the increase in Euribor rates and the new rules that the Bank of Portugal has applied to housing. loans, which can contribute to an increase in the burden of households.

“In our view, it will be increasingly important to refurbish used homes that are outdated and dated to meet the needs of families,” he concludes.

Continue Reading

Trending