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



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.”

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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.

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Portuguese historical films will premiere on 29 December.



Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.



Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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