'We are pleased that Salomon Smith Barney worked cooperatively with the Commission to settle these claims quickly after the lawsuit was filed,' said Katherine Bissell, regional attorney of EEOC's New York District Office, which handled the case. Provide written reports to the EEOC about its training efforts in the Data Center.

Provide all managers and supervisors in the Data Center with equal employment opportunity training and.Post a notice of its policies, practices, and intent not to discriminate against employees.Continue to maintain a policy prohibiting discrimination in the workplace and a procedure for employees to report complaints of discrimination.Additionally, the Consent Decree requires that Salomon:

In addition to the $635,000 in monetary payments to the victims, Salomon agreed to take major steps to enhance the promotional opportunities of four charging parties who are still employed as computer operators and to develop specific criteria for the promotion of computer operators in the Data Center. District Court for the Southern District of New York.

The settlement was approved late Friday, June 13, as a Consent Decree by the U.S. 'This case should remind every employer from Wall Street to Main Street that targeting groups of workers for discrimination not only violates the law, it also damages the corporate culture and hurts the bottom line by decreasing productivity and morale.' 'As the nation becomes increasingly diverse, it is in employers' best interest to provide equal opportunities to all workers, regardless of their race or national origin, in order to attain and retain the best possible talent,' said Commission Chairwoman Ida L.

The suit also charged the global financial firm with paying the class of workers disparate wages, denying them salary increases, promotions, and equal opportunities for promotion because of their race and/or countries of origin. The suit, filed in September 2000, alleged that Salomon discriminated against five charging parties employed as computer operators due to their race and nationality African-American, Haitian, Nigerian, and West Indian as well as a class of other similarly-situated employees by subjecting them to repeated and offensive comments that created a hostile work environment. The suit, filed under Title VII of the Civil Rights Act of 1964, was brought by EEOC on behalf of 13 current or former employees of Salomon's Greenwich Street Data Center who were subjected to disparate treatment and harassment based on their race and/or national origin. Equal Employment Opportunity Commission (EEOC) today announced a $635,000 settlement of an employment discrimination lawsuit against Salomon Smith Barney (Salomon), a subsidiary of Citigroup and the nation's second largest retail brokerage firm. Equal Employment Opportunity CommissionĪfrican-American, Haitian, Nigerian, and West Indian Workers To Receive $635,000 The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.The U.S. Founded in 1869, it is one of the oldest and largest investment banking firms. If you have any other questions, please contact Goldman Sachs Investor Relations at 1-21 or Sachs is a leading global investment banking and securities firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shareholders section of the Goldman Sachs Web site at Pauslon will discuss, among other matters, our firm's investment management business and prospects.Ī live audio webcast of the presentation will be available via the

Paulson, Jr., Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc., is scheduled to present at Salomon Smith Barney's Fourth Annual Financial Services Conference, on Wednesday, January 24th, at 10:00 a.m.

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