Bank of America took control of a lot of toxic assets when it purchased brokerage house Merrill Lynch in 2008. Part of the poison was apparently a litigious workforce that couldn’t wait to meet its new co-workers.
Two Florida women—Judy Calibuso of Merrill Lynch and Julie Moss of Bank of America—are part of a sex discrimination lawsuit claiming that the combined companies treat their female financial advisors like “second-class citizens.”
The lawsuit argues that male advisors consistently get better accounts, training and opportunities than female advisors. The suit says it all adds up to systemic bias against women that results in lower compensation.
Bank of America denies the allegations and points out that it is consistently cited as one of the best employers for women in the country.