One of the top female executives at Bank of America is now suing the megabank, accusing her superiors and co-workers of fostering a “bro’s club” atmosphere that’s led to her being paid less than half what the man who shares her job title is paid.
Reuters has the full report on Megan Messina, who serves as co-head of global structured credit products at Bank of America.
Messina sued the bank this week, claiming that she was the victim of “egregious pay disparity” compared to her male counterpart.
In a complaint filed on Monday night, managing director Megan Messina said she was a victim of "egregious pay disparity" relative to male peers, and was paid less than half the salary of the man who shares her title as co-head of global structured credit products.
She also accused the bank of condoning bias by her boss that made her feel unwelcome in his "subordinate 'bro's club' of all-male sycophants." She said the bank violated federal Dodd-Frank whistleblower protections by suspending her last month for complaints about alleged improper activity that harmed clients.
A Bank of America spokesperson told Reuters that the bank “take(s) all allegations of inappropriate behavior seriously and investigate(s) them thoroughly.”
According to the Reuters report, Messina claims that she was paid $7.25 million for her work at Bank of America from 2013 to 2015, while her male counterpart was paid $17 million.
But that’s not all.
Again from Reuters:
Messina complained that her boss has treated her "like a summer intern," spent much more time with the other structured products chief, banned her from client events, and subjected her to questions such as "Have your eyes always been that blue?"
Click below for the full story from Reuters.