Lindsay MacMillan became a vice president at Goldman Sachs in six years. Then the 'boys club' culture drove her out.
·
1.9k reads
·
The Lede
Goldman Sachs has a problem. Only 29% of the 2022 partner class was women — just slightly more than the previous two classes — and a flood of women leaders have recently taken their talents elsewhere. Beth Hammack, a longtime partner, exited after she was passed over for the CFO role. Stephanie Cohen, once a likely CEO successor, left in March after 25 years. Two years ago, the author Lindsay MacMillan joined the ranks of the women leaving Goldman.
Key Details
- The lack of female leadership in the financial industry is nothing new, but many companies have been making strides.
- In 2023, Goldman paid $215 million to settle a lawsuit filed in 2010 that alleged it had discriminated against thousands of female employees.
- Many financial firms have a rigid culture, but Goldman's takes it to the next level — and women tend to bear the brunt.
