Goldman Sachs Paid $12 Million to Bury Sexism Claim

The transcript discusses a significant settlement by Goldman Sachs with a veteran executive who raised internal complaints about sexism and discrimination at the bank. The settlement, which included a high 8-figure payout, aimed to prevent the public disclosure of embarrassing details. The allegations included dismissive remarks, pay disparity, and lack of promotion for women. The discussion highlights the cultural implications and the firm's efforts to maintain a positive public image while addressing diversity. The context is set within recent years, emphasizing that such issues are not relics of the past but ongoing challenges in the industry.

How does the settlement reflect on Goldman Sachs' efforts towards diversity and inclusion?

What does the settlement reveal about the firm's willingness to handle internal complaints?