Why This Former Goldman Sachs VP, Who Got Six-figure Salary, Left Her Job

business desk business desk | 05-24 16:10

Lindsay MacMillan, former vice president at the investment banking company Goldman Sachs, has stirred the headlines with a revelation about the toxic work culture of the company. In an article written for the Business Insider portal, the former VP wrote that she had made great strides in her career starting from an intern to the vice president.

MacMillan wrote that after six years, she left her job at the Wall Street giant two years ago to become a novelist. According to her, this is because of its “man’s world” culture that left female employees “not feeling valued”. She worked at the bank’s marketing department and was earning a 6 figure salary.

According to her column in the Business Insider, MacMillan wrote that her hectic 07 AM to 10 PM daily schedule and long hours on weekends were dictated by whatever the male leadership demanded. The former VP, who has now turned a novelist, added that she would keep a pair of black pumps. She would call them her Hollywood heels. According to MacMillan, whenever she wore them every morning, she would feel like a thick-skinned character who thrived in a man’s world.

Describing further about her plight, MacMillan stated that she was the only woman in a team of 20 investors. The novelist wrote that she had to mimic the mannerisms of the masculine way to succeed in her professional career. “I wore a pantsuit and muted my personality,” MacMillan wrote. She also talked about the recent exodus of high-ranking women from the company and a $215 million (Rs 1,788 crore) class action settlement as well. A class-action lawsuit settlement is the proceeds that are received from winning a class-action lawsuit. This lawsuit has been made over claims that female staffers suffered gender pay discrimination as well as sexual harassment.

Lindsay MacMillan wrote that she played golf, talked about football, and cried in the bathroom stall. The novelist did this so she wouldn’t be seen shedding tears at her desk. Not only this, when MacMillan used exclamation points in her emails, she was told to stop, according to her essay. She described that her out-of-the-box ideas were also discouraged. When the former VP baked cookies and brought them into the office for co-workers, she said she was admonished that she “should have been building financial models instead of baking.”

About the Author
    Business Desk
    A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings ...Read More

    Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


    ALSO READ

    Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

    Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

    Hyundai Motor IPO’s off to a slow start

    Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

    Under fire, Ola Electric taps EY India to get back on track

    Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

    Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

    Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

    India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

    Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

    Dollar pullback to help Indian rupee, weak risk appetite to weigh

    Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...