Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%

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A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71% from the time she started in wealth management to 2019.

FILE PHOTO: The headquarters of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton

Marilyn Booker, who filed a lawsuit against the bank on Tuesday after she was let go in December, said on CNBC that she believes the bank did improve diversity during the 17 years she worked in diversity, human resources policy and recruiting. In 2011, the firm asked Booker to lead the urban markets group, a job she held until the bank eliminated her position on Dec. 9.

Morgan Stanley did not provide a comment on the 71 percent figure, but it has refuted Booker’s allegations and said that she was let go along with 1,500 other employees last December.

 

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eadilts this is shocking behaviour.

eadilts Good.

eadilts I can't believe MorganStanley is so racist.

Good. All companies should eliminate 100% of their budgets that go towards racism officers. Hire based on abilities, not skin color. Having a 'diversity officer' or 'diversity department' IS RACIST IN THE FIRST PLACE.

A diversity officer? In a bank?

What’s the surprise Morgan Stanley = white capitalists.

Good. Hire based on talent not skin colour.

Smdh it’s all coming out. Let it all out so we can start again unburdened. It’s the only way

👀 Well, that’s not a good look Morgan Stanley

Awesome. Lets implement a Diversity office in the NFL & NBA. Their needs to be more culture and Diversity. More whites, asians, Indians & Jewish. EqualityForAll

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