A female employee at Point72, billionaire Steven Cohen's new investment firm, is suing the company for allegedly having a sexist and hostile environment and paying women less than men, according to a complaint filed on Monday in federal court.
Why it matters: In the past year, women have grown more vocal about workplace harassment, sexism, and discrimination. Though Cohen is not personally accused of misconduct in the complaint, the lawsuit comes at a crucial time: He founded Point72 in 2014 after his previous firm plead guilty in an insider trading case. He's been working to repair his image since then.
Some of the allegations:
President Douglas Haynes allegedly had the word "Pussy" written on a board in his office for weeks while female employees had to attend meetings in the room.
Some members of the all-male hiring committee for investment pros allegedly said they won't hire women because their “wives won’t let them.” There are almost no senior women at the company.
The woman who filed the lawsuit says she was passed over for promotion multiple times.
Chief operating officer Tim Shaughnessy allegedly frequently holds meetings labeled as "no girls allowed."
Women at times earn less than $0.50 for each dollar earned by male employees, per the lawsuit.
