A 'Tangible Tool' for Fighting Unequal Pay in the City
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 24 November 2022
⏱️ 20 minutes
🧾️ Download transcript
Summary
Unequal pay in finance is no surprise to many who work in the City, but women might have a new tool for fighting it thanks to Stacey Macken, a former broker at BNP Paribas in London. Macken fought the French lender in court for more than eight years for equal pay, and now her victory may encourage a wave of other women to come forward. In addition to being awarded 2 million pounds after the tribunal ruled Macken had been a victim of “spiteful and vindictive” bosses, the tribunal also ordered BNP to conduct an extensive audit of its London staff to consider whether men were being paid more than women for the same job.
In this week's In the City podcast, Bloomberg legal reporter Jonathan Browning unpacks the details of the case and ruling, and we hear from Stacey Macken and her barrister Sheila Aly as they share their experiences of the "David and Goliath" battle.
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Transcript
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| 1:12.0 | the real world has been rumbling on. And this is a story we've been meaning to bring you for some |
| 1:16.6 | time. It's about equality and equal pay here in the city of London. It's an issue that affects |
| 1:22.8 | so many people working around here and all around the world and really does affect their lives. |
| 1:28.1 | And there's been a case going on now for some time involving one of the big global banks, BNP Paribar, |
| 1:34.0 | and a light has been shone on some the practices at the bank, |
| 1:37.9 | which has lessons we think to tell all of us about the future for equality here in the city. |
| 1:51.1 | Thank you. all of us about the future for equality here in the city. I'm Franzine Lakwa. |
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