Wall St. Won't Hire Women Due to #MeToo; Afraid Women Can Present "Unknown Risk"

A Bloomberg report said today (December 3, 2018) that male executives on Wall Street are so frightened by the #MeToo movement that they're avoiding women altogether, according to the Washington Times website.

Interviews with more than 30 senior executives suggest that the #MeToo movement has led to "gender segregation" in the workplace, as women tend to be rejected for jobs, Bloomberg reported.

One adviser told the publication just hiring a woman these days can present "an unknown risk."

"Women are grasping for ideas on how to deal with it, because it is affecting our careers," said Karen Elinski, president of the Financial Women's Association and a senior vice president at Wells Fargo & Co. "It's a real loss."