Jul 20 - Bank of America Sued by Black Ex-Manager Alleging Bias
|Jul 20 - Bank of America Sued by Black Ex-Manager Alleging Bias|
Bank of America Corp. (BAC) was sued by a former employee who alleged the bank segregates black workers in an “apartheid” system that creates a “vast inequality” in business development, compensation and advancement.
Jack Mitchell, who is black, filed the lawsuit today in federal court in New York. He was employed as a “premier client manager” from February 2007 to July 2008, working with high net-worth customers, and was fired for speaking out against what he described as a “discriminatory system,” according to the complaint.
“The bank’s apartheid system of business allocation created a vast inequality in business development and career growth opportunities between the bank’s African American and white employees,” Mitchell alleged in the complaint. He is seeking at least $10 million in damages.
Bank of America paired managers with financial advisers in teams, with compensation based on the value of[..]ets in each team’s portfolio, Mitchell said. The bank “segregated” black workers by[..]igning them to work at branches in low-income and minority areas, he said. Mitchell claims all of the members of his team were black and he was denied repeated requests to transfer to other branches.
The refusals were “based on the bank’s racist belief that its white clients and/or white prospective clients would not wish to do business with the bank’s small number of African American employees,” Christopher Brennan, Mitchell’s lawyer, alleged in the complaint.
Bill Halldin, a spokesman for Charlotte, North Carolina- based Bank of America, said the bank had just received the complaint and declined to comment on it specifically.
“Diversity and inclusion are part of Bank of America’s culture and core values,” Halldin said in a statement. “We actively promote an environment where all[..]ociates have the opportunity to achieve personal success and can contribute to the growth in our business.”
In a separate suit filed today in federal court in New York, Cantor Fitzgerald LP was sued by Jermaine James, a former employee its equity department who is black. James, who said he was employed at Cantor Fitzgerald from October 2004 to July 2008, alleged he was the victim of wrongful discharge and employment discrimination based on his race.
James claimed that white coworkers subjected him to “pervasive” harassment, including emitting “monkey noises” and uttering racial slurs in his presence at boardroom meetings.
When a fire alarm went off in the building, another employee suggested it was triggered by “too many blacks” congregating in the area, James said.
When James complained, a superior told him that he “needed to be around his own people,” according to the complaint. James said he was fired even after becoming the highest-grossing salesman at a minority-owned brokerage unit of Cantor’s.
Cantor doesn’t comment on litigation, Sheryl Lee, a spokeswoman for the New York-based company, said in an e-mail.
The cases are Mitchell v. Bank of America NA, 12-CV-5593, and James v. Cantor Fitzgerald LP, 12-CV-5374, U.S. District Court, Southern District of New York (Manhattan).
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|07-21-2012, 11:07 AM||away - #2|
|07-22-2012, 06:54 AM||away - #3|
Stop hatin...let a nicca be great all ready...what more do you want...money...you got that...a bigger pingo...pray on it[pic]
|07-22-2012, 09:53 AM||away - #4|
Not hard to believe.. [pic]
|07-22-2012, 10:00 AM||away - #5|
"i feel guilty and dont want to admit its true so let me say hes playing the race card to run away from reality"
thats why i keep saying blacks need their own business and need to !! with each other like the jews if we want true economic freedom....depending white people<<<<<<<<<<<
|07-22-2012, 11:42 AM||away - #6|
Shyt takes time though....The richest of the rich in the black community have been working together but its still "white people" in the way. It may be easy to sit back and say why cant rich black people take care of their own. Simple. Those rich black people dont own banks, mass areas of land, nor our own form of money. Things that are a MUST HAVE to restore a nation of self dependent people. But the fact that white people have destroyed our homeland and bought a vast majority of our land which holds gold and precious metals needed to run a international bank to collect from smaller banks worldwide. It leaves us "homeless" cause we don't own a enough gold or precious metals to run shyt. So when someone says black people need to do this and that and we'll be so much better off if rich black people would look out for their own. I just shake my head cause those rich black people are broke as shyt in comparison to someone like the owner of say the IMF. Or the Rockafellers or Dupont or Rothschilds...We are !!in bums....
Last edited by whyarguewithgod; 07-22-2012 at 11:44 AM..
|07-22-2012, 11:47 AM||away - #7|
I understand why companies are hesitant to hire blacks. As soon as you don't let them get their way, they play the race card and nonsense like this happens.
|07-22-2012, 11:51 AM||away - #8|
Of course we are....We tired of making in year, what some whites make in a week. Thats why we can't seperate ourselves from caucasians because yall wont put us in the position to aquire economic freedom yet yall gladly took us away from it and then have the nerve to ask " Why dont yall go back to your own country?...Mutha!!a you own my country !!!
|07-22-2012, 12:13 PM||online - #9|
I work for Bank of America. I am also black.
There's no racism that I personally see there BUT they HATE poor people. We definitely are trained to discriminate against them.
Sad but very true..
|07-22-2012, 12:46 PM||away - #10|
With that said....
Why do yall HATE (as you put it) poor people??? If somebodys poor would'nt they walk right past your bank?
Or are you being sarcastic....if so. [pic]..........................................
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