Pursuits
Kay Jewelers' Owner Declines After Sexual-Harassment Allegations
- Documents released this week depict culture of harassment
- Claims bring new headache to company after gem-swapping woes
Mark Light, chief executive officer of Signet Jewelers.
Photographer: Chris Goodney/BloombergThis article is for subscribers only.
Signet Jewelers Ltd. suffered its worst stock decline in eight years following claims of gender discrimination and sexual harassment at the jewelry chain, including allegations that involved Chief Executive Officer Mark Light.
The allegations, which date back as far as the late 1990s, stem from a complaint filed in 2008 alleging that women were paid less than men doing the same jobs in the same places. Hundreds of pages of documents in the case were made public this week under an agreement between the two sides. The accord kept the names of those who are alleged to have taken part in the harassment confidential.