Morgan Stanley Denies Systemic Bias Claim by Ex-Diversity Chief
- Marilyn Booker accused the bank of systemic discrimination
- Suit comes as Wall Street is facing scrutiny over diversity
Photographer: Eric Thayer/Bloomberg
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Morgan Stanley said it would contest a lawsuit by its former head of diversity who alleged she experienced and witnessed “systemic racial discrimination” against African Americans at the bank.
Marilyn Booker, who joined Morgan Stanley in 1994 and served as its first global head of diversity for 16 years, claims in her lawsuit that senior “White male-centric leadership” refused to adopt her plan to address racial bias at the firm and instead terminated her in December.