In 1999, Hill, then based in Tokyo, received a performance review in which her somewhat old-fashioned boss called her “aggressive”—a word, it turned out, that subtracted points and compensation dollars for a woman, while the same word would boost a male banker’s value.Hill and others complained, and in 2000, Hill and others complained to Goldman and succeeded in equalizing the reviews.

rules dating journal-77

Almost every Wall Street investment bank has a policy that employees have to disclose relationships with bosses, subordinates, clients or vendors.

Human resources departments like to be informed of employee relationships—in case they go sour and result in professional trouble or litigation- but they are rarely kept in the loop.

By all anecdotal accounts from current and former employees, Goldman has a lot of married couples and encourages them.

Jacki Zehner and her now-husband Greg were both traders when they started dating and became engaged; Zehner waited until after bonus season to tell her bosses that they would be married.

(She didn’t report it for two years, which appears to have worked against her).

In another instance, one prominent Goldman alumna recalls being taken to dinner by her boss, who spent much of the dinner explaining to her how, if they weren’t working together, he would like to be dating her.There are some instances where Goldman itself has governed itself by those rules.Dorothy Price Hill, a former Goldman Sachs risk manager who is now a managing director at investment bank Mid-Market Securities, recalls that even up until the late 1990s, women at Goldman were judged differently than men.There is no shortage of diversity efforts for women, but the often unspoken problem is that where diversity efforts run into the shoals is this one thorny area: sex.Goldman, like other firms, has codified policies on how the sexes should handle conflicts: in the cases of both dating and sexual harassment, incidents and entanglements have to be reported to the boss.It was probably the most expensive kiss of the banker’s life: at the end of the year, Goldman chopped his bonus by 25% for bad judgment, this person said. Goldman’s favorite option, however, is just to separate people and ship them off to other divisions.