Inside Track: What GCs Can Learn From Goldman Sachs’ $215M Gender-Bias Settlement

Inside Track: What GCs Can Learn From Goldman Sachs’ $215M Gender-Bias Settlement



Inside Track: What GCs Can Learn From Goldman Sachs’ $215M Gender-Bias Settlement | Law.com

















ANALYSIS

“It is generally OK to ask about pay expectations, but relying on pay history is a problem,” said Larry Robertson, ethics and compliance counsel at HelloFresh.

May 11, 2023 at 03:09 PM

3 minute read

Greg Andrews

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What You Need to Know

  • Companies need to be proactive in identifying pay inequities before plaintiffs’ attorneys do.
  • Basing pay offers on a candidate’s past compensation can compound inequities.
  • Because bonus sizes often are based largely on judgment, they also need to be closely scrutinized.

Welcome to Inside Track, a briefing from Law.com’s Greg Andrews providing insights that help in-house counsel navigate their rapidly changing world. Want to be alerted to this dispatch in your inbox every Thursday? Sign up here.

The $215 million settlement that Goldman Sachs agreed to this week to settle gender-bias class action litigation is enough to make any general counsel shudder.

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