Merrill closes defense in case in U.K. on sex discrimination

Article Abstract:

Stephanie Villalba, a former senior executive at Merrill Lynch and Company's European division, has sued the investment bank for $13 million in a sex-discrimination case being heard before the United Kingdom Employment Tribunal. The case is being watched globally for the ramifications its outcome may have on executive salaries. In his closing argument, Merrill Lynch's lawyer defended the fact that the international bank's payment to executives varies widely according to country.

United Kingdom, Legal issues & crime, Foreign operations, Executive changes & profiles, Personnel administration, Legal/Government Regulation, Management Compensation, Officials and employees, Company legal issue, Cases, International aspects, Compensation and benefits, Appointments, resignations and dismissals, Executive compensation, Sex discrimination against women, Women executives, United Kingdom. Employment Appeal Tribunal, Merrill Lynch & Company Inc., Villalba, Stephanie

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Painful progress at the Big Board: Wall Street woes

Article Abstract:

It has been a year since the departure of Diclk Grasso from the New York Stock Exchange. In that time, the value of shareowner stakes has dropped and new Chief Executive John Thain is under increasing pressure to improve the situation.

Management dynamics, Management, Company business management, New York Stock Exchange Inc.

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