Bloomberg: RBC Denies Claims of ‘Boys Club’ Culture, Bias Against Women

Always a Canadian bank facilitating DEI Beckies. She kept collecting those accelerated promotions on her way up while padding the DEI KPIs of her bosses. Ultimately, became too expensive for the revenue she brought in and was let go. 

My thoughts are, girls can sue a company for being run like a frat house, but guys can't sue a company for being run like a Montessori kindergarten

I'm high key over lifeless sterile Arbeit Macht Frei corporate culture, no joking, no fun, everything must be 24/7 accessibility on your phone. Just doing my time to stack up a little cash and then venture out onto my own thing, and then never have to deal with articles like that again

Global private capital is a pretty bad offender of this... along with levfin

There's nothing wrong with a boy's club

How is there bias against women when they have that insane women’s advisory pipeline…

This is bullshit. As much as I hate RBC, it's so obvious she is just looking for a large payday.

"The bank claims that when it was planning a workforce reduction in 2023, Caruso-Jones asked to be included. RBC said it offered her a severance package worth more than US$1.1 million and that her employment was later terminated."

The bank is hyperfeminized. I don't think it's unfair to pro-rate a bonus if a woman is on maternal leave. Sitting at home and taking care of your baby is not the same as leading deals. Not saying the former is wrong, but you have to acknowledge that this isn't a great career path if you want to be a Mother and spend time with your children.

RBC’s denial highlights how complex DEI and culture issues are. DEI can open doors for women/minorities, but real challenges often appear at senior levels or around family. Articles like this often mix culture critique with personal agendas—take the claims with context.

I just read the lawsuit and it's a total shakedown. This whole DEI thing is being exposed for it really is, a grift

How can a reasonable person complain about a pro-rated bonus while on mat leave?

Feminization of the workplace needs to stop

No wonder Gen Z keeps talking about repealing the 19th lmao

I’m in UK and took under 6 months mat leave. I was shocked I got a full bonus when I came back. They told me that it’s because there’s some legal clause whereby if you take less than 6 months you have to be treated as if you never left. I work at a BB if it matters. 

Do I think you should get the bonus when on mat leave? I struggle to argue in favour. That being said there are known cases in the UK where traders and bankers have sued and then settled privately on the premise that compensation in the industry includes bonus as a standard therefore it is expected. I suppose if you don’t particularly want to continue your job and have a good lawyer it’s a gamble worth taking. 

Where I think genuine discrimination does happen if post maternity leave. There was an article around UBS where women that came back were consistently given lower bonuses for years and years due to being perceived as less committed. I’m not sure where that case went. 

Sounds fucking insane asking to be paid a full year's BONUS when you've worked less than 3 months and brought in no deals?? I get the base salary component but being entitled enough to demand an equal bonus to guys who've been grinding all year? Makes all women look bad.

This is somewhat unrelated, but it reminds me of how bs it is when teachers complain about not making enough money ( ie 50K) and yet only work 8-9 months a year…. Bitch you make 67 - 75k annualized as a starting salary. Cry me a f**king River

decades ago at least you worked hard but you also had some bits of fun and laughs during the day to destress

however, women killed that fun side of working, now it feels like you´re at school. Obey the rules, behave, and do your homework

So there could be some merits about it being a “boys club” at the senior level but ultimately this sounds like a skill issue for Caruso Jones. Plenty of senior women across the street who are absolute rainmakers and have a husband / kids. Another example of someone who is subpar from a pure performance basis and decides to blame “the system” instead of their own faults.

Lmao, of all the criticisms that one could lobby at RBC, not being woke enough is surely near the bottom.  

I am very liberal compared to most on this site, and it is unfortunate people have to leave work to take care of a new kid, but it's even more unreasonable to expect to be treated like you didn't just miss a huge amount of work.

You can't have your cake and eat it too. 

You should have one spouse who is willing to take the career hit - and that doesn't need to be the woman in the relationship if she is earning way more.

Men are more likely to file lawsuits against corporations than women. Women are less likely to file corporate lawsuits than men. Lots of rage against a woman filing a lawsuit as though her gender means she shouldn’t have the ability. RBC likely has multiple lawsuits it’s battling every year that are unknown to the public. Companies hire corporate attorneys for a reason. 

This entire industry need to be gutted and restructured. It is completely broken. No ethics here and yet trusted with millions to billions of dollars!! No wonder the country is in trillions of debt! Look at the lack of ethics and willingness to do the wrong thing if it lends to feelings of superiority or power that is spewed by all these random men in this field who manage the funds and provide advisory! 

prune prune prune this thing down it’s overrun by weeds. 

We are backfilling some junior spots and our MD instructed us to steer clear of r*dical feminists. Guess I need to find some Asian / Indian immigrant women. We can’t put up with the local loud mouths.  All whinning and no performance. 

RBC’s situation shows how tricky DEI and culture issues are—programs can open doors, but real challenges often appear at senior levels or around family. Articles like this mix culture critique with personal agendas, so it’s worth taking claims with context.

There was another woman I worked with at a Canadian bank (will not say which) that schemed DEI/mat-leave...she got the MD promo and then proceeded to have 2 kids back-to-back so collected 2 full year bonuses only working probably ~12 months...then left LOL