At least six former employees are asking Morgan Stanley to release them from confidentiality agreements so they can tell their stories of alleged racial discrimination at the investment bank. The request, which was released in an open letter on Tuesday, follows a lawsuit last month by the bank’s former diversity chief, Marilyn Booker, claiming systemic racial discrimination against women of color.
Lawyer Jeanne Christensen, who also represents Booker, said the employees requesting release from non-disclosure agreements have “important” stories to tell and “feel a heightened sense of obligation to come forward in the wake of the recently intensified BLM movement, but need to do so without fear of retribution”.
In the letter, which was posted on Medium and addressed to Morgan Stanley’s board of directors, Christensen offered the example of a former executive director she claimed was let go in December after two decades at the firm as part of a reduction in force (RIF) initiative. Morgan Stanley said it strongly rejected the allegations and would “vigorously defend” the action.
Source: Guardian
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