Of course you are behind if you are a Wall Street Broad. Cause you're too darn busy to write a blog post on Mother's Day. So, here's my mom's day contribution.
There's this lawsuit again the Bloomberg organization filed by women saying they couldn't get ahead at the company. That having kids was certainly a deterrent to climbing the corporate ladder. Mayor Mike Bloomberg says he has no idea what these women are talking about. When I read some of the things the women were complaining about - it sounded all too familiar.
Back when I was a bonus baby at Bear Stearns, we used to call it the pregnancy punishment. If you got pregnant, then your bonus that year would be flat. The argument was that you didn't work the entire year - you took 3 months off. While it was never said - it was understood. All you had to do was ask a couple of other female executives and everyone had the same experience. Now you couldn't complain about this. If you did, your career as over. And maybe today that doesn't happen anymore. It didn't keep you from moving up, but you were definitely hit in the pocketbook.
Of course, it was a small price to pay for my wonderful boy!
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