Comments on: DSK saga is not just a French thing http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: GibsonBlock http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-86415 Sun, 01 Jun 2014 14:57:21 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-86415 Maureen, I think you gave Piroska Nagy and easy out by accepting her claim that she was coerced without providing any details. I’d read that he had bugged her incessantly and I don’t doubt it but I’ve never read that it was anything more than a matter of persistent pursuit. So, I don’t understand? Was Piroska powerless to refuse?

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By: alduy http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-35249 Mon, 13 Jun 2011 12:28:34 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-35249 Very interesting piece, that challenges national stereotypes. As a French woman living in the States, and having reacted to the French elite’s initial response to the DSK scandal, I do think that there is a bit of both: a specifically French ingrained cultural attitude that dismisses instances of sexual harassment and sexual agressions, and a more general, global issue of gender relations.
If you are interested, the issue is discussed (and you are quoted) here:
http://arcade.stanford.edu/french-femini sms

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By: decora http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-35177 Sat, 28 May 2011 03:17:53 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-35177 “Listing a handful of female CEO’s who are also part of the global elite doesn’t do much to challenge the argument. ”

the argument being challenged is as follows: “[women arent in finance because they lack the education. it has nothing to do with misoginy]”

i disagreed by listing plenty of women (not ‘CEOs’) in finance with high level educations. even when they were right about the most important financial crash in decades, they still got sidelined, fired, and ignored partly because of discrimination (partly because anyone challenging fraud got fired). therefore the lack of women in finance cannot be explained simply as a ‘lack of education’. discrimination plays a part.

Tkacik’s article (if I understand it…) helps to break down how the system works. She argues against the nationalist model of discrimination in high finance. She postulates a model linking sexism to the rise of a ‘global elite’.

Your argument is that there is a ‘victim complex’. Yes, victims do tend to have ‘victim complexes’. You are blaming a victim for something a perp did to them, instead of blaming the perp for their violation of the law. The ‘rule of law’ is much vaunted by certain modern philosophers, often to prop up the notion of ‘property rights’. Well, isnt an assault perp then guilty of violating a victims ‘property rights’? When the system fails to uphold the ‘rule of law’ when the plaintiff is a woman, the philsophical edifice crumbles into nothing. But we see it happen over and over and over again.

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By: morristhewise http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-35065 Mon, 23 May 2011 22:39:43 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-35065 Hotel maids cannot be weak, most have to change the sheets on mattresses weighing up to 300 pounds ten times daily. It is almost impossible that 62 year old dominique could move one of those heavy mattresses an inch. In a wrestling contest between DSK and his six foot tall African maid I would bet my life savings on her flipping him in ten-seconds. Those that dream he was strong enough to hold her down while he was getting a BJ are masturbating or determined to send a fragile old man to prison.

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By: AdrianMonck http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-34930 Fri, 20 May 2011 08:42:11 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-34930 Dear Maureen

You make an important about representation of women at the top of business, IOs etc. But, on behalf of the World Economic Forum, Davos is not a proxy for the global elite, and DSK is not the ultimate “Davos man”. There are as many labour leaders as central bankers in Davos, and half the representatives are from NGOs, civil society and academia – none of which, incidentally, have come close to approaching the 20% level of female leadership participation which we have there.

The ultimate Davos man is probably a woman – Christine Lagarde sits on the Forum’s Foundation Board, and surely represents the direction women’s leadership is heading globally.

By all means be angry but not all stereotypes represent the truth. And if you want to follow our work on business and gender, it’s here.

Best
Adrian Monck

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By: archinerd http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-34917 Fri, 20 May 2011 02:07:36 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-34917 Listing a handful of female CEO’s who are also part of the global elite doesn’t do much to challenge the argument. Should we play that game and try to list the names of men in control of large international firms? Obviously not, because it would be tedious to list so many. The fact that it can be done for women supports the author’s original point.

Statistics for graduates bear little correlation to the percentage of women in positions of power a decade later. But I’m sure the “victim complex” is behind the imbalance.

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By: decora http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-34910 Thu, 19 May 2011 23:44:44 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-34910 f*** me i forgot Brooksley Born. If Larry Summers had listened to her instead of screaming at her about the ‘[13 bankers at his desk]’ before the CFMA in 1999/2000, then we would have had some form of regulation of default swaps, at the least, which would have softened the whole bubble and the crash, since most of it was made out of synthetic CDOs, which were made of default swaps. whatever. !!!!! Born was top of her class at whatever ivy league school she went to…..

Oh did i mention Alan Greenspan, one of the guys who shut her down at the CFTC in the 90s? Well in his book he writes about hiring women for his company. . . why? because he said he could get the same quality work at a lower price. Oh equality!

hey but like you said. its probably all just an education thing.

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By: decora http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-34904 Thu, 19 May 2011 22:35:11 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-34904 that was some crap writing. hope my point got through.

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By: decora http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-34903 Thu, 19 May 2011 22:32:55 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-34903 i read about 4 books and dozens of articles on Bear Stearns… and i only remember one or two places that mentioned the harassment charges against Ace Greenberg. the other books? “Ace Greenberg, the wise old man who saved rubber bands”.

jeffrey epstein…whose teenager prostitute reportedly rubbed the feet of Matt Groening… (which reminds me of Pulp Fiction, ‘its definitely in the same ballpark’) Epstein was one of those ‘investors’ in one of those Bear CDO hedge funds that blew up, amiright? but nobody seems to know where his money comes from. he called whoring teenagers equivalent to a crime like ‘stealing a bagel’. and who defended him? Alan Dershowitz… civil liberties hero.

In Ferguson’s film ‘Inside Job’, there is an interview with a madam describing the big bankers using company cards to hire prostitutes. That’s where our tax money went/goes.

‘The Zeros’ by Randall Lane, he describes .. prostitution, drugs, lots of things.

If the average person looked up their pension retirement plan, and saw ‘$30,000 – Management fees to Goldman Sachs’, they might wonder which part of that fee was going to the prostitutes and cocaine. If they looked up their 401k and saw that it was invested in companies whose CEOs main reason for doing deals was how many prostitutes a prospective client could provide during an ‘outing’, i think that they might wonder about these things.

To the commenter said there’s no women in finance… oh there are plenty. There was a brilliant Phd who was a risk manager at Lehman brothers, she won an award in 2006 as ‘risk manager of the year’. They fired her a few months later, because she was raining on the real estate parade when they were just beginning to ramp up with McAllister Ranch and Archstone. They hired Erin Callan to be the ‘face of the company’, then they fired her alongside Joe Gregory. Joe Gregory, who had spent the past several years obsessing over ‘diversity’, helps fire a female PHD and then hire an inexperienced younger woman to do a job she wasnt prepared for.

There was Janet Tavakoli, who wrote two entire books on structured finance, CDS, and CDOs, and warned about a lot of these crappy investments years before the crash. Oh, one of the Magnetar guys, David Snyderman, tried to get her to help him use one of her book examples as a way to profit; she told him no because her book example was an example of unethical behavior that she was warning people about.

Then there is Yves Smith, of nakedcapitalism.com, which is basically really annoying to a lot of the financial establishment because it uses logic and reason and has torn apart everything from Michael Lewis’ Big Short to the ‘robosigners’.

Then lets see. there is Blythe Masters, who was one of the people who birthed the Credit Default Swap, and the BISTRO (precursor to the Synthetic CDO), and currently in some unknown relationship to JP Morgan’s assault on the metals commodities market. Of course when the crash came, everyone blamed her for ‘inventing the CDS’. NEvermind the team of people around her, and nevermind that there were rules you were supposed to follow when creating CDS and CDOs that JP Morgan, to a large extent, followed, while other companies (Merrill) ignored them.

but yeah other than that. not many women in high finance. must be a lack of education. like you said.

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By: tbuhl http://blogs.reuters.com/great-debate/2011/05/18/dsk-saga-is-not-just-a-french-thing/#comment-34895 Thu, 19 May 2011 21:00:38 +0000 http://blogs.reuters.com/great-debate/?p=9259#comment-34895 Reuters allowing Moe to print her interesting and controversial views – is likely the best decision the publishing company has made all year.

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