Former Head of Diversity at Morgan Stanley Files Racial Bias Lawsuit | CNBC Closing Bell 6/17/20

On June 16, 2020, Wigdor LLP filed a race discrimination lawsuit in the Eastern District of New York on behalf of Marilyn Booker against Morgan Stanley. Ms. Booker alleges that Morgan Stanley’s White, male-centric leadership has resulted in discriminatory employment practices that result in the disproportionate hiring, compensation, retention and advancement of Black employees. Ms. Booker joined Morgan Stanley in 1994 as its first Global Head of Diversity, a position she held until 2010. She then launched the firm’s Urban Markets Group, where she helped people and communities of color build wealth, according to the lawsuit. For 26 years, Ms. Booker worked tirelessly to improve Morgan Stanley’s dismal record on diversity and inclusion, yet her efforts were constantly met with a culture of indifference and discrimination that ultimately resulted in her unlawful termination, as alleged. On June 17, 2020, Ms. Booker appeared on CNBC's Closing Bell with her attorney Jeanne Christensen to discuss the allegations in the Complaint. Read More: https://bit.ly/2zGs3Az