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BBC NEWS | Business | Are women paying for sexism laws?

Old style sexism has "died a death" in the city, so says the deputy chairman of fund management firm JO Hambro.

Equality laws are holding women back, says Nichola Pease

In fact, controversially, Nicola Pease, 48, suggests that red tape is now holding women back rather than helping them to get ahead.

The mother-of-three, who's been working in the City of London since the 1980s, made the comments to MPs investigating the issue of Women in the City.

But has sexism really left the financial sector?

"Prejudicial attitudes in flexible working structures and discriminatory pay practises means that today women suffer an 80% pay gap with regards to bonuses," says Kat Banyard, campaign director at the Fawcett Society.

Pay battle

Ms Banyard says that despite having equal pay rights enshrined in law since the 1970s, a pay gap still exists and the law is not strong enough.

"As a result companies are not required to check that they are paying equally, so it's absolutely crucial we have mandatory pay audits," she adds.

"The Equality Bill currently going through Parliament is a once in a generation opportunity to reform equal pay law we cannot afford to miss."



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by In Wales (inwales aaat eurotrib.com) on Sun Oct 18th, 2009 at 12:37:29 PM EST
[ Parent ]
The CITY interview: Nichola Pease

Nicola Pease rarely gives interviews and is uncomfortable with the public's fascination over the perfectly groomed, rich and successful Alpha Females of the Square Mile, though it has to be said that she fulfils the textbook qualifications.

A tall, slim blonde with a winning smile, 39-year-old Pease is married to multi-millionaire fund manager Crispin Odey, and combines running JO Hambro with bringing up three children.

...

She comes from a City dynasty. Her father Sir Richard, comes from one of the founding familles of Barclays Bank and Is a former chairman of Yorkshire Bank. Her brother also named Richard, works for New Star Asset Management.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 18th, 2009 at 12:56:00 PM EST
[ Parent ]
afew:
combines running JO Hambro with bringing up three children.

She brings up her children?

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by In Wales (inwales aaat eurotrib.com) on Sun Oct 18th, 2009 at 01:03:44 PM EST
[ Parent ]
In the same way that she runs the business: makes "executive decisions" while other people do all the real work.  
by IdiotSavant on Sun Oct 18th, 2009 at 10:46:28 PM EST
[ Parent ]
In other news:

'Beckham of the City' who preyed on banks gave Tories £30,000 | Mail Online

A hedge fund high-flyer who made a killing from the financial crash has donated £30,000 to the Tories.

Crispin Odey, nicknamed the 'David Beckham of the City' for his success in the money markets, raked in a fortune by short-selling shares in British banks.

His gift, handed over in July, is the latest in a series from so-called City 'wolves' seeking to bankroll David Cameron's bid for Downing Street.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Oct 18th, 2009 at 11:23:12 PM EST
[ Parent ]
Anger as former Northern Rock boss rakes in cash betting on credit crunch - Sunday Sun

A FORMER Northern Rock boss has come under fire after it was revealed her husband made £28m out of the credit crunch.

Nichola Pease was a director of the Newcastle-based bank before it crashed in September last year, leaving more than 2000 workers facing the dole.

Around 150,000 shareholders, including many pensioners, lost around more than £2bn as the Northern Rock went into meltdown.

Ms Pease, who was a non-executive director for eight years, stood down from the Northern Rock in November. She had been paid around £65,000-a-year for her part-time job at the bank. The 47-year-old mum-of-three was already reportedly the 20th richest woman in Britain.

She is the chief executive of J Hambro Capital Management and is married to hedge fund manager Crispin Odey.

The pair, who are believed to be worth around £300m, are nicknamed the "Posh and Becks" of the City of London.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 18th, 2009 at 12:56:53 PM EST
[ Parent ]
What lessons has this symbol of English upper-class insiderism got to hand out about discrimination?
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 18th, 2009 at 12:58:47 PM EST
[ Parent ]

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