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Tuesday June 27th 2017

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AIG derivatives unit sued for sex discrimination

AIG Financial Products, the insurance group’s derivatives unit that played a central role in the company’s downfall in 2008, is being sued by two former vice presidents for discrimination and retaliation.

Susan Potter, 56, and Deonna Taylor, 62, allege that Joseph Cassano, the former head of AIG Financial Products, said that he preferred young workers with “curb appeal” to those who resembled his aunt.  The lawsuit states that Casano “generally promoted a ‘boys club’ atmosphere and frequently made discriminatory statements about the staff.”

Potter and Taylor claim that younger and male employees were paid more for similar work and that the two women were fired in retaliation after they complained about discrimination at AIG.

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AIG derivatives unit sued for sex discrimination
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