Stephen Viscusi on CBS, offers expertise on the Bloomberg Discrimination Lawsuit

Bloomberg LP Facing Major Sexual Discrimination Lawsuit

Bloomberg LP, the financial information giant founded by Mayor Michael Bloomberg, is currently embroiled in a significant sexual discrimination lawsuit. The complaint alleges widespread discrimination against more than 50 women, specifically targeting actions taken during and after maternity leave.

Workplace Culture and Allegations

Workplace expert Stephen Viscusi, author and CEO of The Viscusi Group, suggests that the culture of a company often flows from the top down. He characterizes the alleged discrimination within Bloomberg LP as a "generational thing" that must be addressed by whistleblowers and company leadership.

The Mayor's Reaction

Initially, Mayor Bloomberg distanced himself from the day-to-day operations of the company he founded. However, he later acknowledged his role as majority owner and his entitlement to communicate with senior management regarding the situation. When questioned publicly about the lawsuit, Mayor Bloomberg declined to comment, insisting on keeping the discussion focused on the budget presentation.

Company Response

Bloomberg LP has responded to the allegations by stating that, as a company with over 6,000 U.S. employees, the number of lawsuits filed since its inception in 1981 is relatively low. The company noted that several previous suits have been dismissed and expressed expectation that the same outcome will occur with this latest legal challenge.