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Bridgewater executive denies report claiming gender discrimination in pay

Published 09/10/2020, 06:35 PM
Updated 09/10/2020, 08:00 PM
© Reuters.
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(Reuters) - Bridgewater Associates' director of investment research, Karen Karniol-Tambour, on Thursday denied a report that she had claimed gender discrimination in conversations about her pay with the hedge fund's management.

Earlier in the day, the Wall Street Journal reported that Karniol-Tambour had made a formal complaint to Bridgewater founder Ray Dalio and Chief Executive Officer David McCormick (NYSE:MKC), asserting that men with similar or lesser responsibilities have been paid more. (https://on.wsj.com/2ZqXclg)

"I have had ongoing conversations about my compensation, but these conversations did not involve my gender. I have not made a claim of gender discrimination against Bridgewater," Karniol-Tambour said in an emailed statement, calling the report inaccurate.

She has worked at Bridgewater, the world's largest hedge fund, since 2006, according to her LinkedIn (NYSE:LNKD) profile.

"Creating a fair and equal environment for all Bridgewater employees is a top priority ... we can confirm there are no outstanding discrepancies in how men and women are paid at Bridgewater," the firm said.

Bridgewater's former co-CEO, Eileen Murray, filed a lawsuit against the firm in July, saying it was withholding up to $100million in deferred compensation because she publicly disclosedher gender discrimination dispute with the firm.

Latest comments

Women spend more time being passive aggressive, gossiping, checking their makeup, and back stabbing others than do men. The math is pretty easy to do here.
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