Finance

Morgan Stanley’s former global diversity chief sues bank for racial discrimination

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Marilyn Booker attends the BET Awards Welcome Party at Liaison Lounge on June 21, 2019 in Los Angeles, California.

Joshua Blanchard | Getty Images

Marilyn Booker, a 26-year veteran of Morgan Stanley who spent most of that time as the firm’s first global diversity chief, is suing the bank for racial discrimination and retaliation.

Booker, who served as the New York-based bank’s diversity chief from 1994 to 2010 and then worked in the firm’s wealth management division for most of the past decade, was fired in December, according to a lawsuit filed Tuesday in a Brooklyn federal court. 

The suit is the latest alleging that Wall Street firms, whose executive ranks are still largely the domain…



Source cnbc.com

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