"DIVERSITY EFFORT" By Patricia R. Olsen New York Times Sunday, July 13, 2008 An independent diversity monitor will oversee Morgan Stanley’s efforts in carrying out the terms of a five-year, $46 million settlement with female financial advisers and trainees. Catherine Hagen Pepe, a retired lawyer with expertise in issues of workplace discrimination, has been jointly appointed by Morgan and the law firm Mehri & Skalet, which represented plaintiffs in the 2007 settlement. “This is empowering for the women of Morgan Stanley,” said Cyrus Mehri, co-lead counsel for the suit. In a statement, Morgan Stanley said that it was “committed to advancing diversity among our financial advisers,” and looked forward to working with Ms. Pepe. |
