After Hollywood, after Silicon Valley, after Fox News, all shaken by scandals of harassment, it is now the world of finance is affected: the Fidelity investment fund has just returned two of its leaders who were behaved inappropriately with female staff.
A rarity in the male-dominated Wall Street financial sector, Fidelity is run by a woman. And Abigail Johnson probably wanted to lead by example: in a video broadcast to her 40,000 employees, she repeated that the company had a zero tolerance for this kind of conduct.
Gavin Baker, who managed a $16 billion portfolio of assets, was the first to resign in September: he allegedly harassed a 26-year-old woman.
He was followed by Robert Chow who despite his 30 years of service had to leave following complaints from employees to whom he had made remarks of a sexual nature.
Abigail Johnson, who is probably the most powerful woman in American finance, not only fired the two men but hired a company to monitor the behavior of other male members of the stock department.
Will Abigail Johnson be able to turn the Wall Street Wolf into a lamb?