Female Economy Essay Example | Topics and Well Written Essays - 2000 words

Female Economy - Essay Example Research suggests that private wealth in America is most likely to grow by sixty percent in the year 2020 (Silverstein & Sayre, 48, 2009). It also suggests that fifty percent of this wealth would go to women. Although women have contributed positively in several fields, yet they experience discrimination and are often underestimated. They are often labeled, differentiated on basis of age or salary, characterized on basis of typical women concept or are incompetent as compared to men. This paper seeks to analyze the issue of gender differentiation and discrimination in the business domain in the lights of broad and diverse academic resources. Frequently, women are discriminated and often underestimated because of several reasons including chauvinist viewpoints, opposing and clashing policies, stereotyped, discrimination on basis of age, etc. Frequently, they are considered to be incompetent as compared to their male counterparts. Research suggests that in financial institutions, women are most likely to experience such characterizations and differentiations (Silverstein & Sayre, 52, 2009). Females in the financial industry and its institutions have made massive attempts and struggles in order to advance in their careers. However, it should be noted that women in the financial domain have the necessary education as well as the experience, yet they do not get promotions because of constant stereotype, labeling and the general culture of the corporate. Research suggests that women employed in financial services are often underestimated and their supervisors and colleagues often talk to them as if they do not have the basic knowledge on the subject. Company Profile Dresdner Kleinwort was founded in the year 1995. During this time, Kleinwort Benson had been acquired by the Dresdner Bank. Additionally, it gained global recognition by means of "the acquisition of the US investment bank Wasserstein Perella in the year 2001" (Christopher, 107, 2010). Its branch in Frankfurt has been successful in commencement of "trade in emission credits" (Christopher, 107, 2010). However, in the year 2008, the company experienced downfall when it's Mergers and Acquisition Department was shut in the year 2008 by Commerzbank. In the year 2009, its office in Japan was shut down. The management of Commerzbank asserted that no additional benefits or bonuses would be given to the Commerzbank group including Dresdner Kleinwort" (Christopher, 108, 2010). In the year 2010, six female employees of Dresdner Kleinwort filed a case against the investment bank because of gender discrimination and differentiation. The case was filed because they did not receive promotions and th eir pay was less as compared to their male counterparts. The case was filed because its female employees were treated as second-class workers. A study conducted in United States demonstrated that more than seventy percent of top management positions were occupied by white males in finance and banking industry. Analysis Environment Dresdner Kleinwort is considered to be a medium sized banking firm, which offers several diverse services and products related to finance. The services which it provides include "capital market products, foreign exchange derivatives and options, loans, collateralized