American Banker reported on the mixed results of a SourceMedia survey of individuals in the banking, payments and mortgage sectors about the MeToo movement; most respondents said it would impact their industry in some capacity, though they were split on whether the impact would be positive or negative; there was a clear divide on gender lines as most women thought changes would be positive, men respondents mentioned false accusations and some brushed it off as not a big issue; there is some concern that this could force men to hire less women and not mentor women in the workplace for fear of being accused; clear workplace guidelines and a more diverse executive team could bring about real positive change; the MeToo movement is clearly forcing a lot of industries to rethink how they structure their workplace for all employees. Source.
The Venture Capital industry has seen some early signs of positive change when it comes to gender discrimination and diversity; though some still believe there is no issue and that they cannot do anything to effect change; brave women like Ellen Pao and Susan Fowler have helped others to share their stories and men in power have been forced to leave and policies at firms have changed; you are starting to see VC’s hire more women and require companies they fund to show diversity among their executive ranks; there is still a ways to go for VC’s and Silicon Valley overall, though change is happening. Source.