Story 228

*This story has been edited. See below for detail.

My story involves one of Wall Street’s most powerful lobbying organizations in Washington, Investment Company Institute and its CEO Eric Pan. Pan is known to act out towards his staff and really can’t handle strong women who disagree with him. Sometimes his behavior goes farther. A group of ICI staff have written to its Board of Directors detailing how he fired a senior female staffer and her boss because they reported his inappropriate behavior towards her. The message sent to me and other women on staff is that he can act however he wants and there will be no consequences. If I dare go to HR to complain about the abhorrent behavior I have observed by Mr. Pan – I will be fired. The effort has been written about in NOTUS – https://www.notus.org/money/investment-company-institute-eric-pan-lobbying

The ICI Board includes leaders from BlackRock, Goldman Sachs and JP Morgan. https://www.ici.org/ici-board-of-governors

They do not seem to care how the CEO of ICI treats his staff.

*One of our community members inquired why the name of the ICI CEO had been redacated since it is our policy to publish the names of CEOs, as they are held to a higher fiduciary standard than other company officers. This was our error. We strive for consistency and it has been corrected.

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