Court Documents Shed New Light on Gender Discrimination at Fidelity Investments

Image via the AP.
Image via the AP.

Fidelity Investments, a company run by female C.E.O. Abigail Johnson and touted for its many women in leadership positions, has recently faced scrutiny after multiple internal sexual harassment allegations became public. Now, thanks to an exhausting number of court documents, a broader picture of gender discrimination at Fidelity is being painted—with accusations of bias and retaliation abounding.


A report by Sabrina Willmer at Bloomberg details multiple gender discrimination cases brought against Fidelity that previously had been hidden due to non-disclosure agreements and terms of settlements. But because Erika Wesson—a former employee who settled with the company in 2011—says the company didn’t keep up their end of the bargain, she, in 2015, filed a breach-of-contract suit in Suffolk County Superior Court in Boston, where Fidelity is based. Now many details have become public record.

As per the terms of her settlement, Wesson says Fidelity was required to provide her with good references after she quit her job as a Fidelity analyst following a series of anonymous harassing emails sent from an account thats name referenced “her anatomy,” one of which read, “Maybe you can go out there and do another deal where you lose millions. Stupid Bitch!”

However, she has not been able to find another job in finance since.

Willmer writes:

...Wesson claims she has been blackballed in the industry and says Fidelity is to blame. Six years later, after about 60 interviews, the Vanderbilt MBA has not found another job in finance. In 2015, she filed a breach-of-contract suit in Suffolk County Superior Court in Boston.

“The facts of this case present a troubling picture of what happens to talented women, particularly in male-dominated fields, who dare to speak up about the discrimination they face,” said Ellen Zucker, Wesson’s attorney. “Too often, they find themselves without a place to turn for support, made the target of unfair scrutiny and told it is they who no longer fit in and should leave.”

Fidelity calls her suit baseless.

According to Wesson, despite a her strong professional record, her former bosses were unwilling to recommend her to other firms. In one particularly gross exchange, documented in email, her potential hirer joked with her former employer about her looks:

...a managing director at investment consulting firm Cambridge Associates, met Wesson, he shot an email to Jeffrey Gandel, another of her former Fidelity bosses: “hubba hubba - how’d you let her go?” Later, presumably after hearing why from Gandel, the consultant got an email from Wesson, which he forwarded to Gandel adding the word “Crap!,” according to one of Wesson’s court filings. Cambridge Associates declined to comment.


In 2014, years into Wesson’s fruitless job search, Enrique Bellido, former director of construction management at Fidelity, sent her an email: “Karma is a bitch isn’t it Erika?”


Fidelity lawyers argue that the company “wasn’t responsible for her former supervisors’ comments because they no longer worked there. Fidelity, itself, it said, had never been asked for a reference.”

Wesson’s complaint is one of six that’s been filed against Fidelity with the Massachusetts Commission Against Discrimination. (Three of those cases were dismissed.) Willmer details the rest here.

Managing Editor, Jezebel



I worked at Fidelity for about a year and a half. somehow Im not surprised. (my boss was all about making us drink the Kool-Aid when I first came on she kept talking about what a great companyit was and you could have a career here” — and it became apparent over time that maybe it wasnt such a great company.) between this and the backlash against the age-based buyouts/layoffs within the last year, I wonder whatll happen.