Merrill Lynch to pay $160 million to settle racial bias lawsuit

[rapbeats]

random white guy - but but but all you have to do is pull yourself up by your bootstraps..puffy did it.

random black guy that drinks the kool-aid- but but but we're free now so skies the limit. they cant hold us back. its up to you how successful you are in life and on the job.... Jay z did it...

t.w.i.s.m.- if black folks would just go to college and get degrees, we would be successful in every situation.


http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130828&id=16845946

Reuters) - Bank of America Corp's Merrill Lynch unit agreed to pay $160 million to settle a racial bias lawsuit that went through two appeals at the United States Supreme Court, the New York Times reported, citing the plaintiff's lawyer.

Longtime Merrill broker George McReynolds filed the lawsuit in 2005 accusing the brokerage of steering blacks into clerical positions and diverting lucrative accounts to white brokers, resulting in lower pay and fewer career growth opportunities.

The payout in the suit, which was filed on behalf of 700 black brokers who worked for Merrill, would be the largest sum ever distributed to plaintiffs in a racial discrimination suit against an American employer, according to the New York Times.

but but but, we dont need reparations...

 

[Akata Man Bromo]

Waits for the c00ns to spin this one