Wall St Execs Convene Again on LGTB Work Rights
Top Wall Street Executives Convene for First Time on LGBT Equality
Bank of America and CEO Brian Moynihan Host Second Annual Event
NEW YORK, Apr 30, 2012 (BUSINESS WIRE) -- Top executives, including CEOs, from some of Wall Street's biggest banks, along with C-suite executives from other industries will meet to discuss LGBT equality at the second annual Out on the Street Leadership Summit on May 2, 2012. Bank of America Merrill Lynch will host the event at its New York headquarters. This represents the first time that so many senior executives will meet to discuss LGBT equality.
Building on the success of the inaugural summit in 2011, the 2012 summit will focus on the role that support for LGBT equality can play in the retention of talent and the conduct of business. In addition to Bank of America CEO Brian Moynihan, featured speakers include, Lloyd C. Blankfein, chairman and CEO of Goldman Sachs; Paul Singer, CEO of Elliott Capital Management; Ken Mehlman, head of global public affairs, KKR; Lynn Utter, president & COO, Knoll Furniture; John Veihmeyer, Chairman, CEO KPMG LLP; and special guest moderator George Stephanopoulos from ABC.
The senior-level representation at the full-day summit reflects the groundbreaking role
financial services, in particular Wall Street banks, have taken in advancing LGBT rights. Whether reimbursing LGBT employees' pay to address the tax inequalities of domestic
partner benefits or taking highly visible stances on marriage equality, these leaders exemplify the willingness of financial services companies to go beyond the relative safety of employee engagement issues, such as support for LGBT employee groups, into larger issues affecting their LGBT employees.
"We are proud to support the cause of LGBT equality. People are the most valuable resource our company has, and our support for initiatives like this one matters deeply to them," said Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs.
The 2012 Out on the Street summit agenda also includes Sylvia Ann Hewlett of the Center for Talent Innovation, who will be unveiling the early findings of the Center's new global LGBT research, "The Power of Out II." Co-sponsored by Out on the Street, and coauthored by its founder Todd Sears, the study will include deep dives on gender and international challenges.
Breakout sessions will explore a number of topics including the intersection of gender and sexual orientation, how LGBT support translates outside U.S. borders and emerging LGBT opportunities and challenges.
"The movement towards full LGBT equality in the U.S. is driven by corporate leaders such as the members of Out on the Street who are taking increasingly public stances of support," said James P. Gorman, Chairman and Chief Executive Officer of Morgan Stanley, a founding OOTS member.
Member companies of Out on the Street realize that despite the progress in corporate policies, significant challenges still remain for the LGBT community. In just one year, the number of member companies has grown from the founding six banks (Bank of America Merrill Lynch, Barclays, Citi, Deutsche Bank, Goldman Sachs, Morgan Stanley) to eleven organizations,
with the addition of Credit Suisse, HSBC, KKR, KPMG LLP, and UBS.
"Instead of remaining in the safe zone of advocating for LGBT workplace equality which upwards of 70% of Americans support; these companies have taken courageous stances in more controversial areas, marriage equality, support for which only recently passed the 50% mark in polls," (1) Sears said.
1) Gallup Poll, May 20, 2011: http://www.gallup.com/poll/147662/first-time-majority-americans-favor-legal-gay-marriage.aspx
ABOUT OUT ON THE STREET: Out on the Street is the first LGBT leadership organization
for Wall Street, by Wall Street. The summit focuses on bringing senior LGBT leaders together from major Wall Street firms to discuss vital issues, network and collectively set an forward looking agenda for the community on the Street.
2012 Out on the Street Members: Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, KKR, KPMG LLP, Morgan Stanley and UBS.
Created and developed by Todd Sears, diversity leader and former banker, its mission is to engage both gay and straight senior leaders in discussions around making the Street a destination for top talent, as well as to enhance the careers of LGBT senior leaders by creating connections to increase opportunities for business. Out on the Street Leadership Summits bring together senior leaders--LGBT as well as straight allies--to discuss vital issues including cultural change, recruitment, client development and ways to maximize business impact.
ORGANIZATION CONTACT NAME EMAIL PHONE
---------------------------- --------------------- —————————————— -------
Out on the Street Jonathan Saw jonathan@outonthestreet.org 917-273-6498
---------------------------- --------------------- —————————————
Bank of America John Yiannacopoulos john.yiannacopoulos@bankofamerica 646-855-2314
---------------------------- --------------------- ——————————————
Barclays Mark Lane Mark.Lane@barclayscapital.com 212 412 1413
---------------------------- --------------------- ——————————————— - ------------
Citi Anu Ahluwalia Anu.ahluwalia@citi.com 212-559-4114
---------------------------- --------------------- ——————————————— - ------------
Center for Talent Innovation Karen Sumberg ksumberg@talentinnovation.org 212-315-2333
---------------------------- --------------------- ———————————————— - ------------
Credit Suisse Perrin Wheeler perrin.wheeler@credit-suisse.com 212 325 8978
---------------------------- --------------------- ——————————————— - ------------
Deutsche Bank Sigalit Grego sigalit.grego@db.com 212-250-6952
---------------------------- --------------------- ——————————————— - ------------
Goldman Sachs Leslie Shribman leslie.shribman@gs.com 212-902-5400
---------------------------- --------------------- ————————————————
HSBC Rob Sherman robert.a.sherman@us.hsbc.com 212-525-6901
---------------------------- --------------------- ——————————————— - ------------
KKR Kristi Huller Kristi.Huller@kkr.com 212-230-9722
---------------------------- --------------------- —————————————— - ------------
KPMG Laura Sheridan Powers lsheridan@kpmg.com 212-872-7665
---------------------------- --------------------- ——————————————— - ------------
Morgan Stanley Sandra Hernandez sandra.hernandez@morganstanley.com 212-761-2446
---------------------------- --------------------- —————————————
UBS Karina Byrne karina.byrne@ubs.com 212-882-5692
---------------------------- --------------------- —————————————
SOURCE: Out on the Street and Bank of America
Out on the Street
Jonathan Saw, 917-273-6498
Gay Friendly Companies:
These companies were on the list for both 2007 AND 2008:
| Company | Headquarters | Website |
| American Express Co. | New York, NY | http://www.americanexpress.com |
| Ameriprise Financial Inc. | Minneapolis, MN | http://www.ameriprise.com |
| Bank of America Corp. | Charlotte, NC | http://www.bankofamerica.com |
| Capital One Financial Corp. | McLean, VA | http://www.capitalone.com |
| Charles Schwab Corp. | Francisco, CA | http://www.schwab.com |
| Citigroup Inc. | New York, NY | http://www.citi.com |
| Credit Suisse | New York, NY | http://www.credit-suisse.com |
| Deutsche Bank | New York, NY | http://www.db.com/ |
| Fannie Mae | Washington, DC | http://www.fanniemae.com |
| Goldman Sachs Group Inc. | New York, NY | http://www.gs.com |
| J.P. Morgan Chase & Co. | New York, NY | http://www.jpmorganchase.com |
| Lehman Brothers Holdings | New York, NY | http://www.lehman.com |
| Mellon Financial Corp. | Pittsburgh, PA | http://www.mellon.com |
| Merrill Lynch & Co. | New York, NY | http://www.ml.com |
| Morgan Stanley | New York, NY | http://www.morganstanley.com |
| State Street Corp. | Boston, MA | http://www.statestreet.com |
| SunTrust Banks Inc. | Atlanta, GA | http://www.suntrust.com |
| Visa | Foster City, CA | http://www.visa.com |
| Wachovia Corp. | Charlotte, NC | http://www.wachovia.com |
| Wells Fargo & Co. | San Francisco, CA | http://www.wellsfargo.com |
| Company | Headquarters | Website |
| Bear Stearns Companies Inc., The | New York, NY | http://www.bearstearns.com |
| Countrywide Financial Corp. | Calabasas, CA | http://www.countrywide.com |
| HSBC North America Holdings Inc. | Prospect Heights, IL | http://www.hsbcusa.com |
| IndyMac Bancorp Inc. | Pasadena, CA | http://www.indymacbank.com |
| KeyCorp | Cleveland, OH | http://www.key.com |
| KPMG LLP | New York, NY | http://www.us.kpmg.com |
| MasterCard Inc. | Purchase, NY | http://www.mastercard.com |
| Northern Trust Corp. | Chicago, IL | http://www.northerntrust.com |
| Principal Financial Group | Des Moines, IA | http://www.principal.com |
| U.S. Bancorp | Minneapolis, MN | http://www.usbank.com |
| UBS AG | Stamford, CT | http://www.ubs.com |
| Washington Mutual Inc. | Seattle, WA | http://www.wamu.com |
Feel free to post comments about your experiences with Gay Friendly Companies. If you'd like to recommend a company for this section, let us know!
Comments