msftgev (96.84)

Ahh! I'm being sued part II

October 31, 2009 – Comments (2) | RELATED TICKERS: BUD

Here's the article I want'ed to post.

Much thanks to outoffocus for improving my blogging skills.

Former A-B exec claims brewer encourages "fratparty" atmosphere.

ST.LOUIS(AP) - A former Anhheuser-Busch executive who was the company's top-ranking woman has sued the brewer claiming it encourages a "frat party" atmosphere and pays women less in salary and bonuses than men.

Francine Katz, former V.P of communications and consumer affairs for the maker of Bud, Bud Light and other beers, filed the lawsuit Monday in state Ct in St Louis.

In a statement, the brewers current V.P of communications, Terri Voht, said the company believes Katz was compensated fairly and the lawsuit is unjistified.

"Our company firmly believes in treating all employees fairly and values the difference of all employees,specifically prohibiting any form of discrimination based on a person's gender, race,religion, sexual orientation, sexual orientation, national orgin, disability or other prohibited factors" Voght said.

The lawsuit describes a corporate culture that blocked womens advancement with a "locker room" and "frat party" atmosphere Women were excluded from informal social networks, and the company kept "gender related classification systems for compensation that disatvanteged Women.

In 2002, she was promoted to replace John Jacob,who retired. Her lawsuit claimed that while Jacob earned $1.25 mil in salary and bonuses in his final year, she she was paid a combined $500K-$300K in salary and a $200 K in Bonus. By 07 Katz was still earning 46% of what Jacob had earned in 01.

Just to be safe might put in a stop-loss.