U.S. Bancorp
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Financials : Banks | Large Cap Value
Company profile

U.S. Bancorp is a financial services holding company. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business and offers commercial and consumer lending, lending services, depository services and ancillary services. Its non-banking subsidiaries offer investment and insurance products to the Company's customers principally within its domestic markets, and fund administration services to a range of mutual and other funds. The Company's bank and trust subsidiaries provide a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations.


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UPDATE: Former COO sues Pinterest for gender discrimination, describes culture of 'misogyny'

11:33 pm ET August 12, 2020 (MarketWatch)

By Mike Murphy

Françoise Brougher says toxic workplace culture made it 'impossible' to do her job, and claims she was fired for complaining about it

The former chief operating officer of Pinterest Inc. is suing the social-media company for gender discrimination, retaliation and wrongful termination.

Françoise Brougher filed suit Tuesday, alleging she was paid less than male peers, marginalized in the office and fired after she complained to CEO Ben Silbermann about her treatment.

"Although Pinterest markets itself to women looking for inspiration, the company brazenly fired its top female executive for pointing out gender bias within Pinterest's male-dominated leadership team," her lawyers said in the lawsuit (https://rezlaw.com/wp-content/uploads/2020/08/2020-08-11-Complaint.pdf) filed in San Francisco Superior Court. "Although Pinterest publicly laments the lack of diversity in its leadership, in practice, it turns a blind eye to the biased thinking that limit women's opportunities for success in leadership roles. "

In a Medium blog post (https://medium.com/@francoise_93266/the-pinterest-paradox-cupcakes-and-toxicity-57ed6bd76960), Brougher said she believes she was fired "for speaking out about the rampant discrimination, hostile work environment, and misogyny that permeates Pinterest."

She said she hopes her lawsuit can help break up the "boys club" atmosphere that dominates many companies.

Brougher was COO when Pinterest (PINS) went public in April 2019, and said she was suddenly excluded from board and product-team meetings shortly after the IPO, making it "impossible to do my job."

She left the company in April (https://www.marketwatch.com/story/pinterest-reveals-sales-and-users-grew-faster-than-expected-despite-covid-19-stock-shoots-higher-2020-04-07). Before Pinterest, Brougher had executive positions at Square Inc. (SQ) and Alphabet's (GOOGL) Google.

In a statement, Pinterest said it is undergoing an independent review of its workplace culture and practices. "Our employees are incredibly important to us and we take all concerns brought to our attention seriously," the company said.

Pinterest shares are up 90% year to date, thanks to a jump in user growth (https://www.marketwatch.com/story/pinterest-stock-rockets-35-after-covid-19-drives-huge-surge-in-user-growth-2020-07-31) amid the pandemic. By comparison, the S&P 500 is up 4.6% this year.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 12, 2020 23:33 ET (03:33 GMT)

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