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Banks are mounting a poor defence on Presidents Club scandal

Banks say their executives attended the event in a 'personal capacity' - but the table relationships appear to be work-related and the message goes against their diversity mantra

There is often a blurred line between where work ends and a personal life starts
There is often a blurred line between where work ends and a personal life starts Photo: CSA Images / Vetta / Getty Images

It’s amazing how many people who attended the Presidents Club dinner were there in a “personal capacity” and not as representatives of their employers. In fact, all three banks that had someone invited or attending — Goldman Sachs, Barclays and Citigroup — have said the same thing.

It is a convenient line for institutions that want to distance themselves from the scandalous events where there were allegations of sexual harassment. If the dinner was nothing to do with work then it is less problematic for the employer to deal with. And if it is not a bank’s responsibility to police what staff do outside work, why should they even provide a comment on the fact one of their employees attended?

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