Why women and ethnic minorities are more likely to be fired in the finance industry

A study that followed the careers of 1.2 million workers in the U.S. financial advisory industry from 2005 to 2015 found that women are more likely than men are to be fired for misconduct even though the latter are more commonly repeat offenders. Women also have more trouble finding a new job—and men from ethnic minorities are treated similarly. The proportion of a company’s executive who are female or members of an ethnic minority themselves seems to play a role, according to a Bloomberg story.