At least three wealth managers — and 388 other publicly traded companies — have pledged to end an employment practice that critics say is harmful to victims of sexual harassment.
The number has soared from just five firms in September 2019, when Rachel Robasciotti of impact investing manager Adasina Social Capital and two collaborators began asking more than 3,500 public companies whether they require arbitration of employees’ sexual harassment claims. Robasciotti and other advocates argue that arbitration enables companies to conceal the claims from investors and the public while protecting serial harassers.