A tribunal has ruled that companies must have transparent bonus systems.
It found that a senior city analyst was discriminated against because she received less bonus money than her male colleagues.
Schroder Securities, now part of Schroder Salomon Smith Barney, paid Julie Bower a £25,000 bonus. The tribunal ruled that this amount was “insultingly low”.
Other analysts at firm received bonuses ten times that amount.
Bower was later forced to resign after being “managed out” of the company.