Thursday, September 27, 2012

After her termination, Albert told Pantheon staff members Foster's employment had been terminated fo




The suit charges that Carol Foster, a principal in her late 40s, missed charter bus tours out on key financial benefits the firm had promised her and lost sales territory to younger male colleagues, while a senior male partner derided her gathering of high-profile women in private equity as a "hen party".
But four months ago, Ellen Pao, a partner at storied venture firm Kleiner charter bus tours Perkins Caufield Byers, sued that firm for sexual harassment charter bus tours and discrimination. The case has become one of the most talked-about charter bus tours events charter bus tours in Silicon Valley.
Like Pao, a graduate of Harvard and Princeton, Foster attended prestigious schools and has an impressive resume. She holds a business degree from Columbia University and worked at Goldman Sachs and Merrill Lynch.
Pantheon specialises in helping institutions charter bus tours invest in venture capital and private equity. With US$23.9 billion ($29.0 billion) under management in Europe, the United States and Asia, it is one of the field's charter bus tours larger players.
From 2009, the suit states, the company started chipping away at those responsibilities, including taking away all her East Coast clients and giving them to a new colleague. Another principal with existing clients on the East Coast had to give up only his prospects, not his clients, to the new hire.
With less territory, Foster believed she would not be able to sell as many of Pantheon's products to clients, the suit states. The cutbacks coincided with a weak fundraising market for fund-of-funds, one of Pantheon's main businesses.
Foster believes her compensation package was less than the compensation for male colleagues of similar positions, the suit says. Her offer letter charter bus tours from September 2008 stated the firm would award her a key financial payment known as carried interest, but she received no carried interest payments in 2009 or 2010, the suit says. She got her first carried interest awards in July 2011.
On December 14, 2011, Foster's direct manager, Kevin Albert, terminated her employment for not making her sales goals and lacking charter bus tours the "characteristics of a good salesperson". For the prior year, her performance rating was "exceeds expectations".
Just prior to her termination, Foster had organised a dinner for women in private charter bus tours equity, attended by a number of high-profile women who were clients or prospective clients. The next morning, Albert emailed her and asked: "How was the hen party?"
After her termination, Albert told Pantheon staff members Foster's employment had been terminated for performance issues, the lawsuit states. He also told a former client of Foster's that she could not "close on money with new clients".

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