Wall Street has long been thought of as a boys' club,
riddled with coke-fueled steak orgies.
And as all movies set in the 1980s have shown,
the sexist debauchery had no limits.
But according to recent articles,
Wall Street is finally addressing
its culture of sexual harassment
in response to #MeToo.
Could these bros really be going
from degenerates to "de-gentlemen"?
This is really exciting. You covered a story
that I'm thinking about ripping off as my own story
about how the culture is really shifting on Wall Street
and how men are actually changing their actions
when it comes to #MeToo.
That's right. They are changing their actions
when it comes to #MeToo,
but not in a way that benefits women.
Oh, okay. Sorry.
I-I didn't really read it.
I'm busy.
In fact, it's quite the opposite.
Um, #MeToo seems to be having a backlash on Wall Street,
where men seem to think that they should stop interacting
with the women that they work with.
-What? -And we actually spoke
with some men who were rethinking
about ever even hiring a woman again.
And we talked to one man who said
that he doesn't have dinner with women under 35 anymore.
That's the stupidest shit I've ever heard.
-What are they afraid of? -There seems to be
an actual paranoia that some women
will make up a false accusation against them
that could ruin their careers.
So men are pretending that women are pretending
that men are harassing them?
Makes no (bleep) sense.
To observe these men in their natural habitat,
I had to approach them carefully.
I have been hearing that men are terrified
in the wake of the #MeToo movement.
Is that true?
Um...
You know, I don't think it's really, um...
Uh...
The fear is palpable here.
Men are terrified to speak.
-That's fine. That's... Thanks. -Good luck.
Hi, sir, excuse me. Um... Anybody?
But #NotAllMenWereSpeechless.
I could turn this around and say, you know,
I know plenty of women that are very aggressive now.
Want to be men.
Want to go to Chippendales.
They want booty calls.
There are women bosses out there that abuse their power.
So-and-so. See her?
-She got the position because... -This woman right here?
No, no, I was just saying.
I've heard of a woman who grabbed a guy's ass
or, you know, touched him,
and he was married and didn't like it.
-I-I wouldn't know why somebody would do that. -Had them...
Right. I don't, either.
-Especially when it hasn't really happened. -Yeah.
LYDIC: This guy told me a lot, yet, also, nothing at all.
For a more relevant perspective,
I went to the one place a young Wall Street bro
might be comfortable talking to a woman: a bar.
I think most men are scared
to be left alone with their female counterparts.
Think men are trying to be more careful about that.
About keeping their hands to themselves?
(laughs) Yeah.
I'm sorry, am I making you uncomfortable?
(chuckles): Uh, just a little bit.
LYDIC: I didn't want to scare this poor guy dickless.
To put him at ease, I called in
our senior bro correspondent, Kosta.
Ask him about false allegations.
Ask him about false allegations. Right, bro?
Ask him if there are a lot of false accusations
happening on Wall Street.
Are there a lot of false accusations
happening on Wall Street, broseph?
(laughs) I think some men are scared
that some false allegations are gonna come to light.
Why are they so scared?
She wants me to say, "Why are they so scared?"
Um, I'm definitely scared.
Like, what if I said, "Hey, nice dress" to someone one day,
and they're like, "That guy is trying to come on to me.”
You know, I just don't know where the line is anymore.
It's just so hard to know what you're supposed to do.
-No. -I'm not allowed to take my penis out?
No! Don't talk
-about your penis, period. -You can't even say "penis"
-in the workplace anymore. It's like... -Goddamn it.
Kosta, get the (bleep) out of here.
Dickhole.
You'd think he could handle that.
(laughs): He's great. He's hilarious.
LYDIC: Now I know firsthand
how hard it is to be a woman on Wall Street.
But no one knows better than Sallie Krawcheck,
a CEO and 30-year finance veteran.
When you get particularly a bunch of young guys together
and you get, as I did when I started out,
xeroxed copies of male genitalia left on your desk...
-Oh, my God. -Uh, yes.
Wait, what's a xerox?
And the research tells us that sexism
and sexual harassment continue to exist.
81% of women say they've been sexually harassed at work.
-81%? -Yes.
So, tell me about the hundreds of thousands
of false accusations against good, upstanding,
totally non-douchey Wall Street men.
Zero men have lost their jobs on Wall Street
in the #MeToo movement.
So, then, why are men so concerned
about being falsely accused?
If 81% of women are saying
they've suffered sexual harassment from men,
then some number of men are sexually harassing.
LYDIC: So, a false allegation is about as common
as getting struck by lightning during a shark attack,
but men are still using it as an excuse
to discriminate against women.
I feel like we're at the point now
where we're just gonna have to do something
that's a little more permanent.
-No. -Oh.
My solution is just frigging promote more women
because women can make Wall Street stronger.
Sell! Buy! Sell!
You're doing great. You're fired.
When you have greater diversity in senior leadership,
you have better business results,
higher returns, and it's good for the economy
and the markets and the companies.
-I think that's it. -Mm-hmm.
LYDIC: Sexual harassment is like insider trading
and over-gelled hair: it's all over Wall Street,
and it needs to stop.
But if things are ever gonna change,
men need to quit seeing women as sexual objects
and start seeing them as financial assets.
(cheering and applause)