Abortion-rights advocates protest outside the Massachusetts State House in Boston on May 8.
Joseph Prezioso/AFP via Getty Images
Major financial firms have backed lawmakers responsible for so-called abortion trigger laws.
Eleven corporate donors and a banking trade group have given some $1.6 million to these lawmakers.
The donations are out of step with the industry’s recent efforts to promote gender equity.
Last September, about eight months into her tenure as the CEO of Citi, Jane Fraser addressed an organization for women in finance with words of encouragement about gender equality in the male-dominated financial-services industry.
“As I look forward, I really am very optimistic. But I also recognize we still need real systemic change in order to achieve gender equality,” Fraser said. “We need companies, nonprofits, governments, bosses, and mentors — we all need to play a role, and we certainly need men to be our partners and champions in this effort.”
She touted Citi’s efforts within the firm and in the industry. She pointed out it was a lead bookrunner on the women-focused dating app Bumble’s initial public offering, working alongside its CEO, Whitney Wolfe Herd, the youngest woman to take a company public.
Full coverage of Insider’s investigation into abortion-ban “trigger laws”:
• The 13 states with abortion-ban ‘trigger laws’ are completely unprepared to enforce them
• A likely wave of state abortion bans was bankrolled by corporations such as AT&T, Walmart, and Citi
• Healthcare corporations are among the biggest financial backers of lawmakers behind state abortion bans
• AT&T has bankrolled politicians behind anti-abortion ‘trigger’ laws in 13 states. Other telecom and media giants aren’t far behind.
• Behind a looming wave of state abortion bans, there are a lot of men
But Citi and its peers have played a part in advancing forces that have undermined the company’s work to promote gender …read more
Source:: Business Insider