Former Morgan Stanley Executive Sues Company Over Alleged Reverse Discrimination

A former executive with Morgan Stanley is suing the company for discrimination, alleging he was let go and replaced with a Black woman with “significantly less experience and qualifications” as the part of the financial giant’s efforts to meet its diversity, equity and inclusion goals.

Filed Tuesday in federal court in the Southern District of New York, the lawsuit alleges that Kevin Meyersburg was unfairly terminated this spring from his role as managing director and head of executive services after three years with Morgan Stanley, despite “an impressive list of achievements.” According to the lawsuit, the executive who relayed the news to Meyersburg that he was being terminated expressed “concern” about the experience level of his replacement and “could not explain to Meyersburg why the decision had been made.”

As a leader, Meyersburg was “an active supporter” of Morgan Stanley’s DEI efforts, according to the lawsuit. He had helped to run a program on inclusive leadership and was in the process of orchestrating another when he learned of his termination. But when Meyersburg expressed confusion about his firing on a call with another executive, he was told “that it was because of [diversity and inclusion] initiatives,” the complaint states.

Read the source article at The Washington Post