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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Norway wealth fund worker sues for gender discrimination.

Elisabeth Bull Daae sits in court with her lawyer Sigurd Knudtzon on the first day of the case she... Elisabeth Bull Daae sits in court with her lawyer Sigurd Knudtzon on the first day of the case she is bringing against the Norwegian sovereign wealth fund, in Oslo, Norway, April 12, 2023. REUTERS/Gwladys Fouche
Elisabeth Bull Daae sits in court with her lawyer Sigurd Knudtzon on the first day of the case she... Elisabeth Bull Daae sits in court with her lawyer Sigurd Knudtzon on the first day of the case she is bringing against the Norwegian sovereign wealth fund, in Oslo, Norway, April 12, 2023. REUTERS/Gwladys Fouche

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On Wednesday in Oslo, a $1.4 trillion national wealth fund employee sued for gender discrimination.

Elisabeth Bull Daae, head of trading analytics at Norges Bank Investment Management, is suing the central bank arm running the fund for 16 million crowns ($1.54 million) in compensation and damages.

She alleges decade-long underpayment.

The central bank contests the assertions, encouraging its investees to have more women on corporate boards and battle bias.

The fund’s first case will feature central bank Governor Ida Wolden Bache, CEO Nicolai Tangen, Deputy Trond Grande, and CIO Geir Oeyvind Nygaard.

Bull Daae works for the world’s largest investor.

Several male employees requested her to change the men’s washroom soap and check the common fridge for new milk.

“Does work explain such significant salary differences? Gender-based wage discrimination?” Bull Daae’s Sigurd Knudtzon.

The fund’s counsel said the employee-employer relationship had failed despite attempts.

Jan Fougner told the court that the bank appreciated, esteemed, liked, gave her interesting chances, and helped her.

“After nearly a year, they failed. Sad case.”


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