Analyst paid '£45,000 less than her part-time colleague'

A highly rated City analyst who quit her £105,000-a-year post alleging sexual discrimination earned £45,000 less than a male colleague who only worked for two days a week, an employment tribunal was told yesterday.

Louise Barton, 52, a media analyst with Investec Henderson Crosthwaite Securities, also received half as much in bonuses as her less experienced colleague, despite having worked in the City for 23 years and being rated best in her field by financial experts.

Mathew Horsman, a former journalist with The Independent, was hired by her company as an investment analyst in 1997. Two years later, he was given a 50 per cent pay increase to £150,000 because his bosses were concerned that he might be headhunted.

The pay rise came after Mr Horsman negotiated to work for only two days a week. The company's chairman, Perry Crosthwaite, had given him permission to go part time so that he could continue developing television programmes and writing a book.

Ms Barton, from Fulham, west London, left her job as a fund manager and is claiming sexual discrimination and unequal pay.

She was finally given a pay rise two years later than Mr Horsman after finding out about his pay deal and complaining to her superiors.

Mr Crosthwaite told the tribunal yesterday: "We raised Mathew Horsman's salary because we were aware he was being headhunted. With one exception Mathew's was the highest salary being paid including the director."

He said the firm had agreed to Mr Horsman's request to work part time because it feared the company might lose business if he left. "We agreed he would only work two days a week as he wanted to work on TV programmes and write an updated version of his book on BSkyB," Mr Crosthwaite said.

"If he had not been there two days a week there would have been companies who would not have stayed with us," he told the employment tribunal. "We decided he should work two days a week rather than give him a sabbatical to pursue his other interests."

Mr Horsman was given the pay rise in July 1999 and worked part time for three months that year before returning to work full time when his television ventures did not materialise. Ms Barton did not receive her salary increase until April 2001.

In four years, Mr Horsman was paid salary and bonuses of £2.2m – twice that of Ms Barton in the same period. The tribunal was told that bonuses were a closely guarded secret and members of staff were not aware of their colleagues' pay.

Investec Henderson Cros-thwaite denies the sexual discrimination allegation. The hearing continues.

News
ebooksNow available in paperback
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Day In a Page

Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

Our partner charities help veterans on the brink – and get them back on their feet
Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

Putin’s far-right ambition

Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

Escape to Moominland

What was the inspiration for Finland's most famous family?
Nightclubbing with Richard Young: The story behind his latest book of celebrity photographs

24-Hour party person

Photographer Richard Young has been snapping celebrities at play for 40 years. As his latest book is released, he reveals that it wasn’t all fun and games
Michelle Obama's school dinners: America’s children have a message for the First Lady

A taste for rebellion

US children have started an online protest against Michelle Obama’s drive for healthy school meals by posting photos of their lunches
Colouring books for adults: How the French are going crazy for Crayolas

Colouring books for adults

How the French are going crazy for Crayolas
Jack Thorne's play 'Hope': What would you do as a local politician faced with an impossible choice of cuts?

What would you do as a local politician faced with an impossible choice of cuts?

Playwright Jack Thorne's latest work 'Hope' poses the question to audiences
Ed Harcourt on Romeo Beckham and life as a court composer at Burberry

Call me Ed Mozart

Paloma Faith, Lana del Ray... Romeo Beckham. Ed Harcourt has proved that he can write for them all. But it took a personal crisis to turn him from indie star to writer-for-hire
10 best stocking fillers for foodies

Festive treats: 10 best stocking fillers for foodies

From boozy milk to wasabi, give the food-lover in your life some extra-special, unusual treats to wake up to on Christmas morning
Phil Hughes head injury: He had one weakness – it has come back to haunt him

Phil Hughes had one weakness – it has come back to haunt him

Prolific opener had world at his feet until Harmison and Flintoff bounced him
'I have an age of attraction that starts as low as four': How do you deal with a paedophile who has never committed a crime?

'I am a paedophile'

Is our approach to sex offenders helping to create more victims?
How bad do you have to be to lose a Home Office contract?

How bad do you have to be to lose a Home Office contract?

Serco given Yarl’s Wood immigration contract despite ‘vast failings’
Green Party on the march in Bristol: From a lost deposit to victory

From a lost deposit to victory

Green Party on the march in Bristol
Putting the grot right into Santa's grotto

Winter blunderlands

Putting the grot into grotto
'It just came to us, why not do it naked?' London's first nude free runner captured in breathtaking images across capital

'It just came to us, why not do it naked?'

London's first nude free runner captured in breathtaking images across capital