Word on the street is that Kay and Jared Jewelers’ reputation may be tarnished due to possible sexual harassment and discrimination allegations by more than 250 current/former employees. Their stock shares price dropped by approximately 13%, after the “stuff hit the fan”.
According to one former employee, routine sexual “preying” at company events “was done out in the open and appeared to be encouraged, or at least condoned, by the company during her employment. In addition, another former employee stated that “between 1994 and 2008 male executives prowled around like dogs that were let out of their cage and there was no one to protect the female managers from them.”
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