To be a bit uncomfortable at phrase "willy-waving" at a conference?

[DadDadDad]

I was at a conference today in London aimed at senior people in my industry, so presenters and audience of professionals.

There was a panel discussion and one of the panellists (partner at a well-known consultancy) talked about how when some new rules were coming into the industry, some big companies were bandying about financial information relating to those rules, and then he dismissed that as little more than "willy-waving". There were two other men on the panel and one woman.

Is the phrase just a slightly jocular and vivid way of saying that companies were (somewhat pointlessly) vying with each other in showing how financially strong they were? Or was I right to feel a bit uncomfortable at the phrase (and uncomfortable for the feelings of the female panellist)? There may have been some nervous laughter at this point, but I can't really remember, and the discussion moved on without any further reference to this remark.

I'm not planning to make a fuss (the panellist doesn't work for the organisers of the conference and it was a one-off remark), but I have a feeling some of you will say I should.

(And I should probably credit MN with "training" me over the years to be a bit more alert to this kind of sexist language ).

It sounds bit vulgar. Should not be used in a professional setting, imho

This ^

There's no need to prove it is or isn't sexist, its crude, silly, and not appropriate in a conference.

If someone spoke that way in a meeting at my work, someone would neither correct them at the time, or have a clear word with them afterwards.

May be fine in an informal chat between colleagues who know one another well however...in personally I think it pokes fun at men if anything, so wouldn't see it as insulting to woman, just a bit vulgar.