Arjuna Capital is pushing for a more complete and less rosy accounting of the gender pay gap.
Last year, Citigroup announced that men and women in its workforce were paid equally for equal work — its adjusted gender pay gap, the bank said, was essentially non-existent. The other big U.S. banks also made similar disclosures, and the takeaway—there’s no gender pay gap!—was deceptively rosy.
But earlier this year, Citigroup offered a new analysis. On average, the company’s female employees earn 29 percent less than the men there, a reflection of how few women occupy the most lucrative jobs.
You can read the full story here.