Bloomberg: Big U.S. Banks Resist Pressure for More Gender Pay Gap Disclosure

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.

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