Citigroup Admits It Pays Women 29% Less Than Men

Citigroup disclosed its compensation data following pressure from activist shareholder Arjuna Capital, which filed a shareholder proposal asking the bank to report on its global median pay gap.

“This new level of transparency provides investors with baseline metrics to understand broad pay equity at the company,” said Arjuna managing partner Natasha Lamb, adding that investors view pay gap disclosures as “benchmarks to improved diversity in representation, and the performance benefits that diversity affords.”

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