By David Ingram, December 13, 2020
One of the oldest names in the tech industry opened up its books this week to give outsiders a look at how much it pays employees, with unprecedented data broken out by gender and race — and the unusual step is ratcheting up pressure on other tech companies to do the same.
Pressure is also coming from shareholders. Arjuna Capital, a wealth management firm, began pushing Intel to release more data several years ago and has made similar requests of more than 20 other companies via shareholder resolutions seeking information such as median pay.
More shareholder resolutions are coming in 2020 to get other companies to emulate Intel, said Natasha Lamb, a managing partner at Arjuna. “If we continue to lock up this data in a black box, then there’s really no incentive for anything to change,” she said.
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