Shareholder Engagement: 4Q19
After years of persistence by our clients and our firm, two of our highest-profile company engagements have come full circle—but in very different ways. The power of persistence is ...
WASHINGTON POST: Amazon, Bank of America and Facebook are under pressure to reveal their median gender pay gap
An investor activist said Wednesday it is targeting 11 additional financial and tech firms — including Facebook, Google parent Alphabet, JPMorgan Chase and Bank of America — urging them in new shareholder proposals ...
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 ...
Citigroup pays women 30% less than men
This year’s larger analysis follows a similar report in 2018 that only examined 36% of its workforce spanning three countries.Citi says that it was the first US bank to release ...
Citigroup is revealing pay gap data most companies don’t want to share
The news, which Citi revealed in a blog post Wednesday morning, followed a proposal from activist investor Arjuna Capital for Citi to go beyond reporting a figure that was recently ...
Giant U.S. bank reveals 29 percent pay gap between men and women
NEW YORK (Thomson Reuters Foundation) – Female employees at Citigroup Inc around the world are paid just 71 percent of what men earn, the giant bank said on Wednesday, declaring its intentions ...
Women at Citigroup have made strides, just not to top ranks
“The fact of the matter is financial services is a heavily male-dominated field, and women aren’t inhabiting the highest-paying jobs and leadership positions,” said Natasha Lamb, managing partner of ...
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. “...
The Washington Post: Why some workers are seeing unexpected pay raises
More and more companies are making broad pay adjustments after taking deep dives into worker pay data. They are auditing their payrolls for gaps between men’s and women’s ...
International Banker: Banks now under increasing pressure to address the gender pay gap
Citigroup is the first US bank to provide wage date divided by gender and ethnicity. Banks have been reluctant to share this kind of data, but proposals from shareholder activists ...
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