Bloomberg: Goldman, Citigroup Targeted by Diversity Activists in 2017

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  • Shareholders seek gender pay-gap data, statistics on hiring
  • Focus on banks follows successful campaign on tech companies

 

A trio of activist investors is targeting big U.S. financial institutions in 2017, demanding they disclose compensation data for men and women, and publish statistics about the race and gender of their employees.

Goldman Sachs Group Inc., Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. are among the companies in the sights of Arjuna Capital, Trillium Asset Management and Pax World Management, which say a diverse workforce produces better results.

 

Read the rest of this article at Bloomberg.

Gender Pay Equity, Shareholder EngagementArjuna CapitalAmerican Express, Bank of America, banks, Bloomberg, Citigroup, finance, gender pay equity, JP Morgan Chase, Wells Fargo