SF Gate: Board at eBay to block proposal to report gender pay disparity

EBay’s board will oppose a proposal filed by activist investors calling on the company to disclose the disparity in pay between male and female employees.

Arjuna Capital, a sustainable wealth management group that’s a division of the investment firm Baldwin Bros. Inc., urged the online auction site to produce a report by September that includes “the percentage pay gap between male and female employees, policies to improve performance, and quantitative reduction targets.”

The proposal notes that “a large body of evidence suggests that diversity leads to better performance.”

The board responded that the proposal was not “in the best interests of eBay and its stockholders,” according to a letter Arjuna shared with The Chronicle.

Read the rest of this article at SF Gate.