Bank of America Is 2nd Top U.S. Bank to Act on Shareholder Pressure to Close Gender Pay Gap

Six U.S. banks and financial institutions were first targeted for gender pay gap action in 2017.  This week, Bank of America (BofA) became the second of the banks to agree to report on and work to close the gender pay gap.  In response to BofA’s steps, Arjuna Capital withdrew its gender pay shareholder proposal today, along with co-filer Baldwin Brothers Inc. (1)  On January 15th, Citigroup was the first of the six top financial institutions to take such action.  Repeating the sector-specific gender pay equity campaign that led earlier to…

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