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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Citi Responds To Shareholder Pressure To Close Gender Pay Gap

Citigroup and Arjuna Capital disclosed today that Citi is taking steps to provide gender and ethnicity wage data and commit to closing the gap, making it the first U.S. bank to respond to shareholder concerns. In response to Citi’s steps, Arjuna Capital withdrew its gender pay shareholder proposal on Monday, January 15, 2018.   Citi’s announcement represents a major shift for U.S. banks and credit card companies, since no financial services company so far targeted by shareholders for gender pay has taken such action. Bank of America, MasterCard, American Express,…

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Unilever in the UK publishes gender pay gap data

Unilever in the UK has today published its gender pay gap results Median pay gap for Unilever in the UK is -2.2% Unilever UK Limited (UK specific operations, including factories) median pay gap is -1.3% Unilever UK Central Resources Limited (global functions based in the UK) median pay gap is 14.9% Unilever in the UK has today published its gender pay gap results in line with the government’s Gender Pay Gap regulations introduced in April this year. Unilever in the UK’s overall results are broadly balanced, with the median hourly…

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SheSays launches an experiment to help highlight the gender pay gap.

SheSays has called on its UK membership to “participate in an experiment to help us close the pay gap”. The website describes the concept as: “THE CONCEPT We’ve been talking about equal pay for over 70 years. The law has enforced it for almost 50. And yet, women still get paid less across 370 of the 426 job classifications in the UK. And more often than not, it’s a lot less. Part of the problem is that we keep our salaries a secret. When salaries are shared, change happens. We’ve…

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