Arjuna Capital and Baldwin Brothers filed resolutions this shareholder season at nine technology companies asking them to commit to closing the gender pay equity gap. Already this year, Arjuna Capital has announced success in its shareholder engagements at Amazon (Wednesday), Intel (February 3rd) and Apple (March 2nd), all of which reported the gender pay gap is closed, near closed, or will be closed shortly.
"We remain committed to fostering an inclusive workplace for all employees," said Britta Wilson, vice president of Inclusion Strategies and Cultural Integrity, Expedia, Inc. "In recognition of this commitment, we are actively engaged in efforts intended to ensure equity of access and equity of opportunity. As part of this effort, one of our core areas of focus is increasing women in leadership capacities and ensuring pay equity at all levels."
Natasha Lamb, director of equity research and shareholder engagement, at Arjuna Capital said: "We applaud Expedia's leadership as they join the ranks of Apple and Intel to address gender pay equity. Expedia is committed to a comprehensive assessment of gender pay equity. This move is good for Expedia, its employees, and its shareholders. We are now seeing real movement to address gender equity in tech and Expedia is among the companies leading the way."
Expedia, Amazon, Intel and Apple joined the ranks of very few US companies – The Gap, Salesforce.com, and GoDaddy—that have been accountable and transparent in their commitment to gender pay equity.
On a national level, women, who are paid an average of 78 cents for every dollar men earn, will not reach pay parity until 2058. In the technology industry, which struggles to recruit and retain a diverse workforce, recruiting firm Dice reports men earned nearly $10,000 dollars more than women on average in 2014.
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SOURCE Arjuna Capital, Boston