MAGA Citigroup Will Use Pay Raises to Narrow Gender and Racial Gaps The Associated Press by John Carney15 Jan 20180 15 Jan 2018 15 Jan 2018
On the 13th of November, investment advisory group Arjuna Capital submitted a shareholder proposal calling on Citigroup to disclose the company's gender pay gap in the US, UK and Germany as well as relating to US minorities to non-minorities.
Citigroup has yet to publish separate gender pay gap figures for the United Kingdom which under new government rules, do not allow for such adjustments.
In 2017, Bank of America, MasterCard, American Express, JP Morgan, Wells Fargo and Citi all rejected requests from Arjuna for data on pay gaps between men and women and on the pay of minority employees.
The Boston-based investment firm pulled the resolution following a blog post by Citi's Michael Murray, head of human resources, disclosing results from an internal study of US, Germany and United Kingdom operations that found women are paid 99 percent of what men earn and minorities are paid 99 percent of what non-minorities are paid.
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The Pirates were unable to consummate a deal involving him then, but moved him from center to right field before the 2017 season. Per Nightengale , Rivero "will receive $2.5M in 2018, $4M in 2019, $5.25M in 2020, $7.25M in 2021 and $2 million signing bonus".
"This is a tipping point for the Wall Street Banks".
Citi said it had conducted a survey in the three countries, where it found that women and minorities are paid slightly less than men and non-minorities, respectively.
The company also said it would adjust compensation for other individuals, .
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