Monday, June 05, 2017

Google parent Alphabet’s board opposes ‘gender pay gap’ report

The San Jose Mercury News reports:
As the annual stockholders’ meeting for Google’s parent firm Alphabet approaches, investors including a wealth-management company are asking shareholders to demand a report on a gender-pay gap the tech giant contends does not exist.

The stockholder proposal seeks approval at the meeting Wednesday for the creation of a report outlining “policies and goals to reduce the gender pay gap” at the Mountain View tech behemoth.

Such a report “would include the percentage pay gap between male and female employees across race and ethnicity, including base, bonus and equity compensation, policies to address that gap, methodology used, and quantitative reduction targets,” according to the proposal, contained in a proxy statement to shareholders.

While the proposal from investors Eleanor Shorter and CB Wealth Generation provides statistics about the company’s lack of gender equality in its workforce and in leadership roles, it provides no information indicating women at the company are paid less than men.
Can Google survive political correctness?