Last week, CitiGroup — with strong encouragement from activist Natasha Lund at Arjuna Capital — offered a blunt assessment of its gender pay gap. One of the world’s largest banking groups, Citigroup revealed that its female employees earn 29% less than men performing similar work.
Meanwhile, Bloomberg — who, as a news source, covered the CitiGroup story — released a list of 230 companies committed to gender equality in the workplace. Guess who showed up on the list of companies performing well? CitiGroup.
How can a company be lauded for its advancement of women and at the same time reveal a significant gender pay gap?