Articles for In the News

JPMorgan Chase's Hypothetical

by Julie Graber | on 6 Jun 2019

JPMorgan Chase’s 2019 proxy statement included an interesting hypothetical in its response to a shareholder resolution that would have required the company to provide a report on its global median gender pay gap.

As you can probably guess, the JPMorgan Chase board recommended that shareholders vote against this proposal. The company, like so many others, states that “[g]lobally, women at the Firm are paid 99% of what men are paid, taking into account factors that potentially impact pay” (an intriguing claim given that the “Firm” reported a 26% gender pay gap for its operations in the UK where such reporting is required by law).

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