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Article

17 Apr 2018

Author:
Julie Bort, Business Insider

Salesforce has spent $6 million on pay raises for women — and fired an executive

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Salesforce CEO Marc Benioff will be the first to tell you: if you want to create a company that is truly an equal opportunity employer for women, there's several parts to it: You can't just promise to pay women equally, you have to audit your books and be willing to spend millions annually to increase salaries when you, inevitably, find discrepancies. Salesforce has now done that twice, in two years, spending $6 million total... On top of that, CEOs have to provide a safe work environment that stamps out both sexism — the type of behavior that leaves women out of meetings and out of opportunities for advancement — and sexual harassment.

On the equal pay front, he explained, "There has to be pay equality." "We've had to make two pay adjustments already. One $3 million adjustment and a second $3 million adjustment when we acquired a bunch of companies and we bought their pay scales. And even though we had gender equality, we rebooted again," he said... "There's a cultural phenomenon where women are paid less," Benioff said to Stahl. So not only did he adjust salaries, he discussed it all publicly, urging all other CEOs to do so the same... And he admitted on stage, "We recently had to fire an executive that we did not want to have to fire and it's not the first one because they crossed a line that was gray. And in our company gray is not alright. You just have to hold that line."

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