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Article

24 Nov 2019

Author:
Julia La Roche, Yahoo Finance

USA: Salesforce CEO calls on other company executives to close the gender pay gap

"Salesforce's Benioff: Every company has a gender gap that CEOs must close", 24 November 2019

Salesforce... CEO Marc Benioff said there’s “no question” that women and men are paid differently at all companies, as he called on every CEO to close it... Research shows that pay disparity between genders is a persistent problem across virtually all industries... "[There's] no question that every company has a gender pay gap," Benioff said... "But every CEO today can look at their own data and say, 'Am I paying men and women equally?' And everyone should come forward and ask their CEOs, 'Hey, do we pay men and women equally for equal work?'"... 

[I]n the spring of 2015, two senior female executives at Salesforce met with Benioff... they requested that Salesforce examine itself to see if pay inequality existed at the company... The first audit resulted in an adjustment of $3 million. The next year yielded another $3 million change... In all, Salesforce has spent $10.3 million to ensure equal pay for equal work, according to its most recent audit... “[Y]ou can see the huge issues of gender reform going on even in the media today,” Benioff told Yahoo Finance... “Because that is what we're really talking about — Why are we not treating people equally?"...