Microsoft is the latest of three Arizona Technology Council member companies responding positively to shareholder calls for action on closing the gender pay equity gap. The other two companies are Amazon and Intel.
As a result of Microsoft’s action, Arjuna Capital, a division of registered investment advisor Baldwin Brothers, withdrew its resolution that otherwise would have put the matter to a shareholder vote. The three companies join the ranks of a few U.S. companies, including Council member GoDaddy, that have been accountable and transparent in their commitment to gender pay equity.
Overall, women nationally are paid an average of 78 cents for every dollar men earn and are not expected to reach pay parity until 2058. In the technology industry, men on average earned nearly $10,000 more than women in 2014, according to recruiting firm Dice.