The U.K. has gone after many of its diversity issues with a warts-and-all approach, requiring companies to disclose their pay gaps. The consensus at Bloomberg's Equality Summit in London was a resounding demand for more action. At Banco Santander, Executive Chairman Ana Botin said "quotas have merits" as the bank faces a gender pay gap of 30% due in part to a lack of women in senior roles. Rachel Lord, BlackRock's head of Europe, Middle East, and Africa, said the "hideously embarrassing" nature of pay disparity should be a catalyst for change.
Banks in the U.K. are indeed facing a grilling over gender pay gaps, but at least change is coming in other fields, including the athletic kind. Women's professional soccer is moving from "dodgy pitches with dog muck" to more professional venues, helped by a sponsorship from Barclays. Women's soccer was found to be a stark example of gender pay inequality, said Kelly Simmons, director of the women's professional game at the Football Association. Did you see this? Sexual misconduct on airlines has a long, grim history, one made worse by carriers that sexualized the role of flight attendants. In the U.S., Congress created a task force to confront the problem, but moves by the Trump administration have advocates worried it may end up being a whitewash. During World War II, the U.S. government paid for childcare. In the last episode of The Pay Check, we explore the lasting legacy of that program. Insurance covers mental health, but good luck using it, Bloomberg Businessweek reports. A third of female lawyers have been sexually harassed, according to a survey of more than 6,900 attorneys from 135 countries.
The real problem with paid family leave is how to fund it, and we're nowhere near an agreement.
The U.S. National Labor Relations Board, now led by appointees of President Donald Trump, released a memo concluding that Uber drivers are independent contractors, a significant victory for management.
Facebook will raise the pay for thousands of content workers, including moderators.
U.S. births fell to their lowest overall number in 32 years, but rose among women older than 34.
These are the highest paying jobs for new U.S. graduates this year. We love charts A record 18% of chief executives were replaced last year, with more top bosses forced out for ethical lapses than were fired for poor performance or disagreements with boards, according to a PwC study. It was the first time ethical lapses led the causes for CEO turnover in the study's 19-year history. No talent shortage The time-worn excuse that women aren't being appointed to positions of power more quickly because of a shortage of talent is prompting some helpful lists to make it easier. In two recent examples, we found 10 women who could join the European Central Bank Governing Council, and after companies in Chile complained they couldn't fine female directors, the government made this list. Like the Business of Equality newsletter? Subscribe to Bloomberg.com. You'll get our unmatched global news coverage and two premium daily newsletters, The Bloomberg Open and The Bloomberg Close, and much, much more. See our limited-time introductory offer. Join Bloomberg's flagship tech event, Sooner Than You Think 2019 on June 11-12 in London. Learn and be inspired by the world's most influential tech leaders. View the website here and apply to attend. Download the Bloomberg app: It's available for iOS and Android. |
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