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SEC says Amazon should allow shareholder vote on gender pay
Source: Reuters
Technology | Fri Mar 18, 2016 5:42am EDT
SEC says Amazon should allow shareholder vote on gender pay
BY MARI SAITO AND NATHAN LAYNE
Amazon.com Inc (AMZN.O) should allow shareholders to vote on a proposal on gender pay equality, the U.S. securities regulator decided this week in rejecting the retailer's request to omit the measure from its annual ballot.
Arjuna Capital, the activist arm of investment firm Baldwin Brothers Inc, said it submitted the proposal to Amazon and eight other technology companies, including eBay Inc (EBAY.O) and Intel Corp (INTC.O).
Only Amazon sought permission from the Securities and Exchange Commission to omit the proposal, Arjuna said.
Arjuna called for an October deadline for Amazon to report the difference between males' and females' pay and its plans to close the gap, according to a filing on the SEC's website.
While such proposals generally face long odds, just getting one on the ballot of a high-profile company like Amazon can be a catalyst for change.
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SEC says Amazon should allow shareholder vote on gender pay
BY MARI SAITO AND NATHAN LAYNE
Amazon.com Inc (AMZN.O) should allow shareholders to vote on a proposal on gender pay equality, the U.S. securities regulator decided this week in rejecting the retailer's request to omit the measure from its annual ballot.
Arjuna Capital, the activist arm of investment firm Baldwin Brothers Inc, said it submitted the proposal to Amazon and eight other technology companies, including eBay Inc (EBAY.O) and Intel Corp (INTC.O).
Only Amazon sought permission from the Securities and Exchange Commission to omit the proposal, Arjuna said.
Arjuna called for an October deadline for Amazon to report the difference between males' and females' pay and its plans to close the gap, according to a filing on the SEC's website.
While such proposals generally face long odds, just getting one on the ballot of a high-profile company like Amazon can be a catalyst for change.
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Read more: http://www.reuters.com/article/us-amazon-com-proxy-workerpay-idUSKCN0WJ2J5