Microsoft Shareholders Vote Against Gender Pay Gap Proposal
(Bloomberg) -- Microsoft Corp. shareholders voted against a proposal calling for the company to report more information on gaps in employee pay, ranked according to gender and race.
Less than 30% of shares represented voted in favor of the measure at Microsoft's annual meeting Wednesday.
Arjuna Capital, which praised progress the company has made, tabled a measure calling for it to give more of a precise statistical breakdown on the gender and race pay gap among its workers. Microsoft's board opposed the proposal saying it focused on the wrong numbers and that the company was already focused on the appropriate way of addressing the issue.
To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.net
To contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Robin Ajello, Molly Schuetz
©2019 Bloomberg L.P.
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