Facebook rejects proposal to examine employee pay gaps
At its annual meeting on Thursday, Facebook shareholders rejected a proposal that the company prepare a report on employee pay across gender and ethnicity.
Facebook's board, which recommended against the proposal, argued that it already has systems in place to combat pay inequality. Arjuna Capital, which submitted the idea, says that third-party data suggests there are still gaps.
Why it matters: Along with hiring, pay gaps have also become a hot topic in Silicon Valley's conversation about diversity. Google is currently embroiled in a court battle over allegations that it's not paying female employees as much as men. Meanwhile, Salesforce has now audited its employee pay two years in a row, and spent $6 million to fill in the gaps, according to the company.