Apr 4, 2017

Salesforce spent $3 million to close employee pay gap this year

Courtesy of Salesforce

As part of its second annual audit aimed at closing employee pay gaps, Salesforce has spent about $3 million this year to adjust the compensation of 11% of its employees, the company said on Tuesday. It spent the same amount last year following its first audit.

Beyond gender: Although Salesforce's efforts to close the pay gap began with a focus on gender, the company has added race and ethnicity to its analysis of U.S. employee pay this year. It also took into account bonuses, not just salaries.

Diversity is still a challenge: Nevertheless, Salesforce's employees are still as diverse as the rest of Silicon Valley—meaning, not very. As of last year, women make up 30.1% of all employees, and hold 22.7% of tech jobs and 19.4% of leadership roles. Only 3.9% of employees are Latino, and 2.4% are black, according to Salesforce's diversity website.

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What to watch in tonight's Democratic debate

Bernie Sanders at a campaign rally in Colorado. Photo: Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images

Bernie Sanders is now the clear front-runner for the Democratic presidential nomination, and his opponents are ready to try to knock him down at tonight's debate in Charleston, South Carolina — especially Michael Bloomberg, who was the punching bag at the Las Vegas debate.

Why it matters: This is the last debate before Super Tuesday, when Sanders is expected to win California and Texas and could secure an insurmountable lead for the Democratic nomination. That's a direct threat to the entire field, but especially to Bloomberg, who skipped the early states to focus on the March 3 contests.

Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

Go deeperArrowUpdated 3 hours ago - Economy & Business