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Forbes: In a surprisingly transparent move on Wednesday, Citigroup revealed that female employees globally earn 29% less than their male counterparts, while U.S. minorities earn 7% less than non-minority employees.
Chief Investment Officer: New CalPERS Board member: “When ESG has nothing to do with maximizing returns and it is just for the sake of being socially conscious, it shouldn’t have a place in our retirement plan”.
Foresters Asset Management: For many years, investors have eschewed responsible investing, using the excuses that responsible investing is “too subjective” or “could hurt performance”. Both of these excuses are proving to be dated concepts.
Business Insider: The operator of The Weather Channel mobile app misled users who agreed to share their location information in exchange for personalized forecasts and alerts, and they instead unwittingly surrendered personal privacy when the company sold their data to third parties, City Attorney Michael Feuer said.
LA Times: When Google was revealed to have paid large severance packages to executives accused of sexual misconduct, outrage swelled, criticism piled on and employees stopped working and walked out of their offices.
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