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General Motors CEO Mary Barra has overseen the implementation of programs that foster leadership among women.
- The billionaire investor Paul Tudor Jones cofounded the nonprofit Just Capital in 2013 to measure what Americans want from corporations and which of these companies are contributing to a "more just" society.
- Just has looked at companies in the Russell 1000 that have done an internal pay equity analysis, foster leadership opportunities for women, and provide benefits to mothers.
- Six companies stood out, and General Motors is particularly notable.
- This post is part of Business Insider's ongoing series on Better Capitalism.
America's largest companies have a long way to go before they can achieve equal pay - the National Women's Law Center reports American women make $0.80 for men's $1.00 - but companies like General Motors and PepsiCo are making changes that pay women and men equally for the same work and foster pathways to higher-paying leadership positions.
The investor Paul Tudor Jones has a nonprofit called Just Capital that tracks how companies in the United States are creating long-term value instead of focusing solely on shareholders. It shared with Business Insider the results of a study of 875 companies in the Russell 1000 (excluding companies like real estate investment trusts that they could not measure like the others, and companies acquired in the last year) and found that only six of the largest companies in the US met the following criteria:
- Has conducted a pay equity analysis (with the assumption it is working toward or has corrected for discrepancies)
- Has policies and targets for diversity and equal opportunity
- Has had no controversies around employment discrimination in the last three years
- Has incurred no fines from the Equal Employment Opportunity Commission in last three years
- Provides flexible working hours and day-care services for
employees - Has a board comprising at least 25% women
Just shared with us reasons why these six companies stood out.