Oracle's board says it’s a waste of time and money to publish gender pay data because the company is already committed to equal pay for equal work.
have sued the company, alleging it systematically underpaid women and people of color. Oracle has denied the allegations in both cases, which are pending.
Instead, the board said its existing efforts to promote women in tech, and the fact that four of its 14 directors are women, already puts Oracle at the forefront of gender equality issues, particularly at the top. Chief Executive Officer Safra Catz is also one of just a few women to lead an S&P 500 company.For Smith, the rationale behind measuring pay equity is simple.
Salesforce.com Inc. has spent millions of dollars raising the salaries of female workers after internal reviews repeatedly found disparities.“I’ve had CEOs call me and say, ‘This is not true, this is not real,’” Salesforce founder Marc Benioff told CBS last year. “And I say to them, ‘This is true. Look at the numbers.’”
In the United Kingdom, government-mandated pay disclosures suggest that Oracle, like so many other big companies, still has more work to do when it comes to gender pay equality. Last year, the median hourly wage for women employed by Oracle in the country was 17% less than for men. The disparity for bonuses was a whopping 44%.
So far, Pax and its partners in the effort have persuaded about three dozen companies to publicly release their pay equity figures.
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