Bonuses Tied to Diversity in Banks’ Push for Long-Awaited Change
- Wells Fargo to grade leaders on diversity before setting pay
- Goldman announced similar move last year as scrutiny mounted
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When frustrated U.S. lawmakers surveyed the nation’s top banks last year on whether they link diversity figures to executives’ compensation, the answer came back unanimous: No.
Only half of the nation’s eight largest banks said they even consider diversity in performance reviews.