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Carlyle to Tie CEO Pay, Worker Bonuses to Diversity Goals

  • Metrics include hiring and development of an inclusive culture
  • Firm follows similar programs at Wells Fargo, McDonald’s
Kewsong Lee
Kewsong LeePhotographer: Victor J. Blue/Bloomberg

Carlyle Group Inc. is the latest company to tie compensation of its chief executive officer to the firm’s performance on certain diversity and inclusion goals as corporate America tries to make good on promises to boost underrepresented talent.

Kewsong Lee’s pay, which totaled $16.4 million last year, will be measured against a “comprehensive set of metrics” including the hiring and development of an inclusive culture, as well as meeting the company’s target of having 30% of board seats of its portfolio companies filled by diverse candidates by 2023, according to Kara Helander, chief diversity, equity and inclusion officer at Carlyle. Year-end performance bonuses will be contingent on meeting individual diversity objectives, per a firm spokesperson.