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Visa Promises More Data on Pay Equity, Avoiding Proxy Fight

     

     

Photographer: Andrew Harrer/Bloomberg

Visa Inc.’s promise to disclose additional information about what it pays employees has led a prominent activist investor to ditch a planned proxy fight. 

Arjuna Capital withdrew a shareholder proposal that asked Visa to disclose quantitative data about what it pays employees and how jobs and compensation are distributed by race and gender. Arjuna said it was told by Visa that the payments giant will publish “quantitative statistically adjusted pay gaps” for its current fiscal year, and will later expand its reporting to include median pay gaps.