Wall Street Journal Pledges to ‘Eliminate’ Pay Gap for Women, Minorities

“Any pay disparity relating to an employee’s race or gender is troubling,” Dow Jones CEO writes

The Wall Street Journal and its parent company, Dow Jones, have pledged to close the pay gap affecting women and minorities. The decision comes after a report showed that women at the company were paid only 87 percent as much as men.

Dow Jones CEO William Lewis emailed staffers on Wednesday to express concern over the situation, according to CNNMoney.

“Any pay disparity relating to an employee’s race or gender is troubling and inconsistent with the standards I strive to maintain at Dow Jones,” Lewis wrote. Wall Street Journal editor Gerard Baker followed up with his own email to his staff on Thursday.

“Insofar as there is any pay inequality, or indeed any disparity of remuneration or opportunity that is ascribable to gender or race, I am personally committed to eliminating it as a matter of urgency,” Baker wrote.