Dow Jones CEO: We will address pay inequity

Dow Jones & Co. CEO William Lewis sent out the following to the staff of The Wall Street Journal, MarketWatch.com and Barron’s on Wednesday:

Dear Colleague,

Recently our union published information showing a pay gap between women and racial minorities and their white and male counterparts.

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. We must, as a matter of urgency, address these issues head on.

I have asked the Executive Leadership Team to do a thorough review of our current hiring, development and compensation programs to ensure diversity and equality are prioritised. This will include a deep analysis of recruitment and remuneration practices across all segments, roles and regions of our organization.

This analysis will allow me to accurately benchmark staff in all roles. I will be transparent about these efforts and the results.

Improvements will then follow.