Categories: OLD Media Moves

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.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.