#GAReads | Goldman Sachs Pays Women in U.K. 56% Less Than Male Colleagues
Goldman Sachs Group Inc. pays women in the U.K. an average of 56 percent less than male colleagues, another stark example of the entrenched gender imbalances in the richest corners of the global economy.
The gap widens to 72 percent for year-end discretionary bonuses, a spokesman for the Wall Street bank said Friday. The newly required disclosures compare what all of Goldman’s male U.K. employees make with what all female employees do. The gap reflects the high concentration of men in senior and lucrative positions, while a bigger share of lower-paid jobs are held by women.