Microsoft Corporation (MSFT)’s CEO Apologizes For Sexist Remarks And Affirms Equal Pay For Equal Work

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Microsoft Corporation (NASDAQ:MSFT) CEO, Satya Nadella, has accepted that the answer he gave concerning how women should be paid and promoted might not have been the best, in an exclusive interview on CNBC. The CEO has been under scrutiny in the recent weeks after stating that women should not ask for increased pay but instead trust the system to reward them for their hard work.

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“I was completely wrong in the answer I gave to the question that was asked around how should women promote themselves and make advances to their own careers. I basically took my own approach to how I have approached my career and sprung it on half the humanity, and that was just insensitive,” said Mr. Nadella.

Nadella reiterated that the answer he gave was wrong based on the fact that there are a number of people who may never get promoted based on biased systems. Women carrying out equal tasks as men in the field of technology are never paid equally as their counterparts, something that has been the subject of a raging debate in the recent past.

Microsoft Corporation (NASDAQ:MSFT)’s CEO also stated that leaders should be ready and willing to eradicate any form of biases through the creation of better functioning systems that ensure equal opportunities for both men and women. Nadella also said that anyone who feels that he or she is being discriminated should stand up and let his views be known.

Nadella has already reiterated his commitment to pursuing the matter in Microsoft Corporation (NASDAQ:MSFT) by ensuring women are paid equally as their male counterparts. The executive also emphasized that there should be systems in place that ensure all subjective decisions made in terms of promotions at workplace are not influenced by unconscious bias.

“One of the things that I came back and asked our HR department is; hey let’s take the principal of equal pay for equal work and let’s also talk about equal opportunities for equal work. Those are two core principles for us. On the equal pay for equal work; it turns out we have a very tight band; it is on 0.5%,”said Mr. Nadella.

Jeffrey Ubben‘s ValueAct Capital held over 74 million shares in Microsoft Corporation (NASDAQ:MSFT) at the end of the second quarter..

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