Read Expensify CEO's email on company's plans for fighting injustice - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

United States Headlines News

Read the email Expensify's CEO sent to customers on MLK Day outlining the company's plan to fight injustices with a 'highly experimental' crowdsourced campaign

- Anything helping those under 18, especially those who are in groups that are already marginalized and suffering injustice.Describe the community work you are already doing, or intend to startExplain how this work relates to one or more of the current funding areasWe expect quite a few applications, so we are going to evaluate them in stages.

report. Specifically, we were struck by the "Gender pay gap by race, relative to white men" chart, which outlines the "uncontrolled pay gap" -- a value that does not limit itself to people in the same role. We feel this is the best measure of the financial effects of accumulated systemic inequality, as in theory if society were perfectly just, everyone would follow the exact same career trajectory regardless of gender or race.

This conundrum is the whole basis of the philosophy of "equity", which led us to our first, very brute-force proposal: let's just directly pay anyone in a historically marginalized group more, based on the Payscale data. This would mean white women, who earn $0.81 on the dollar relative to white men, would get a 19% raise -- to "catch them up". All Black, Native American, and Hispanic women would get a 25% raise.

This led to the third idea -- the one we're actually going with -- which is to take the largest wage gap , and then for every one dollar paid to a white man in the company, donate $0.25 to . The result adds up to about $3MM/yr.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'crowdsourcing'? sounds like a grift, leading to a tax write-off for the company. if this is how they do business, I hope they shutter their doors soon

this is terrible news

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Read Jeff Bezos' letter to Amazon staff announcing CEO exit - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. I like the paragraph where he outlines his parting gifts Hope he eats crow
Source: BusinessInsider - 🏆 729. / 51 Read more »

Must Read: Jeff Bezos Steps Down as Amazon CEO, Rebag Launches Image Recognition TechnologyPlus, Capri Holdings forms the Foundation for the Advancement of Diversity in Fashion. kimjackson06 Nike (they're called Vans and they're awesome) Wow.
Source: Fashionista_com - 🏆 474. / 51 Read more »

Read Coinbase CEO Brian Armstrong's letter from filing to go publicRead Coinbase CEO Brian Armstrong's letter celebrating the cryptocurrency platform filing to go public via direct listing good luck
Source: BusinessInsider - 🏆 729. / 51 Read more »

Must Read: Rihanna May Be Launching Fenty Hair, Ulta Names New CEOPlus, what beauty products will consumers buy this year? ok but, wheres the album? kaye_aitch She won't stop until she conquers the world...love her for that
Source: Fashionista_com - 🏆 474. / 51 Read more »

Amanda Gorman, poet laureate, read 'The Hill We Climb' at inauguration - Business InsiderAmanda Gorman stole the show at Biden's inauguration: Meet the 22-year-old poet laureate who gave a historic 5-minute speech that's gone viral “stole the show” is an exaggeration. She just did well. Some of the Media are looking for a ‘highlight’ in a normal Inauguration Ceremony The poem was so eloquently delivered by Amanda! 👏😀👏😀👏 InaugurationDay
Source: BusinessInsider - 🏆 729. / 51 Read more »