Nichols Law has represented doctors, CFOs and lawyers seeking to rectify equal pay. In one case, the Chief Medical Officer told the female doctors the difference was justified because he had a “gentleman’s agreement” to pay a man more. (Yelp!) Even the most successful women experience pay inequality but right now, only those with access to information are able to change that.
Transparency is necessary to change inequality for all women, minorities and for everybody. Not just those in the C-suite. People are starting to share pay information and that’s only going to increase. Businesses need to get ahead of the curve and figure this out. No more gentlemen’s agreements. Please.
