Friday November 28, 2014

Gender gap tops $1 million for CEO pay at lobbying groups

The average annual compensation of the female CEOs at Washington D.C.’s most active lobbying groups in 2010 was $1.43 million, compared to the $2.48 million their male peers received.

According to data in tax filings, the average annual compensation of the women who lead four of Washington, D.C.’s most politically active lobbying groups lags behind that of their male counterparts by more than $1 million, Bloomberg reports. The female CEOs took home an average of $1.43 million in 2010, compared with $2.48 million paid to 26 male executives in the same jobs. The women took away just 57 cents for every dollar earned by the males. “The skills needed to run trade organizations are basically the same,” said Paul Hodgson, senior research associate at GMI. “There should be no differential between male and female CEO pay.”

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