Welcome

Carlyle to Tie CEO Pay, Worker Bonuses to Diversity Goals

May 11, 2021, 4:10 PM

Carlyle Group Inc. is the latest company to tie compensation of its chief executive officer to the firm’s performance on certain diversity and inclusion goals as corporate America tries to make good on promises to boost underrepresented talent.

Kewsong Lee’s pay, which totaled $16.4 million last year, will be measured against a “comprehensive set of metrics” including the hiring and development of an inclusive culture, as well as meeting the company’s target of having 30% of board seats of its portfolio companies filled by diverse candidates by 2023, according to Kara Helander, chief diversity, equity and inclusion officer ...

To read the full article log in.

Learn more about a Bloomberg Law Subscription.