McDonald’s, JPMorgan Pressed to Rethink DEI-Linked Executive Pay

McDonald’s, American Express, and JPMorgan Chase face a new crop of shareholder proposals asking the businesses to forgo policies that tie executive pay to diversity efforts.

The proposals, seen by Bloomberg Law, were filed by the National Legal and Policy Center, a group that has brought a string of shareholder bids challenging current corporate diversity, equity, and inclusion programs. They ask the companies’ boards to examine incentive guidelines for executive pay and to “consider eliminating discriminatory DEI goals from compensation inducements.”

Diversity incentives have faced pushback from conservative activists that say corporate DEI programs discriminate against White men. ...