Disney reportedly settles $43 million gender pay lawsuit
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Walt Disney Co has agreed to a $43 million settlement in a gender pay lawsuit, addressing allegations of underpaying female employees compared to male counterparts. The lawsuit was initiated in 2019 by former employee LaRonda Rasmussen.
November 27, 2024 | 8:45 am
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Disney has settled a $43 million lawsuit over gender pay disparities, which may impact its reputation and highlight corporate responsibility issues.
The settlement of the lawsuit addresses significant allegations of gender pay disparity, which could affect Disney's reputation. However, the financial impact of the $43 million settlement is relatively small for a company of Disney's size, so the short-term stock price impact is likely neutral.
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