In the UK, as I wrote in one of my previous posts, there are more women in management positions, and on the Board of Directors for companies than any other nation in the world. In fact, the UK has a history of female leadership and empowerment. However, as I was researching the payscale for unicorn companies located in London, I found an peculiar occurrence.
Monitise is one UK's very first unicorns, currently its valuation is over £1 billion and launched its IPO in 2007 on the London Stock Exchange (LON:MONI).
Its Chief Executive Officer Elizabeth Ruse recently quit "for personal reasons" a couple of weeks ago. However, a look into the payscale at Monitise shows an alarming disparity.
In the fiscal year 2014, CEO Elizabeth Buse's total annual compensation was just £42,000 whilst her male colleagues, Lee Cameron (Executive Director) was £663,000; Brad Petzer (CFO) £290,000 and even the Technology Advisor Michael Keyworth was £352,000
Although Ms. Burbidge successfully pivoted her career into the world of venture capital and now is sitting on the Business Advisory Panel for David Cameron, in addition to being one of most powerful women in the UK tech scene, I think it's fair to say that these sorts of injustices eventually come to light, even if Ms. Burbidge has finally talked about this publicly a decade after the fact.
By Sierra Choi