Link staff diversity to CEO pay, urges Hobson

Executive compensation should be tied to workplace diversity, not only because it is the right thing to do, but because it can also lead to sounder decision-making and a better investment outcome, argues Mellody Hobson of Ariel Investments. Hobson, who co-runs the minority-owned equity boutique as president, visited Hong Kong to deliver the keynote address at AsianInvestor’s Diversity in Asset Management event last week. Chicago-based Ariel's 89-strong team manages $10 billion i…