Initiative Category: Inclusion & Diversity

Black Families Average Less Than 15 Percent of Wealth of White Families, Fed Says

The average Black family had less than 15 percent of the wealth of white families in 2019, a trend that barely budged despite economic gains among minorities over the past three years, the Federal Reserve said on Monday.

Racism has cost America $16 trillion this century alone

America's failure to address wide gaps between Black and White communities has cost the economy up to $16 trillion over the past 20 years, according to an analysis published by Citigroup this week. The report -- focusing on inequities that exist in wages, education, housing and investment -- underscores racial tensions that are helping to fuel unrest in the United States today.

Citigroup’s Jane Fraser to Succeed Michael Corbat as CEO

Jane Fraser will become the first woman to run a major Wall Street bank, succeeding Michael Corbat as Citigroup Inc. chief executive when he retires in February.

How Do We Create An Anti-Racist Workplace In A Virtual World?

With nearly half of the UK’s workforce working from home, many of us are signing on to our day with our pets, kids, and partners as “in real life” co-workers. Though we may be glued to the screen on calls with colleagues, we aren’t sitting down the hall or across the desk. Without the traditional in-office 8-hour workday interspersed with chats about pets, recipes and current events, how can we engage on the issues that matter when we don’t have the opportunity to bring them up in passing? How do we build inclusivity and trust remotely?

A Gen-X Adviser to Biden Argues Equality Is Good for Growth

Heather Boushey, who is unofficially one of the top economic advisers to Joseph R. Biden Jr., does not play to type. When the progressive economist and I arranged to meet last December in a Midtown Manhattan coffee shop, I was expecting someone buttoned up, and I couldn’t find her in the room.

SFA’s I&D Co-Chair Keven Chavers Discusses Progress in Our Industry

Kevin Chavers, Managing Director of BlackRock and Co-Chair of SFA’s I&D Initiative discusses progress made by the black community since the start of his career on Coffee With Mizuho.

SFA CEO Michael Bright Interviews Dr. Julianne Malveaux

On the latest episode of SFA’s podcast, Bright Ideas, SFA CEO Michael Bright spoke with labor economist and renowned social and political commentator Dr. Julianne Malveaux about diversity and race relations.

Toward A Racially Just Workplace

Harvard Business School’s African American Student Union marked its 50th anniversary in 2018. To honor the occasion, Laura Morgan Roberts and Tony Mayo took an in-depth look at how African-Americans are faring in today’s workplace.

From Diversity to Inclusion: Why and How Top Companies Are Shifting Their Focus

Managing diversity and cultural differences is one of the top three things CEOs worry about most, according to Harvard Business Review. Yet after years of throwing just about everything at the problem, there is very little to show for it. Diverse employees’ careers to leadership continue to stagnate and retention wanes. Metrics have barely budged (and in some cases regressed) while great ideas and innovation continue to fall short of true potential.

Black women are promoted at far lower rates than White men, report finds

When Facebook’s Chief Operating Officer, Sheryl Sandberg, sat down to dinner with her two children this week, she endeavored to explain to them the significance of August 13, 2020. That is the exact date this year that Black women will catch up to the wages White men made in 2019.