Hashtags won't cut it. Corporate America faces a higher bar in a reckoning on racial inequality

, sharp criticism by employees has prompted pledges to increase diversity and invest in causes that advance equity.

Yet JPMorgan's efforts have been complicated by its past. Like other banks, it's perpetuated policies that have made it harder for Black Americans to get lower interest rates, qualify for mortgages or access capital. Peters was later fired by JPMorgan. He then filed a discrimination claim with the EEOC and the civil rights division of the Arizona attorney general's office accusing the bank of discrimination, according to the Times report. Peters worked for JPMorgan in Arizona. JPMorgan denies Peters claim, the Times said.

"People will be looking for action-oriented items and executions versus just pacifying a moment with a statement."Companies looking for solutions won't find a quick fix, said Magnus Ogunnaike of civil rights group Color of Change.

But, but corporations have been spending $8 billion annually on D&I. Where is the outcry about D&I programs? What is their ROI?

so blacks are only 14% of the population but are guaranteed 30% of the jobs Poor whites get screwed again.

MorningConsult Blasting banal, obviously insincere internal emails to all employees filled with platitudes but with no specific promises of concrete actions seems to be their go-to follow-up move.

Yeah what that cliche 'be the change you want to see'

fortune 500 & big tech companies talk about diversity every year and continue to do nothing

For BlackLivesMatter—what should be the financial commitment expectations for CorporateAmerica? Apple CEO's tim_cook’s 0.18% Commitment Comcast’s 0.76% Commitment

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kareem Abdul-Jabbar on George Floyd protests: Black Americans have been playing catch-up economically since the Civil WarYahoo Finance speaks with NBA champion Kareem Abdul-Jabbar about the killing of George Floyd and how corporate America can address the racial wealth gap. Says the ultra rich black man. ..still not caught up! And you think they are the only ones? Catch up since the Civil War...right...a nice blanket statement covering the universe. Stick to basketball. ALL blacks? Not whites, too? Latins? Hungarians? Samoans? Cheap shot.
Source: YahooNews - 🏆 380. / 59 Read more »