Companies are speaking out against racial injustice after the killing of George Floyd, but they have to back it up with action

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Corporations of all stripes have also been issuing public statements in support of racial equality. However, corporate statements could lead to backlash if they aren’t followed by actions that aid progress, experts and activists say.

Protesters and politicians aren’t the only ones making their voices heard on the issue of racial justice in the U.S. following the killing of George Floyd, and many other black citizens, at the hands of the police.

Citizens United v. Federal Election Commission was the Supreme Court case decided in January 2010 that gave corporations and other groups license to spend unlimited amounts of money on political elections. The ruling reversed campaign finance restrictions that had been in place for 100 years. The average salary for a retail sales associate at Nike is $12.12 per hour, according to Indeed.com. On the company’s e-commerce site, there’s a listing for the Air Jordan 6 Retro shoe coming soon with a $190-per-pair price tag.While many on social media and elsewhere have turned their eye toward the lack of diversity among the upper ranks at companies, Oggunaike says a company must ensure fairness and opportunity throughout the organization.

This may be even more of an imperative for consumer companies that come in close, oftentimes intimate, contact with consumers. The committee includes Mary Barra, chief executive of General Motors Co. GM, +4.97% , Jamie Dimon, chief executive of JPMorgan Chase & Co. JPM, +4.50% and Alex Gorsky, chief Executive of Johnson & Johnson JNJ, +0.38% .

 

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These companies are full of sh*t. Look at who they hire and have hired the last decades. It's embarrassing to see these companies cater to minorities now and only when it impacts their profits. Silicon Valley is the worst and you're all using their products/services.

They will because it’s the right thing to do and in their financial interest.

Here a couple thoughts, pay people more, provide educational opportunities, childcare and hire POC in managerial roles including BOD. This helps everyone.

Does that mean they're finally going to shut down factories in China and bring manufacturing back to the US to increase job opportunities?

The root cause of 99% of all the things wrong with the world stems from the corporate profit maximization motive & the perpetual growth model assumption built into our economic machine. Both ensure that the wants of the rich are met before the needs of many.

Interesting POV. Must see.

Silenza = Violenza governments

Discrace to see very few if if any of these statements condem the rioting, looting and domestic terrorist activity.

Genuine as a three dollar bill

The NFL should retire Kaepernick’s number to show respect for Black Lives Matter. That would be more then doing lip service to the problem

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