Study: When companies hire Black CEOs, their stock jumps

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Researchers reviewing thousands of CEO appointments found firms appointing Black CEOs saw a short-term bump in market capitlization after the announcement.

“To be considered for appointment as CEO, a Black executive would have to repeatedly prove themselves over the course of their careers in ways White CEOs do not,” the researchers wrote. “As a result, newly appointed Black CEOs are likely to exhibit exceptional attributes relative to their White counterparts.”

, a senior partner at Korn Ferry who specializes in board and CEO inclusion. Often they are judged on “performance, not potential.”“I think you have folks that are very talented but never reach the CEO’s seat because it feels impossible to get there when you have all the head winds,” Parsons said, citing the stereotyping, bias and social exclusion Black leaders frequently face.

At first, Jeong and Murphy were surprised by their findings. But when they considered the ways in which Black leaders are facing “a higher bar” to reach those positions, it made sense, they said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

With this picture y’all better not be claiming Walgreens stock jumped because it absolutely has not since they hired Roz Brewer. In fact the stock has gone down. Maybe use a picture of someone who actually grew their stock price.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

BMI Moves to For-Profit Business Model, Eyeing Growth and New InitiativesAfter more than 80 years operating, in effect, as a not-for-profit organization, BMI has decided to transform itself into a for-profit commercial enterprise. Esse cara parece q saiu daqueles sites de imagem paga. yay. Ew
Source: billboard - 🏆 112. / 63 Read more »