News

Diversity

Kimberly Redmond | Equities.com |

Democratic senators reported having more than 38% of staff members who identify as “non-Caucasian,” up 3.5% from 2020, according to the latest data from the Senate’s Democratic Caucus Diversity Initiative.

The annual survey, launched in 2017, is part of the caucus’s ongoing diversity initiative aimed at building a workforce that better reflects the makeup of the country. It includes breakdowns of race, ethnicity and gender, as well as percentage of staff who identify as LGBTQ.


Kimberly Redmond | Equities.com |

A newly-released report found that the COVID-19 pandemic has stalled the UK’s progress in promoting more women to leadership roles.

Published Wednesday by gender diversity company The Pipeline, the Women Count 2021 looked at the makeup of the FTSE 350, an index comprising the constituents of the FTSE 100 and FTSE 250, the largest UK listed companies.


Kimberly Redmond | Equities.com |

Major League Baseball (MLB) plans to commit at least $100 million — and up to $150 million — over the next decade to help increase the number of Black players, managers, coaches and team executives.

Starting in 2023, MLB will provide $10 million annually, along with an additional $5 million to match fundraising efforts from the Players Alliance, a nonprofit made up of 143 active and former major leaguers.


Kimberly Redmond | Equities.com |

Ford Motor Company and General Motors Company have both replaced the use of “chairman” with chair in an effort to create more inclusive work environments. According to The Detroit Free Press, Ford notified federal regulators on July 9 that its board of directors voted the previous day to amend the company bylaws to “adopt gender neutral language throughout, including the title “chair” instead of “chairman.”


Reuters | Equities.com |

Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed at helping its clients grapple with climate and diversity reporting and also in artificial intelligence, as part of its new global strategy.

The new hires will come from mergers and acquisitions PwC completes and direct hires from competitors, Global Chairman Bob Moritz said in an interview. Of the 100,000 people PwC will hire, about 25,000 to 30,000 will be in the United States, and 10,000 of those will be from Black and LatinX communities, Moritz said.


Kimberly Redmond | Equities.com |

Google reassigned its global diversity lead Kamau Bobb after his antisemitic comments from a 2007 blog post resurfaced.

On Thursday, the Alphabet Inc (Nasdaq: GOOGL) subsidiary said that Bobb apologized for his remarks but will no longer be part of the diversity team. Instead, he will work in STEM education at the company.


Reuters | Equities.com |

General Motors Co will double its commitment to spending with Black-owned media to 4% of its ad budget next year with a target of reaching 8% by 2025, the U.S. automaker said on Friday.

GM has come under criticism, including in full-page ads in several national newspapers, from some Black media leaders for not advertising enough in Black-owned media. GM said it will spend 2% of this year's budget in that sector.


Reuters | Equities.com |

Berkshire Hathaway Inc reversed course on Friday and told an activist group it could present a shareholder proposal remotely for the company’s May 1 annual meeting, in line with renewed guidance from the U.S. securities regulator.

Warren Buffett’s insurance and investment company traditionally draws thousands to its extravagant annual meeting in Omaha but, like many top U.S. corporations during the coronavirus pandemic, had asked investors to log in to the meeting remotely instead of attending in person.


Kimberly Redmond | Equities.com |

Target Corporation (NYSE: TGT) announced Wednesday it will add products from more than 500 Black-owned brands, spend more with Black-owned businesses such as marketing and construction companies and launch a support and mentoring program for Black-owned companies.

The Minneapolis-based big-box retail chain did not specify its current overall spending with Black-owned businesses but said it plans to increase that figure and spend more than $2 billion by 2025.


Reuters | Equities.com |

Google research manager Samy Bengio on Tuesday said he is resigning, according to an internal email seen by Reuters, in a blow to the Alphabet Inc unit after the firings of his colleagues who questioned paper review and diversity practices.

Though at least two Google engineers had earlier resigned in protest of the dismissal of artificial intelligence (AI) researcher Timnit Gebru, Bengio is the highest-profile yet to depart.