Skip to content
Subscriber Only

CEOs Lamenting Diversity Pipeline Is a ‘Cop-Out,’ Chenault Says

Kenneth Chenault
Kenneth ChenaultPhotographer: Andrew Harrer/Bloomberg

Corporate heads shouldn’t blame a limited pool of talent on their inability to promote and hire Black executives, said Kenneth Chenault, the former longtime chief executive officer of American Express Co.

Despite many companies making pledges to increase the diversity of their top ranks, some executives, including Wells Fargo & Co.’s Charlie Scharf, have landed in hot water in recent months after making comments that they have struggled to find experienced Black executives.