Corporate America Should Amp Up the Volume on DEI
Many businesses remain committed to improving diversity, albeit quietly. It’s an endeavor that would benefit from full-throated advocacy.
Companies committed to diversity should follow Mark Cuban’s lead.
Photographer: Quinn Harris/Getty Images
After the police killing of George Floyd in 2020, corporate America undertook a collective virtue signaling. Many of the companies that were already making efforts to improve diversity, equity and inclusion rushed to promote it, and those that weren’t quickly launched initiatives — a signal that they, too, were doing their part to fight racial inequality.
Nearly four years later, an almost complete reversal has taken place. Nearly 60% of Fortune 500 companies now have a chief inclusion and diversity officer, and about half of the S&P 100 have publicly stated diversity goals. But good luck getting them to talk about it.