Saturday, September 30, 2023

How Corporate America Kept Its Diversity Promise

Your weekend reads from Big Take

September 30, 2023

Exclusive analysis by Bloomberg News shows how many of the biggest public companies made progress addressing the stark racial imbalances in their workplaces. Graphic: Raeedah Wahid/Bloomberg

Mass protests sparked by the murder of George Floyd in 2020 led to a flurry of company promises, both specific and vague, to hire and promote more Black people and others from underrepresented groups.

Overall job growth in 2021 included 20,524 White workers. The other 302,570 jobs — or 94% of the headcount increase — went to people of color.

The biggest shifts happened in less-senior job categories. White people held fewer of those roles in 2021 than they did in 2020, whereas thousands of people of color were added to the ranks. But the trend continued up the job ladder in top, high-paid jobs, too: Companies increased their racial diversity among executives, managers and professionals.

"Those are astounding percentages," said David Larcker, the director of the Corporate Governance Research Initiative at Stanford University. Read the full analysis.

Search and Report

Parking lot where the SUV was stolen. Photographer: Cornell Watson for Bloomberg Businessweek

Google maintains one of the world's most comprehensive repositories of location information. Drawing from phones' GPS coordinates, plus connections to Wi-Fi networks and cellular towers, it can often estimate a person's whereabouts to within several feet. It gathers this information in part to sell advertising, but police routinely dip into the data to further their investigations. The use of search data is less common, but that has also made its way into police stations throughout the country.

Police say these warrants can unearth valuable leads when detectives are at a loss. But to get those leads, officers frequently have to rummage through Google data on people who have nothing to do with a crime. And that's precisely what worries privacy advocates.

Google says it received a record 60,472 search warrants in the US last year, more than double the number from 2019. The company provides at least some information in about 80% of cases. Although many large technology companies occasionally receive requests for information from law enforcement, police consider Google to be particularly well suited to jump-start an investigation with few other leads. Read the full investigation here.

ㅤAn Act of Labour

"Keir Starmer, to be fair, has moved the Labour Party significantly back to the center"
Tony Blair
Former prime minister of the UK
Polls show Starmer is on course for 10 Downing Street, but he's struggling to show voters he has a plan to fix broken Britain.

645
That's the number of private equity firms that haven't raised a new buyout vehicle since the start of 2015.

What Else We're Reading

No comments:

Post a Comment

‘No landing’

Bloomberg Evening Briefing View in browser The " no landing " scenario, one where the US...