Melissa Butler, founder and CEO of The Lip Bar, shared that sales have declined by 30% since the boycott of Target began earlier this year. The boycott is in response to Target’s decision to roll back its DEI efforts, which include a commitment to increasing Black representation by 20% and a program to feature more products by Black- and minority-owned businesses. Butler is now calling on consumers to support Black-owned businesses through other channels, including buying from them directly. The Lip Bar’s sales declining In a video posted on social media,
Zeal Capital Partners has closed its second fund at $82 million, tripling its assets under management (AUM) to $186 million in just five years. The Washington, DC-based firm plans to invest the new capital in early-stage startups across fintech, healthcare, and the future of learning and work. A Broader, Stronger Investor Base Zeal’s investor base has grown significantly with this latest fund. Zeal’s limited partners now include Citi Impact Fund, M&T Bank, MassMutual, Wells Fargo, Zaffre Investments and Spelman College, according to a press release shared with POCIT. In addition
Women and non-white men hold 50.2% of over 5,500 board seats at S&P 500 companies, for the first ever, according to data compiled for Bloomberg by ISS-Corporate. Compared to five years ago, white men comprised nearly 60% of the directorships. This is significant as President Donald Trump has caused a DEI purge in the country. “It’s amazing that the shift in boards is occurring at the same time DEI is being dismantled in lots of organizations,” said David Larcker, a professor who studies corporate governance at Stanford Graduate School of Business.
Amazon has become a staple of modern life, with millions relying on it for everyday purchases. But few of us stop to consider how our packages magically reach our homes. What if I told you that a robot helped make it happen? On May 7th, Amazon invited POCIT on a sponsored trip to its “Delivering the Future” event in Dortmund, Germany. This is the first in a series of events that will give the media exclusive access to an Amazon innovation center. We were given a sneak peek into Amazon,
It’s been a tough few months for Target after it rolled back its DEI efforts. In a bid to boost company morale, CEO Brian Cornell wrote a memo to employees, but it may have caused more confusion. Cornell admitted that it has been “a tough few months” between the retail economy and “headlines, social media, and conversations that may have left you wondering,” as The Minnesota Star Tribune stated. However, he said Target’s culture and commitment to staff remain the same. Target ending its DEI efforts In January, the retailer announced
Google has agreed to pay $50 million in a racial bias lawsuit against Black staff workers. On Thursday evening, a preliminary settlement covering over 4,000 Google employees in California and New York was filed in Oakland, California federal court, which requires a judge’s approval, according to Reuters. The lawsuit In 2022, the plaintiff, April Curley, proposed a class action lawsuit from the California Civil Rights Department, stating that management gave opportunities only for lower-ranked roles, paid them less, gave them lower performance ratings, and stopped them from opportunities for development
DEI Under Fire is our monthly series that keeps you up-to-date on the latest DEI announcements and changes from the nation’s leading companies. This month, we discovered that more companies are rejecting the anti-DEI wave. Bristol Myers Squibb stood firm on their DEI efforts, highlighting the importance of an inclusive workforce. Berkshire Hathaway also backed its DEI initiatives as shareholders rejected an anti-DEI proposal. Goldman Sachs, however, removed references associated with DEI on its website. Here are some of the latest changes we think you should know about. Remember to
Alondra Nelson, a professor at the Institute for Advanced Study in New Jersey, has announced her resignation from the National Science Board and the Library of Congress Scholars Council. In an op-ed for Time Magazine, Nelson detailed the hostile environment at the Library of Congress since January 2025, the month President Trump commenced his second term. “We’ve also seen civil servants fired and accused of not making the mark, vendors’s contracts ignored, and grants and fellowships cancelled,” she wrote, detailing rising political interference and a breakdown in the integrity of US knowledge institutions. Normalization
Levi’s shareholders voted against a proposal that asked the company to end its DEI efforts. The National Center for Public Policy Research, a conservative think tank, submitted a proposal to shareholders urging the company to “consider abolishing its DEI program, policies, department and goals,” according to WWD. Numerous companies, retailers, and even universities have called back on their DEI efforts to comply with President Donald Trump’s executive orders. In January, Trump revoked a six-decade-old executive order that prohibited workplace discrimination by federal contractors. Levi’s maintains its DEI efforts A company
Anthony Capuano, CEO of Marriott International, stood firm on its DEI initiatives, and his employees couldn’t be more grateful. During an interview at the Great Place to Work for All Summit in Las Vegas, Capuano discussed the new unpredictability surrounding DEI policies following President Donald Trump’s executive orders. Although Marriott leaders have publicly stated that they aspire to be leaders in the DEI space, Trump’s executive orders and policies against these initiatives have caused uncertainty regarding their plans, according to Fortune. Marriott CEO’s stance on DEI During the summit, Capuano
