OpenAI has responded to Congresswoman Barbara Lee and the Congressional Black Caucus (CBC) after they flagged the lack of diversity on its board. The CBC’s Letter In mid-December, CBC Chairs Rep. Emanuel Cleaver and Lee sent a letter to OpenAI to diversify its board after the ouster and return of CEO Sam Altman. Altman’s return led to the departure of the board’s only two women, Helen Toner and Tasha McCauley. Thus, the tech company had only white male members on its board. In the letter, the pair outlined A’s increasing advancement, which creates
“DEI must DIE,” Elon Musk, the world’s wealthiest person, boldly declared in a Twitter/X post on December 15. “The point was to end discrimination, not replace it with different discrimination.” The South African Tesla and Twitter/X owner doubled down the following day, adding, “‘Diversity, Equity and Inclusion’ are propaganda words for racism, sexism and other -isms. This is just as morally wrong as any other racism and sexism.” Who benefits from DEI? Diversity, Equity, and Inclusion initiatives aim to rectify historical and ongoing discrimination by providing equal access and opportunities
People from historically underrepresented groups are securing more roles at Fortune 500 companies. Nevertheless, a new report has found that they are overrepresented as diversity and inclusion officers and unrepresented in the C-Suite. Fortune 500 C-Suite Snapshot The executive search firm Spencer Stuart reported on its Fortune 500 C-Suite Snapshot, asking how leadership teams of Fortune 500 companies are evolving in response to changing demands. The report mapped leader profiles for 11 roles commonly included in the C-Suite to develop a snapshot of executives in these positions. C-suite executives commonly include the
UK businesses are seeking to rewrite tech’s historically poor reputation for diversity, Wiley Edge’s Diversity in Tech 2023 report found. The technology sector continues to be a driving force behind the global economy, with forecasts indicating that it is set only for further growth. However, the sector has yet to fully address an ongoing problem – the lack of workforce diversity. According to the report, as levels of income inequality reach new highs, the tech sector’s diversity dilemma puts it under added pressure to discover new ways of introducing more
The 2023 Diversity in Tech Report found that 59% of businesses surveyed are struggling to retain their diverse tech talent. According to the report, as levels of income inequality reach new highs, the tech sector’s diversity dilemma puts it under added pressure to discover new ways of introducing more Gen Z professionals. Wiley Edge, an emerging talent and reskill training partner for public and private organizations across the globe, shared the results of their 2023 Diversity in Tech Report. The company conducted a detailed survey of senior IT decision-makers and
California is working on passing SB 54, the nation’s first legislation to increase diversity in venture capital. In California, venture capital investments do not reflect the state’s diversity, according to the bill. It states that companies founded or co-founded by women receive far less investment funds than companies founded by men. Additionally, companies founded or co-founded by people of color receive far fewer investment funds than companies founded or co-founded by white people. Black founders have long faced challenges securing funding for their businesses, with VC funding dropping by 36%
An American Association of Advertising Agencies (The 4A’s) report has found unsolved issues in the advertising industry. A step in the wrong direction for diversity While 2021 witnessed a surge in diversity and inclusion efforts, momentum seemingly dwindled in 2022. At the time, numerous corporations embraced more diverse hiring practices and over 200 tech firms committed to change. However, over the last year, these efforts have begun to decrease, including the media industry losing four Diversity, Equity and Inclusion (DEI) leaders in two weeks. Furthermore, the 4A’s report indicated a
Leading global aerospace company Boeing is investing in scholarships in pilot training to grow and diversify talent. Boeing develops, manufactures, and services commercial airplanes, defence products, and space systems for customers in more than 150 countries. The company reports that since 2019, it has invested over $8.5 million to bring pilot training programs to underrepresented populations in communities across the United States. Investing Nearly $1M In Scholarships Boeing is investing $950,000 in scholarships for pilot training to grow and diversify the talent required to meet significant long-term demand for commercial
In the wake of the Supreme Court’s recent halt to Affirmative Action in college admissions, 13 Republican attorney generals have turned their sights towards corporate diversity programs, with tech giant Microsoft amongst their targets. The Lead-Up Tech industry titans such as Apple, Microsoft, and Uber are facing potential legal ramifications as Republican state prosecutors target their workforce diversity programs. This comes in the wake of George Floyd’s murder, a tragic event that catalyzed these companies to publicly commit to enhancing diversity within their ranks. Their ambitious commitments include plans to
Amanda Rajkumar, Adidas’ global head of human resources, is the latest HR lead to depart from her role following the pattern of women leaving DEI roles at major companies. Rajkumar, a British national with parents from the Caribbean, joined Adidas in 2021 to stem an internal uproar over the company’s handling of racism, diversity, and inclusion. However, the company announced last week the departure of their sole remaining female executive board member. Her predecessor Karen Parkin also resigned from the company in 2020 after she described internal discussions of racism as “noise.” Although
