PROTESTS POINT TO AMERICA’S RACIAL WEALTH GAP

Corporate and nonprofit leaders are echoing the anger, pain and frustration expressed by many Americans after the death of George Floyd, the 46-year-old black man who died in police custody in Minneapolis on May 25 after a white officer kneeled on his neck for more than eight minutes.

On Monday several black leaders in business and finance voiced their reaction to CNBC over the incident, agreeing the unrest that has transpired across America over the past several days is a result of both racial injustice and racial disparity in income and wealth between African Americans and whites in the U.S.

“So much of this unrest, this civil unrest, is tied to economic inequality. That’s just a fact. We need to move the needle on this economic inequality,” said Mellody Hobson, president and co-CEO of Ariel Investments and a member of the board of directors at Starbucks, JPMorgan Chase and Quibi.

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Posted in: Social Justice