{"id":26827,"date":"2020-11-16T12:00:55","date_gmt":"2020-11-16T12:00:55","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=26827"},"modified":"2020-11-16T18:14:14","modified_gmt":"2020-11-16T18:14:14","slug":"black-ceos","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/black-ceos\/","title":{"rendered":""},"content":{"rendered":"

Black CEOs make up just 1% of CEOs in the\u00a0Fortune\u00a0500.<\/p>\n

<\/p>\n

The ranks of African-American CEOs running a\u00a0Fortune 500\u00a0company\u00a0remain very slim: There are only five black CEOs on the 2020 list, which debuted last month.<\/p>\n

They include Marvin Ellison at home-improvement retailer\u00a0Lowe’s\u00a0(No. 44), Kenneth Frazier at pharmaceuticals maker\u00a0Merck\u00a0(No. 69), Roger Ferguson at financial services company\u00a0TIAA\u00a0(No. 81), Ren\u00e9 Jones at\u00a0M&T Bank\u00a0(No. 438) and Jide Zeitlin at\u00a0Tapestry\u00a0(No. 485), who became CEO of the company that owns Coach and Kate Spade in September. The only black woman to ever helm a\u00a0Fortune<\/em>\u00a0500 CEO was Xerox’s Ursula Burns, who stepped down in 2016. (Last year, after the 2019 list was published, Mary Winston served as interim CEO of\u00a0Bed Bath & Beyond\u00a0for several months.)<\/p>\n

That means that black CEOs make up a tiny fraction\u2014just 1%\u2014of the\u00a0Fortune<\/em>\u00a0500 despite African-Americans representing 13.4% of the U.S. population, according to the most\u00a0recent government estimates<\/a>. In all there have\u00a0only been 18 black CEOs<\/a>\u00a0on the\u00a0Fortune<\/em>\u00a0500 lists since 1999. The peak was six in 2012.\u00a0With social unrest, protests, mass arrests, and curfews rocking America’s largest cities in the wake of the most recent gruesome videos of treatment of blacks at the hands of police, Ellison and Frazier were among those to speak personally about the crisis.<\/p>\n

We\u2019re in the midst of a reckoning on systemic racism in America, and many companies are promising to do better. They say they\u2019re aware that black people and people of color are woefully underrepresented in their ranks and often especially at the top levels. There\u2019s no denying that the people who will be asked to take on those roles aren\u2019t walking into the rosiest of situations. It could become a good momento to start seeing Black CEOs across these companies, but let us keep in mind they will not only just have to work with a mess on race. They\u2019ll surely pick up a company in the midst of a\u00a0pandemic\u00a0and a major economic downturn. The challenge is truly big.<\/p>\n

\u201cThe issue is you\u2019re not only bringing in this person to fix the firm, but they\u2019re not operating from baseline,\u201d said Chanda Daniels<\/a>, co-founder of the Reclaim, an intersectional women\u2019s rights and gender equity organization. \u201cThey have so much work to do [on fixing office culture] than their predecessor ever had to do. And on top of that, they have to outperform their predecessor to justify them being in the position.\u201d<\/p>\n

Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Black CEOs make up just 1% of CEOs in the\u00a0Fortune\u00a0500.<\/p>\n","protected":false},"author":8,"featured_media":26828,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[844,99,1385,3845],"class_list":["post-26827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-black","tag-ceo","tag-ceo-northam","tag-fortune-500"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=26827"}],"version-history":[{"count":2,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26827\/revisions"}],"predecessor-version":[{"id":26830,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26827\/revisions\/26830"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/26828"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=26827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=26827"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=26827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}