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NEW YORK – A new report reveals that African Americans remain disproportionately excluded from corporate and nonprofit board membership in New York City: Of the 697 directors that sit on the boards of the city’s 25 largest employers, only 5.7 percent are black. The study, by John Morning and national policy center Demos, also surveyed black participation on the boards of 14 premiere cultural institutions in New York City, finding that only 33 of the total 581 directors were African American.
Though President Obama used the event to declare that “women are not a voting bloc,” it’s clear that the White House had the election in mind when it released a new report Friday on women and girls.
When the banking system reached the precipice of a total collapse in 2008, the U.S. government bailed it out with direct cash infusions as well as a system rigged to allow the banks to “earn” their way out of the mess. They were allowed to borrow for nothing and the Fed jacked up returns on invested reserves.
Corporate accountability campaigns are gaining steam and already racking up victories.This week has seen several stunning victories for direct citizen action. On Wednesday, Coca-cola renounced its membership on the private enterprise board of ALEC, stating that: