Diversity

Elon Musk's Tesla Inc (NYSE: TSLA) published its first-ever diversity report on Friday. What Happened: The Palo Alto, Calif.-based company's U.S. Diversity, Equity and Inclusion Report outlines the ethnic and gender composition of its workforce. In the report, Tesla...

Facebook Inc. (NASDAQ: FB) has pledged to raise the representation of minorities in leadership roles and will support minority-owned businesses to the extent of $200 million. What Happened In a Facebook post on Thursday, Sheryl Sandberg, COO of the company, explained how the killing of George Floyd...

Google and Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) CEO Sundar Pichai sent a note to employees Wednesday, affirming the company’s commitment to racial equality and announcing measures to support African American employees. What Happened Addressing the violent and racist attacks...

The CEO of Macy’s Inc. (NYSE: M) Jeff Gennette, has highlighted the importance of diversity, inclusion, and the need to support the retailer’s minority staff. What Happened Appearing on CNBC’s “Closing Bell” on Tuesday, Gennette talked about the expectations...

Investment banking giant Goldman Sachs Group Inc. (NYSE: GS) will not serve as an underwriter for any company's initial public offering that doesn't have at least one "diverse" member on its board. What Happened "Starting on July [1] in the [United States] and Europe, we'...

Investors often hear about the virtues of portfolio diversification, but there are other avenues to diversity that can potentially generate positive outcomes. That includes gender diversity, a theme that can be accessed via the SPDR SSGA Gender Diversity Index ETF (NYSE: SHE). The SPDR SSGA Gender...

Citing Doug Haynes, the president of Steve Cohen's investment firm, Point72 Asset Management, Business Insider reported the hedge fund industry has a well-documented performance problem, which is directly connected to a lack of diversity in the industry. Hedge funds are suffering from groupthink,...