The Business Case for Boardroom Diversity
When big banks see a benefit in helping companies recruit more diverse directors, it’s a sign that there are not just morals at play there is money at stake, too.
So many boardrooms, so few diverse board members.Credit.Karsten Moran for The New York Times
Jan. 23, 2021
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When Goldman Sachs announced that it would help companies go public only if they had at least one diverse board member meaning that the bank wouldn’t work with I.P.O. hopefuls whose directors were all white men it was met with a mix of support and skepticism. In the year since, with less fanfare, the bank has also built up a business to help recruit directors for those boards, which has expanded to cover public companies as well.
Cryptocurrency Start-Up Underpaid Women and Black Employees, Data Shows
An analysis of internal pay data at the San Francisco company Coinbase shows disparities that were much larger than those in the tech industry.
The San Francisco offices of Coinbase in 2017. Women and Black people who work at the company have leveled complaints about unfair treatment.Credit.Jason Henry for The New York Times
Dec. 29, 2020
The fast-growing cryptocurrency start-up Coinbase has been rattled in recent months by tensions between executives and employees who said they were being treated unfairly because of their race or gender.
While management at the company has argued that the complaints were limited to a handful of employees, Coinbase’s own compensation data suggests that inequitable treatment of women and Black workers went far beyond a few disgruntled workers.