A recent Knight Foundation study found that only 1.4% of America’s wealth is handled by asset management firms owned by women and/or people of color, even though there is zero difference in the performance of the more diverse firms...
Corporate America is making some gains in expanding its commitment to diversity. According to a new study from The Conference Board, 2021 marks the first time that a majority of S&P 500 companies—59%—have disclosed the racial makeup of their boards. The increased transparency is widely considered an important step in advancing equity and inclusion...
For decades, chief executive officers studiously avoided wading into controversial issues of the day...
Post-recession Wall Street reform could head in a new direction. It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency. With Trump’s transition team already in regulatory-relief mode and promising to revamp the Dodd-Frank financial reform legislation, some rules already are marked for death or dialback ...
AP President Franklin D. Roosevelt signs the Glass-Steagall banking bill in 1933. Both political parties want a second life for the Glass-Steagall Act. Rumbling public ire over big banks has both political parties calling for the resurrection of a Depression-era law known as Glass-Steagall. Fans of the statute say it did a great job preventing financial disasters until it was deep-sixed in 1999—and that the near-apocalyptic 2008 financial crisis was the result...
It’s well known that women are drastically underrepresented in the highest echelons of corporate America, and minorities even more so. In a survey recently released by New Jersey Senator Bob Menendez of 69 Fortune 100 companies, just 22.9% of corporate directors were female. People of color made up just 18.3% of directors, and women of color 4.2%...
The strange tale of the Dov Charney-American Apparel divorce has taken another turn, with the clothing retailer getting a restraining order against its founder and former CEO...
Large listed companies must fill at least 30% of the supervisory board seats with female non-executive directors, under new law...
Emails candidly discuss Hollywood stars including Jonah Hill, George Clooney and Angelina Jolie...
Median pay for the 25 highest paid female executives at publicly traded companies edged down to $13.8 million last year from $14.7 million in 2012...
The European Commission's president has asked that EU member states nominate female candidates. Here's why gender quotas are necessary...
Apple Computer And U2 Celebrate New iPod Release Steve Jobs (2nd-R) of Apple Computer poses with Interscope Geffen A&M Records Chairman Jimmy Iovine (L) Bono (2nd-L) and The Edge (R) of U2 at a celebration of the release of a new Apple iPod ...
