Monday, May 2, 2011

Corporate boards earn a "D" for diversity

By Patricia Sellers

May 2, 2011, 7:37 am

When I started my career at Fortune in 1984, corporate America was a land of white men. As I say in my talks about women and power, bosses back then were white men without facial hair.
We've come a long way—just look at Fortune's Most Powerful Women list.
But a new report on Fortune 500 board composition, released by the Alliance for Board Diversity this morning, should make diversity champions weep.
The boards of America's biggest corporations are getting whiter. At the top 100 companies on the Fortune 500, African-Americans held 4.2% of the total board seats in 2010. That's down from 7.8% in 2004.
In the six years that passed, African-American men lost 42 board seats in 2010. That's down from 7.8% in 2004.

Full Story: http://postcards.blogs.fortune.cnn.com/2011/05/02/corporate-boards-earn-a-d-for-diversity/

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