At a time when Americans are congratulating themselves for having a diverse field of political candidates, their business leadership still doesn’t equally value diverse employees and managers. In fact, progress for women and minorities in terms of both pay and power has stalled or regressed at many of the nation’s biggest companies. This inequality shapes perceptions about who can or should be a leader.

More than 40 years after job discrimination was outlawed, the wage gap between white men and just about everyone else persists. The one exception is for Asian-American men, whose median wages were just 1% less than those of white men who worked full time, year round, according to the Bureau of Labor Statistics’ survey in 2005, the latest year for which data are available.

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