Why So Few Women And Minorities At The Top? Here’s The Real Reason

(Forbes) Only 1% of the nation’s Fortune 500 CEOs are black. Only 4% are women. And not a single one is openly gay. After decades of diversity initiatives and inclusion programs, what’s the problem? That was the question Christie Smithof Deloitte Consulting and NYU Law professorKenji Yoshino asked in their new white paper,Uncovering Talent: A New Model of Inclusion.

The report, created for the Deloitte University Leadership Center for Inclusion (which Smith heads), seeks to “redefine the conversation around inclusion,” she says. “Clearly the needle has not moved with regard to the representation of women and minorities in the senior ranks. The initiatives that companies have spent millions on are, at some level, not allowing women or minorities to break the glass ceiling into the executive suite, so we wanted to step back and answer the question ‘what’s going on here’?”

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