Analysis-Boardroom diversity stalls in the face of conservative backlash [Yahoo! Finance]
Starbucks Corporation (SBUX)
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Source: Yahoo! Finance
directors at Fortune 500 companies for references to diverse candidates for boards. Now, she says, it's "very sporadic." "During the George Floyd days there were dozens and dozens of them," said Hobson, the co-CEO of Ariel Investments who also serves on the boards of JPMorganN and Starbucks. "Those requests have dramatically dropped." Over the past year, Reuters and other media have reported that a backlash against diversity, equity and inclusion (DEI) policies by some conservative activists has sapped corporate enthusiasm for them. Interviews with corporate directors and advisers as well as a recent study on corporate boards paint a stark picture of how pronounced the fallout of that backlash has been. Among Russell 3000 companies, the number of new Black directors fell to 12% in 2024 from 26% two years ago, according to the study by business research group the Conference Board and data firm ESGAUGE. At the same time, the number of new white directors bounced back to 69%, up
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SBUX
Earnings
- 10/30/24 - In-Line
SBUX
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- 12/3/24 - Form 4
- 11/29/24 - Form 144
- 11/25/24 - Form 144
- SBUX's page on the SEC website