Forbes - Another Black CEO Is Gone

Plus: 5 Disturbing Signs That You Might Not Be Antiracist After All

Morning Banter

And then there were four.

Jide Zeitlin, the former chief executive of luxury fashion retailer Tapestry and one of just five Black Fortune 500 CEOs, resigned on Tuesday amid a probe into sexual misconduct allegations.

Zeitlin, who served on the company's board for 14 years, was accused of posing as a photographer and luring a woman into a romantic relationship more than ten years ago.

The former executive defended himself in a LinkedIn post, stating, “I made a mistake in having a relationship with this woman and I dealt with that in my personal life at the time...I cannot allow these allegations to be weaponized against me.”

His resignation leaves just a handful of black CEOs at the helm of some of the largest corporations in the U.S.

Send me an email at rumoh@forbes.com.

Quiz Yourself

Which of these black executives is not a current Fortune 500 CEO?

A) Marvin Ellison
B) Kenneth Frazier
C) Ursula Burns
D) Roger Ferguson


(Answer located at the bottom of this newsletter.)

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Up Ahead

• Columbia University is offering a free coding course for the formerly incarcerated. Apply by July 31.
• Get the scoop on Netflix's new initiative to build economic opportunities for Black people in this July 24th webinar.

Quiz answer: (C) Urusula Burns previously served as the CEO of Xerox.