Forbes - All Things Diversity 2020

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Morning Banter

The upcoming new year offers a chance to reflect on all that has transpired over the last 12 months. So, let’s reflect.

January saw the start of what was widely heralded as a new decade. But it soon became evident that this would be a year like few before it. Covid-19 led to the shuttering of businesses, disproportionately affecting women and people of color; incessant job loss, disproportionately affecting women and people of color; and extreme illness and, in some cases, death—also disproportionately affecting marginalized groups.

Fast-forward to summer 2020 and in quick succession, Americans were inundated with the recorded killings of Ahmaud Arbery and George Floyd; a viral video of Amy Cooper, a New York City woman who was captured on video calling the police on a Black birdwatcher; and news of Breonna Taylor’s untimely death. 

Protesters quickly took to the streets...and the workplace...and the boardroom...and social media. And corporate America took notice. Corporations of all sizes boldly declared that Black Lives Matter, black squares became ubiquitous, companies instated diversity goals—sometimes tying them to executive pay—transferred money into Black-owned and Black-serving banks and announced multicomma financial pledges at breakneck speed.

This reckoning also saw the fall of corporate leaders (Crossfit’s CEO, a Refinery29 cofounder, and Bon Appétit’s editor-in-chief, to name a few) while others were criticized for the juxtaposition behind their messaging and internal behavior (Google and Adidas) and for sticking their foot in their mouths, multiple times (*ahem* Charles Scharf).

But 2020 wasn’t just about racial issues. It was also a watershed moment for women who left the workforce at alarming rates and shed light on the pandemic’s outsize impact on women, who bear the brunt of caregiving responsibilities.

Now you may be wondering, what does all of this mean for 2021? Or, in journalism speak, what’s the takeaway here? Easy: Diversity and inclusion, which many feared would be pushed to the wayside at the start of the pandemic, is here to stay. Plus, companies at long last realize that D&I is not just a subcategory of HR. In fact, it spans every facet of an organization from marketing, to product creation to financial operations.

As 2020 draws to a close, one other thing is nearing an end: my tenure at Forbes. I’ve enjoyed a remarkable two years growing the
diversity and inclusion division at such a renowned business media outlet and I’m ecstatic to see where it goes from here.

Thank you all for every click, share, and email you’ve sent me during my time at
Forbes and I wish you all a healthy and prosperous new year.

Tweet me at @
ruthumohnews

Ruth Umoh

Ruth Umoh

Editor, Diversity & Inclusion

Quiz Yourself

Which is greater? The amount of money Netflix pledged to put in Black financial institutions or the amount of money Bank of America pledged to address racial inequity.

(Answer located at the bottom of this newsletter.)

Editor's Pick

 
The Year’s Best ForbesWomen Stories
 
 
 
The Year’s Best ForbesWomen Stories

From the self-made women fighting to save their companies to the disability advocates fighting viral TikTok trends, here are the standout stories.

Read The Full Story →

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ICYMI

The systemic exclusion of people over the age of 50 has become more evident during the pandemic.

Most of the world’s nations have never had a woman leader. Here are the female leaders to watch in 2021.

Keen observers are recognizing that Black women are sparking a wave of startups with the potential of becoming unicorns.

Meet the scientists and doctors who became pandemic billionaires. Just a handful are women. 

Studies show that women are less likely to ask for a raise than men. 

Race and gender are promised to be at the forefront of the incoming Biden administration.

Here’s how women should to advocate for themselves in a new job,

Up Ahead

Quiz Answer: (BoA) Bank of America pledged $1 billion to combat racial inequity. Netflix is shifting about $100 million to Black financial institutions.

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