Did you know? According to an analysis by the Washington Post, America's 50 biggest companies committed close to $50 billion to addressing racial inequality since George Floyd's death. Breaking that down, about $45B was allocated as loans or investments by banks, and about $4B in the form of grants (most going to support economic mobility and education). Of that, ONLY $70 million (or just 2%) went to organizations related to criminal justice reform. WaPo's analysis revealed that "despite their strong statements after George Floyd's murder, companies hesitated to pour vast sums into the core issue that sparked last summer's racial justice demonstrations." Why? Most companies found the issue too polarizing and controversial. What are your thoughts on how corporate America is reacting to, or addressing/not addressing criminal justice + police reform? An interesting read: https://www.washingtonpost.com/business/interactive/2021/george-floyd-corporate-america-racial-justice/

Posted by Florence Chung at 2021-08-25 17:08:43 UTC