“It is time for parents to teach young people early on that in diversity there is beauty and there is strength”*…
A new report from global management consulting firm McKinsey examined 1,000 companies in 12 countries, analyzing both financial data and the gender and ethnic makeup of their workforces. Researchers found that firms with diverse executive teams posted bigger profit margins in their respective sectors than companies lacking diversity.
Ethnic diversity was more important than gender diversity, according to the study. Companies that ranked in the top 25 percent in terms of the ethnic mix of their executive boards were 33 percent more likely to be profitable than firms in the bottom 25 percent for diversity.
Women-led companies still had an advantage, however…
See why defeating discrimination to achieve diversity isn’t just an ethical issue, but also an important economic concern: “Companies with Diverse Executive Teams Are More Profitable: McKinsey.” Read the McKinsey report here.
[See also: this.]
* Maya Angelou
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As we celebrate variety, we might send powerfully-painted birthday greetings to Alice Neel; she was born on this date in 1900. A painter of people, landscape, and still life– and a pioneer among women artists– she is probably best remembered for her expressionistic portraits. Indeed, Barry Walker, curator of modern and contemporary art at the Museum of Fine Arts, Houston, called her “one of the greatest portrait artists of the 20th century.”
