In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to Black youth, their sources of inspiration and how they are working to close the racial wealth gap.
As protests swept through the nation last year, companies began announcing initiatives to promote more diversity, equity, and inclusion (DEI) within their ranks. Corporations have pledged more than $50 billion to these advancement programs.
There is a lot of work still to be done. Data from consulting company Mercer shows that 64% of workers in entry-level positions are white, while white workers hold 85% of posts at the executive level, highlighting a promotion gap.
The Marriott Foundation recently donated $20 million to Howard University in order to develop a pipeline of students for executive leadership. Anthony…
