By: Charity Dell

Charity Dell — Wed, 15 Feb 2012 18:28:56 +0000

Corporations–including anything involved with finance–are only interested in maintaining their “old boy networks.” That’s because they are essentially run exclusively for members of the tribe–those upper-class white men who developed and staffed the institution. The “tribalism” extends to most white women; they are also seen as “superfluous” staff who need not be taken seriously. Remember the white woman who testified to Congress, warning them about the dangers of the “derivatives” scheme? She was mocked and told to shut up, because after all, Alan Greenspan and his ilk “knew better” and were the Current Gods of Finance. White women–no matter how educated/experienced/savvy they are–are not allowed to
penetrate many “glass ceilings” to break into the top echelons of management; so ANY OTHER minority populations are automatically excluded from middle and senior management. Most minority students –including white women–are never informed about the range of finance career options or the training necessary to qualify for these careers. Those minority students who do major in accounting, business or finance fields are not going to be mentored by the “old boy networks”; not going to be informed about or chosen for internships; will not be encouraged to learn foreign languages or go overseas for study or internships; will not be invited to key leadership, strategy or decision-making meetings or consultations.
“Diversity training” must begin in PreK through graduate school–or we will still be run by the same old corporate “tribe” one hundred years from now!

Comments on: Report Documents Lack of Diversity in the Federal Reserve Banks

By: Charity Dell