Demographics

U.S. employees rated their corporate leaders based on their response to COVID-19.

Citigroup has finally taken a hammer to one of the most-glaring glass ceilings in the finance world after announcing Jane Fraser would become its next CEO.

The Board Challenge, a group of 43 companies, will advocate for corporate boards to draw from a wider pool of candidates to give more executives opportunities to serve.

By 2022, boards with at least nine directors would have to include three or more minority members, the California Assembly said.

In a time with so much uncertainty and so many new challenges, employers must be thinking outside the box to keep employees happy — and DTC-inspired benefits are the easiest way to pack a big punch.

After several years of increases, less than a third of millennials now anticipate changing jobs in the next two years. Young people cited the need for stability as one reason for their desire to stay put.

Members of the bank’s operating committee will be evaluated annually on how much they have increased representation and inclusion of diverse employees in the operations they oversee.

Companies aren’t required by law to publicly disclose the racial makeup of their board and management, but businesses should make public data where employees have self-identified so investors know where they stand on diversity, the CEO said.

Franklin Templeton’s zero-tolerance policy on racism led to the swift firing of its former head of insurance investment, Amy Cooper, according to the head of its parent company.

Young people entering the labor market during a recession can suffer the fallout for years because they struggle to find a job or have to take one that doesn’t match their educational background.