Robert Johnson: Corporations will take hiring black workers seriously when they don’t
Robert Johnson, founder of BET, told CNBC on Monday that he believes that once it doesn’t affect their share price, companies will be more serious about addressing racial inequality within their workforce.
“Companies understand return on investment. They understand return on equity. They understand total return on shareholders,” Johnson said “Close the bell.” “Link all of these factors to creating employment opportunities for Black Americans at all levels. I think then you will see results because companies understand that. They respond to financial factors and market conditions.”
Johnson’s comments follow the publication of a new report on black employment in the US private sector from consulting giant McKinsey & Company. Based on data from 24 companies that collectively …