Current:Home > MarketsWhy Asian lawmakers are defending DEI and urging corporate America to keep its commitments -Clarity Finance Guides
Why Asian lawmakers are defending DEI and urging corporate America to keep its commitments
View
Date:2025-04-15 20:28:39
The executive board of the Congressional Asian Pacific American Caucus is calling on the nation’s top companies to reaffirm their commitment to hiring and promoting Asian Americans, Native Hawaiians and Pacific Islanders amid growing attacks on diversity, equity and inclusion by key conservatives and billionaires like Elon Musk and Bill Ackman.
In a letter to 100 of the nation’s largest companies obtained by USA TODAY, caucus members asked CEOs to report back on Asian representation in corporate leadership and efforts to remedy racial imbalances.
Contrary to the perception that highly credentialed Asian workers face few obstacles as they scale the corporate ladder, remarkably few break into the senior-most executive ranks. A USA TODAY analysis of top executives found that Asian Americans, Native Hawaiians and Pacific Islanders are sharply underrepresented at the highest levels.
After a surge in anti-Asian hate during the COVID-19 pandemic, corporations stepped up efforts to include Asian employees in DEI efforts, but more progress is needed, the Congressional Asian Pacific American Committee said.
The top ranks of America’s largest corporations are still predominantly white and male, while women and people of color are concentrated at the lowest levels with less pay, fewer perks and rare opportunities for advancement, a USA TODAY analysis found.
"With this letter to Fortune 100 companies, we will determine whether the largest businesses in America have followed through on their promises and encourage them to continue this crucial work – even in the face of assaults on diversity, equity, and inclusion from Republican officeholders,” Judy Chu, D-Calif., chair of the Congressional Asian Pacific American Caucus, said in a statement.
The letter is similar to one sent by the Congressional Black Caucus in December to Fortune 500 companies about their DEI commitments.
National Urban League President Marc Morial and other leaders of advocacy organizations have begun banding together to counter a push by conservatives to dismantle DEI efforts. This week, they sent a letter urging business leaders to stand by their commitments.
“We believe it is imperative that CEOs and other company leaders are able to make strategic decisions for their companies without threats of frivolous lawsuits and political pressure, and we will be here with support, every step of the way,” they wrote.
A Supreme Court ruling last summer striking down race-conscious admissions policies in higher education has emboldened attacks on DEI as tensions escalate over how corporate America should address lingering workplace inequality.
The sharp rise in anti-DEI rhetoric and legal challenges comes in response to corporate initiatives to increase racial diversity after the killing of George Floyd in Minneapolis in 2020.
Some companies have cooled talk about DEI initiatives, while others are making changes to diversity programs. A growing number of companies have clawed back DEI programs and staffing.
Zoom Video Communications, one of the companies that launched a DEI program after Floyd’s killing, fired a team of workers focused on DEI as part of a round of layoffs announced last month.
veryGood! (1)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- CNN Producer David Bohrman Dead at 69
- SAG actors are striking but there are still projects they can work on. Here are the rules of the strike.
- Save 48% on a Ninja Foodi XL 10-In-1 Air Fry Smart Oven That Does the Work of Several Appliances
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Will the Democrats’ Climate Legislation Hinge on Carbon Capture?
- Temu and Shein in a legal battle as they compete for U.S. customers
- Two Years After a Huge Refinery Fire in Philadelphia, a New Day Has Come for its Long-Suffering Neighbors
- Former longtime South Carolina congressman John Spratt dies at 82
- These Top-Rated $25 Leggings Survived Workouts, the Washing Machine, and My Weight Fluctuations
Ranking
- Grammy nominee Teddy Swims on love, growth and embracing change
- Travis King's family opens up about U.S. soldier in North Korean custody after willfully crossing DMZ
- Justice Department opens probe into Silicon Valley Bank after its sudden collapse
- After 2 banks collapsed, Sen. Warren blames the loosening of restrictions
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Kendall Jenner Rules the Runway in White-Hot Pantsless Look
- Silicon Valley Bank's fall shows how tech can push a financial panic into hyperdrive
- Kylie Jenner Legally Changes Name of Her and Travis Scott's Son to Aire Webster
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
The Keystone XL Pipeline Is Dead, but TC Energy Still Owns Hundreds of Miles of Rights of Way
China Provided Abundant Snow for the Winter Olympics, but at What Cost to the Environment?
Janet Yellen says the federal government won't bail out Silicon Valley Bank
North Carolina justices rule for restaurants in COVID
Inside Clean Energy: Warren Buffett Explains the Need for a Massive Energy Makeover
Margot Robbie's Barbie-Inspired Look Will Make You Do a Double Take
Step up Your Skincare and Get $141 Worth of Peter Thomas Roth Face Masks for Just $48