Current:Home > InvestWhy Asian lawmakers are defending DEI and urging corporate America to keep its commitments -FinanceAcademy
Why Asian lawmakers are defending DEI and urging corporate America to keep its commitments
View
Date:2025-04-15 07:36:14
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! (1911)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Despite its innocently furry appearance, the puss caterpillar's sting is brutal
- Sea Level Rise Is Accelerating: 4 Inches Per Decade (or More) by 2100
- Prince George Looks All Grown-Up at King Charles III's Coronation
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Kate Middleton Rules With Her Fabulous White Dress Ahead of King Charles III's Coronation
- See the Royal Family Unite on the Buckingham Palace Balcony After King Charles III's Coronation
- Prince George Looks All Grown-Up at King Charles III's Coronation
- Current, future North Carolina governor’s challenge of power
- Priyanka Chopra Shares the One Thing She Never Wants to Miss in Daughter Malti’s Daily Routine
Ranking
- Bodycam footage shows high
- U.S. Geothermal Industry Heats Up as It Sees Most Gov’t Support in 25 Years
- Sea Level Rise Is Creeping into Coastal Cities. Saving Them Won’t Be Cheap.
- Here's What Prince Harry Did After His Dad King Charles III's Coronation
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Lawsuits Accuse Fracking Companies of Triggering Oklahoma’s Earthquake Surge
- Prince Harry Absent From Royal Family Balcony Moment at King Charles III’s Coronation
- How Life Will Change for Prince George, Princess Charlotte and Prince Louis After the Coronation
Recommendation
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
ALS drug's approval draws cheers from patients, questions from skeptics
Cardi B and Offset's Kids Kulture and Wave Look So Grown Up in New Family Video
Here's How Sarah Ferguson Is Celebrating the Coronation At Home After Not Being Invited
Don't let hackers fool you with a 'scam
Missouri man Michael Tisius executed despite appeals from former jurors
Today’s Climate: June 8, 2010
Wehrum Resigns from EPA, Leaving Climate Rule Rollbacks in His Wake