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White males top corporate boards, Asians bottom: Study
Financial Express ^ | 5/12/05

Posted on 05/12/2005 10:50:55 AM PDT by anniegetyourgun

Los Angeles, May 12 U.S. corporate boards severely lack diversity, and companies "recycle" Hispanic and African-American directors, hiring them on multiple boards, a new study showed on Wednesday.

White men hold 71 percent of seats on Fortune 100 boards, the Alliance of Board Diversity said in its report based on directors holding seats last September.

Women and minorities collectively account for 29 percent of seats, with minorities holding 15 percent, the group said.

Carolyn Chin, a director of the Chinese American group Committee of 100, which worked with the Alliance, called the record "pathetic" for corporate America but said that signs pointed to change.

"With all the scandals and Sarbanes-Oxley (corporate accountability law), the fact that board members are aging, there is going to be a big move away from what we call male, pale, stale," Chin said in an interview commenting on the report.

There is even a lack of diversity among the individual minority members of boards: many work for more than one company. African American men hold an average of 1.6 board seats per person and Hispanic men hold 1.3 seats, compared with the average for all directors of 1.2.

Asian-Americans, by contrast, have the lowest representation, at 1.1 percent of board seats, but are not "recycled".

"Evolution is a slow process." said Ilene Lang, president of advisory group Catalyst, which advocates on behalf of women in the work place. Catalyst, Executive Leadership Council, an African-American group, and the Hispanic Association for Corporate Responsibility make up the Alliance for Board Diversity.


TOPICS: Business/Economy; Culture/Society
KEYWORDS: boards; diversity; pc; whitemales; workplace
PC bites.
1 posted on 05/12/2005 10:50:55 AM PDT by anniegetyourgun
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To: anniegetyourgun

I think it's the fluctuations market. ;)


2 posted on 05/12/2005 10:52:08 AM PDT by secret garden (Go Spurs Go!)
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To: anniegetyourgun

Hey, I'm a white male and I'm not on a board. I'm outraged!


3 posted on 05/12/2005 10:53:04 AM PDT by RexBeach ("I can see it now. You and the moon. You wear a necktie so I'll know you." -Groucho Marx)
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To: anniegetyourgun

Knowing their work ethic, and the drive to learn and educate their young, Asians will not be on the bottom for long.


4 posted on 05/12/2005 10:53:23 AM PDT by Ramonan (Honor does not go out of style.)
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To: Ramonan

I don't think individual aggression is as emphasised in Oriental cultures as in European ones. That may contribute to a lower number of Asian CEOs.


5 posted on 05/12/2005 10:58:48 AM PDT by FierceKulak
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To: anniegetyourgun
White men hold 71 percent of seats on Fortune 100 boards

Tall men hold 80+ percent of NBA player positions, as well.

I swear, every time I read a statement like this, I wonder how people think.

They seem to think that the boards exist permanently, that the Fortune 100 companies exist permanently, and that no matter what happens, they will go on existing, so we should make the places as diverse as possible.

It never occurs to them that maybe the REASON they're in the top 100 is BECAUSE of the actions of this or that executive.

6 posted on 05/12/2005 10:59:54 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: anniegetyourgun

A lot of board positions are filled with stock holders, because it is an elected position, and stock holdrs vote.

The token slots these whiners are carping about are usually reserved for "independent board members" (read: people who can be trusted to show-up, shut-up and stay out of the way).

Why should it be any different? The purpose of a corporation is to make money, not to support diversity.


7 posted on 05/12/2005 11:00:22 AM PDT by konaice
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To: anniegetyourgun

"what we call male, pale, stale"

...and get away w/making such "insensitive, insulting comments".


8 posted on 05/12/2005 11:00:56 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue.)
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To: anniegetyourgun

White guys are 71%, minorities (are they counting women? this gets so confusing) as 15%. Isn't that about the population distribution?


9 posted on 05/12/2005 11:02:31 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue.)
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To: RexBeach

Take heart; obviously it's not racial in your case, it's personal.

Don't that make you feel good?


10 posted on 05/12/2005 11:03:22 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue.)
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To: FierceKulak

I'm sure there are many "cutthroat" Asian CEO's in Asian countries! Maybe folks who happen to look Asian just aren't viewed that way in the U.S. (just a guess).


11 posted on 05/12/2005 11:04:11 AM PDT by k2blader ('Lost' ping list - Please FReepmail me if you want on/off. :-)
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To: Ramonan

I'm surprised at that. Maybe it's just that Asians like to do REAL work, not flattening butts in a meeting room. ;-)


12 posted on 05/12/2005 11:04:19 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue.)
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To: konaice

"The purpose of a corporation is to make money, not to support diversity."

Nothing useful in our society exists to support diversity. "Diversity" is not useful or beneficial in any way when mandated. Nothing has EVER been made better by being forced to be more racially diverse.


13 posted on 05/12/2005 11:05:14 AM PDT by L98Fiero
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To: the OlLine Rebel

"what we call male, pale, stale"

...and get away w/making such "insensitive, insulting comments".

Yeah, I agree. What was that all about. Can you imagine if a white male made a comment like that?

I'm just curious, what is the % of white males in the professional work place? Is 71% that far off?


14 posted on 05/12/2005 11:05:47 AM PDT by bobd400
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To: L98Fiero
Nothing has EVER been made better by being forced to be more racially diverse.

God must think differently. I mean, we're all here, aren't we? :-)

15 posted on 05/12/2005 11:06:40 AM PDT by k2blader ('Lost' ping list - Please FReepmail me if you want on/off. :-)
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To: anniegetyourgun

A valid analysis would be to compare what percentage of white males hold director positions in Asian, African or Native Nations corporations.


16 posted on 05/12/2005 11:07:04 AM PDT by PieroC (pieroc)
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To: Ramonan
Knowing their work ethic, and the drive to learn and educate their young, Asians will not be on the bottom for long.

They've been saying that for 80 years.

However, you do see many East Indians and, to a lesser extent other Asians, moving into finance, so we may see an Asian CEO at Morgan Stanley or Goldman Sachs in the near future.

17 posted on 05/12/2005 11:07:17 AM PDT by Clemenza (Will somebody PLEASE stop that hammering!)
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To: bobd400

I wouldn't be surprised if it's a little more than the (race) population at large. Altho the oriental pro % is probably much higher than their population %.


18 posted on 05/12/2005 11:11:03 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue.)
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To: anniegetyourgun
Someone needs to get the coffee and donuts.....

Just kidding! :P
19 posted on 05/12/2005 11:11:55 AM PDT by TheForceOfOne (Laura is wonderful so get off her back pinheads!)
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To: the OlLine Rebel

Why I haven't felt this good since the hogs got my little brother!


20 posted on 05/12/2005 11:11:56 AM PDT by RexBeach ("I can see it now. You and the moon. You wear a necktie so I'll know you." -Groucho Marx)
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To: Izzy Dunne

I think a class action lawsuit should be filed againtst the NBA for oppressive discrimination against dwarfs, midgets and other vertically-challenged people.


21 posted on 05/12/2005 11:13:37 AM PDT by TexasRepublic (BALLISTIC CATHARSIS: perforating uncooperative objects with chunks of lead)
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To: k2blader

"God must think differently. I mean, we're all here, aren't we? :-)"

Not what I meant. :) I am talking about institutions who force diversity. God put us here but He did not dictate that every community or occupation should have X amount of this race and X amount of that race. FORCED diversity is crippling, not enabling.


22 posted on 05/12/2005 11:25:52 AM PDT by L98Fiero
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To: anniegetyourgun

Yeah and Blacks are the predominant race in the NBA so what else is new.


23 posted on 05/12/2005 11:29:13 AM PDT by Waterleak (I pity the fool)
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To: anniegetyourgun
male, pale, stale

Can you say Ford, GM, the old Chrysler.

24 posted on 05/12/2005 11:35:28 AM PDT by staytrue
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To: the OlLine Rebel
White guys are 71%, minorities (are they counting women? this gets so confusing) as 15%. Isn't that about the population distribution?

No, white guys are 35%, white women 35%, minorities 30%.

25 posted on 05/12/2005 11:38:42 AM PDT by staytrue
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To: Clemenza; Ramonan

High profile jobs are involve some level of public relations. Asians are not acceptable to the US population as a PR person because the US population will not stand for it.

Any position where you need to win a popularity contest, you can forget about hiring an Asian, because it just will not work.

Oh, and if you need to win a popularity contest in africa, japan, or france, you can forget about hiring an anglo.

It is human nature, it is the way it is.

The US did not pass the Chinese exclusion act just for the fun of it.


26 posted on 05/12/2005 11:45:21 AM PDT by staytrue
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To: anniegetyourgun

Top'n of the Asian bottom happens quite a bit in the sex trade in SE Asia...

oops they meant a different meaning for "Top"


27 posted on 05/12/2005 11:45:57 AM PDT by MD_Willington_1976
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To: Izzy Dunne

You know, I buy that argument for lots of positions in the business world, but corporate boards? Who are we kidding. It's a very small circle of very wealthy people scratching each other's backs. Since it reflects who went to what school or served in what branch of the military 40 years ago when they formed their friendships, it's going to be a lagging indicator.

No one's going to tell me that board members are chosen by passing an aptitude test. You need skill to get to a certain level, but above that, it's who you know.

That said, corporate boards have embraced affirmative action. You won't find a corporate board that doesn't have at least one African-American and one woman. It's getting beyond that number which is rarer.


28 posted on 05/12/2005 11:50:02 AM PDT by HostileTerritory
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To: konaice

The token slots these whiners are carping about are usually reserved for "independent board members" (read: people who can be trusted to show-up, shut-up and stay out of the way).


SOOOOOOOOO true...we must have had the same business entities professor, because he said almost the same verbatum sentence.


29 posted on 05/12/2005 11:54:19 AM PDT by Tulane
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To: L98Fiero

I'm sorry if my post seemed to be "picking on" you--I didn't intend for it to be that way.

I guess my point was I think diversity in itself (as created by God) is a good thing, but we humans have messed up the concept quite a bit.

I *completely* agree with you that it's wrong for human institutions to force diversity.


30 posted on 05/12/2005 11:55:04 AM PDT by k2blader ('Lost' ping list - Please FReepmail me if you want on/off. :-)
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To: staytrue

There is truth in your post.


31 posted on 05/12/2005 11:56:11 AM PDT by k2blader ('Lost' ping list - Please FReepmail me if you want on/off. :-)
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To: anniegetyourgun

Asians are smart enough to avoid this old boys club and start their own businesses.


32 posted on 05/12/2005 8:17:45 PM PDT by sixmil (In Free Trade We Trust)
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To: anniegetyourgun
...from what we call male, pale, stale," Chin said in an interview commenting on the report.

So this slant-eyed, flat-faced b*tch can get away with making a racist statement like that?

33 posted on 05/12/2005 8:21:02 PM PDT by nwrep
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To: k2blader

"I guess my point was I think diversity in itself (as created by God) is a good thing, but we humans have messed up the concept quite a bit."

I'd have to agree. Diversity is obviously natural since God made us different. It's a natural thing that should and will happen naturally in man-made institutions, not be intentionally forced nor impeded.


34 posted on 05/13/2005 6:33:22 AM PDT by L98Fiero
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To: staytrue

"White men hold 71 percent of seats"


It said, MEN; assuming that's correct.


35 posted on 05/13/2005 10:53:24 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue.)
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