‘Talk Is Cheap’ — Mellody Hobson on Corporate America’s Responsibility to Fight Inequality (CNBC)

Author: Mellody Hobson (CNBC interview) URL: https://www.cnbc.com/video/2020/06/01/mellody-hobson-corporate-americas-responsibility-fight-inequality.html One-line: Ariel’s Mellody Hobson on why corporate America’s diversity talk is cheap and the needle that matters is economic inequality.

Key claims

“It’s difficult to know what to say after you’ve watched someone be murdered.” In the Black community, “we know this could be us.”
Kyle’s paraphrase of the sharpest point: companies don’t “work on” deadlines or pricing targets, they hit them — but they say they are “working on” diversity.
“We need to move the needle on economic inequality.”

Read ‘Talk is cheap’—Ariel Investments’ Mellody Hobson on corporate America’s responsibility to fight inequality - Black Lives Matter Ariel Investments Mellody Hobson
- “It’s difficult to know what to say after you’ve watched someone be murdered.”
- In the black community, “we know this could be us. And that might sound dramatic, but it is true.”
- In corporate America, talk is cheap. We don’t “work” on meeting our deadlines or meeting our pricing targets. But we say we’re “working” on diversity.
- “We need to move the needle on economic inequality.”

Mellody Hobson
Ariel Investments
Black Lives Matter
Diversity
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