A New York Times investigation found that of more than 900 powerful officials — including executives and prominent positions — only about 20% identify as people of color.
Why it matters: While 40% of Americans identify as Black, Hispanic, Asian, Native American, multiracial or other, representation of those groups at the highest levels of corporate power is sparse, per the Times.
Representation can lead to more inclusive decision making and economic mobility for disadvantaged communities.
The investigation found:
"Of the people at the top of the 25 highest-valued companies, 6 are Asian or Black."
"Of the people who head universities ranked in the top 25, 1 is Hispanic."
"15 people direct major news organizations. 3 are Black or Hispanic."
"The 5 people who have the most influence over book publishing are all white."
"The people who edit the 10 most-read magazines are all white."
"14 people influence most of the music that is produced and played. 2 are Black or Hispanic."
"25 people run the top TV networks and Hollywood studios. 3 are Black or Hispanic."
"Of the people in charge of the 25 highest-valued fashion companies, 3 are Asian or Hispanic."
"99 people own professional baseball, basketball and football teams. 6 are Asian, Black or Hispanic."