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Photo: Screenshot/Axios

"Addressing pay and equity is completely within our control as companies," Accenture CEO Julie Sweet said Thursday during an Axios event, adding that CEOs need to do more to promote people of color to management positions.

Why it matters: Though African Americans account for around 12% of the U.S. population, they only held 3.2% of the senior leadership roles at large companies in the country in 2019, CBS reports.

How it works: Sweet said in a companywide email that she's committed to increasing the number of people of color in positions of power, like managing directors.

  • Pay equity is key to attracting people of color and women to senior management roles.
  • Sweet said Accenture created a more equitable workplace by hiring an outside adviser to do an independent review of the company's pay and equity policies.
  • Accenture is an Ireland-based professional services company.

What they're saying: "I think it's important that, in fact, we are having in the U.S. this moment of time because we need to address racism and racial inequality," Sweet said.

  • "And the CEOs I am speaking to and the organizations I'm proud to be a part of, like the Business Roundtable, are saying, 'This is a moment where we should take action and it must be sustained change.'
  • "And so what it means for corporate leadership is that we need to, and I believe we are, going to take that step and make this a moment of change to have the impact we can have on fighting racism and creating opportunity for communities of color."

Go deeper

The coronavirus could set back a generation of women

Illustration: Annelise Capossela/Axios

The coronavirus' disproportionate impact on women workers is eroding years of progress.

Why it matters: In the long run, the pandemic could chip away at women's representation in the workforce and widen the gender pay gap, experts say.

"Atmospheric river" swings Northern California from drought to flood

Satellite view of the bomb cyclone swirling off the coast of the Pacific Northwest and the atmospheric river affecting California on Oct. 24. (CIRA/RAMMB)

A series of powerful "atmospheric river" storms are delivering historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest this weekend, forecasters warn.

Why it matters: The strong atmospheric river, packing large amounts of moisture, is causing Northern California to whiplash from drought to flood.

Mike Allen, author of AM
7 hours ago - Politics & Policy

Fauci fires back at Rand Paul for slam on tonight's "Axios on HBO"

Responding to charges by Sen. Rand Paul on Sunday's "Axios on HBO," NIAID director Anthony Fauci told "ABC This Week" that it's "molecularly impossible" for U.S.-funded bat virus research in China to have produced COVID-19.

Why it matters: The issue 0f Wuhan research was reignited on the right last week with a National Institutes of Health letter to Congress disclosing more about the research.

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