Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

Erica Pandey, author of @Work
Aug 4, 2020 - Economy & Business

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.

In photos: D.C. and U.S. states on alert for pre-inauguration violence

National Guard troops stand behind security fencing with the dome of the U.S. Capitol Building behind them, on Jan. 16. Photo: Kent Nishimura / Los Angeles Times via Getty Images

Security has been stepped up in Washington, D.C., and state capitols across the U.S. as authorities brace for potential violence this weekend.

Driving the news: Following the Jan. 6 insurrection at the U.S. Capitol by some supporters of President Trump, the FBI has said there could be armed protests in D.C. and in all 50 state capitols in the run-up to President-elect Joe Biden's inauguration Wednesday.

14 hours ago - Politics & Policy

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!