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Thursday, February 16, 2023

The Daily Money: How diverse is corporate America?

Of the 533 named executive officers across these corporations, white men represent 7 in 10. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, February 16

Good morning, Daily Money readers. It's Bailey Schulz here to bring you the day's top stories.

White men still run corporate America, but Black leaders are making headway, according to a USA TODAY analysis of named executive officers at S&P 100 companies.

Of the 533 named executive officers across these corporations, white men represent 7 in 10. And of those companies, about 1 in 7 had executive teams that were made up of only white men in 2022.  

In fact, white men today are even more likely than their grandfathers to be managers despite a diversifying workforce and evidence from research studies that diverse companies outperform peers that are not.

USA TODAY found the greatest progress made in the S&P 100 was among Black men. Fourteen Black men were named executive officers in 2020, the year George Floyd's murder forced the nation to confront systemic racism. Two years later, 19 of them were, an increase of more than one-third.

Is the housing market recovering?

After a steep decline in home builder confidence in 2022, this year may be heralding a change.

Builder confidence in the market for newly built single-family homes in February rose seven points to 42, marking a second consecutive monthly gain, according to a National Association of Home Builders/Wells Fargo Housing Market Index release.

This is the strongest reading since September of last year, with confidence likely buoyed by the fact interest rates began inching down In January. 

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๐Ÿ” Today's Menu ๐Ÿ”

KFC, although the options are about to be trimmed.

Kentucky Fried Chicken is dropping five items from its menu, including fried chicken wings and its popcorn chicken combo, to streamline its offerings and make room for new items like its Kentucky Fried Chicken Wraps.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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