The JPMorgan chief isn't backing away from diversity programs.
, Dimon touted a range of programs — from resource groups for employees who are Black, LGBTQ+, or have disabilities to a fund aimed at helping entrepreneurs of color, investments in rural communities, and recruiting efforts at historically Black colleges and universities.the bank made in 2020 was "nearly completed" and would become a permanent part of the business.
He also defended these efforts for other reasons. "There is nothing wrong with acknowledging and trying to bridge social and economic gaps, whether they be around wealth or health. We would like to provide a fair chance for everyone to succeed — regardless of their background."Many financial sector CEOs see diversity efforts this way, says Joelle Emerson, the founder of a diversity consulting business that works with big companies on DEI.
Since 2020, on the bank's org chart, Ferguson has reported both to the bank's chief operating officer and to the HR department. That's a sign that diversity efforts are directly tied to the business — and likely means Dimon has a good sense of their effectiveness.
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