Advocates for diversity hiring on Wall Street worry that the financial crisis will derail progress
In recent years advocacy groups have pushed up the number of blacks and other traditionally underrepresented minorities being hired and promoted by financial firms. Now, as financial firms downsize or disappear, many of those new hires may find themselves competing with more senior employees in the search for new jobs.
"As we all know, when anything goes wrong in this country, black employees are hit harder than most," said Barbara Thomas, president and CEO of the National Black MBA Assn., which held its annual conference and job fair in Washington, D.C., earlier this month. "There's a saying: 'When America gets a cold, black America gets pneumonia.'"
See full Article.
Posts
