New McKinsey data show U.S. companies are no longer promoting Black professionals at the higher rate of a couple of years ago.
Photo: Gary Hershorn/Getty ImagesU.S. companies have lost momentum in promoting Black professionals into management, according to new data from McKinsey & Co.After the May 2020 murder of George Floyd set off a national conversation about race, equity and opportunity, American companies set ambitious goals for advancing Black talent in their ranks.
They have made some strides in hiring and promoting more Black professionals, especially at the highest levels of the company; there are now eight Black chief executive officers in the Fortune 500, compared with four in 2020.
Gary Hershorn, George Floyd
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