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According to the latest report by the InterOrganization Network (ION) on the status of women directors and executive officers of public companies, women continue to be underrepresented in top compensated positions. Seventy two percent of 1,161 companies in nine of the 10 U.S. regions tracked by ION had no women among their top-compensated executive positions.
The report also revealed that the number of companies without women in the top compensated executive officer ranks exceeded the number of companies with no women executive officers, evidence that even at the highest levels of corporate leadership, the highest paying positions are still primarily filled by men.
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It has become clear to many economists that the US economy is running a high risk of falling into a recession. Unemployment rates are slightly higher and may continue to rise for a while, but make no mistake—they will come down again, probably sooner than we all think. And when they do come down the labor shortage will be much worse than it is now, but it will open the door for many diversity candidates.
As we ride out this period of economic temerity, many baby boomers will continue to leave by the workforce by the thousands.
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According to banking and finance industry officials’ testimony before a congressional oversight panel, banks and other financial institutions have made very little progress in increasing workforce diversity over the last ten years. This disturbing news comes despite the fact that these institutions have had dedicated workplace diversity programs in place for more than a decade.
Industry officials also speculate that the percentage of women and minorities in high level positions in banking and finance has probably been exaggerated.
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Carol Kline, a seven year veteran of the Utah Antidiscrimination and Labor Division, the state agency responsible for protecting workers' civil rights, claims that the agency fired her in retaliation for her filing of discrimination and sexual harassment claims against the agency. Between 1999 and 2003, Kline filed three complaints of discrimination and harassment along with several other women in the office. Each complaint was upheld by the EEOC.
The Utah Antidiscrimination and Labor Division claims that Kline was fired because her work was no longer up to standards and that "termination was the only way to go." What kind of upside down world do we live in when the agency that is supposedly protecting workers’ civil rights is itself accused of engaging in discriminatory practices?
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A county judge in Hagerstown, Maryland was reprimanded for calling three African American female lawyers “the Supremes” in open court and for advising their defendant to get an “experienced male attorney.” The judge has since acknowledged that his comments suggested racial and sexual bias, but said that he was trying to protect the three public defenders from representing a difficult defendant.
How? By publicly humiliating them?
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A new study has found that 76 percent of global senior executives say that their companies have one or no minorities among their top five executives, despite the fact that a majority of the companies (54 percent) have implemented workplace diversity policies.
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No matter how anyone tries to spin it, discrimination in the workplace is illegal. The damage that workplace discrimination can do to employees is well documented, as are the numerous cases where companies have been forced to pay millions of dollars to settle discrimination claims.
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As Barack Obama continues to make progress as a serious candidate for President of the United States, it may appear to many of us that we as a nation have come very far in the fight against racism.
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Today's workplace is full of individuals from difference races, genders, cultures and backgrounds who treat others and relate to the way they are being treated in vastly different ways.
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According to David Wessel of the Wall Street Journal, over the past few decades, the gap between women's wages and men's has narrowed substantially— but the gap between economic winners and losers of either gender is gradually widening.
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