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Diversity of Gender and Color = Better Financial Results

on Thu, 2015-01-22 10:58

From the Wall Street Journal January  21, 2015

A new study of 366 public companies in the U.S., Canada, U.K., Brazil, Mexico and Chile by McKinsey & Co., a major management consultancy, found a statistically significant relationship between companies with women and minorities in their upper ranks and better financial performance as measured by earnings before interest and tax, or EBIT.

The findings could further fuel employers’ efforts to increase the ranks of women and people of color for executive suites and boardrooms, and thereby reap benefits of the so-called diversity dividend.