With regards to African-Americans in the corporate world, the circumstance looks particularly dreary. Just four Fortune 500 organizations — Merck and Co., TIAA, Tapestry and Lowe's — presently have a black CEO, down from seven less than 10 years back. Only 8% of white-collar professionals are black. The Center for Talent Innovation, a nonprofit group that is focused on workplace diversity, surveyed 3,736 full-time professionals of all races, and found that today’s diversity and inclusion efforts are failing African-American professionals. While nearly two-thirds of Black professionals agree that they have to work harder than their colleagues to advance in their careers, very few White professionals see it that way. Most White professionals just aren’t educated about, or aware of, this reality.
Due to their discontent many black professionals are thinking about leaving corporate jobs to become entrepreneurs. Among those who do not currently own businesses, Black employees are 3.6 times as likely as their White colleagues to be planning to start their own ventures. Entrepreneurship offers a tempting opportunity to unlock authenticity, flex skills, and gain autonomy over one’s work. Read the full report New York Times