California's board gender diversity requirements meant that Shift Technologies CEO George Arison couldn’t confine his search for directors to just his network (which he admits is mostly men). Now Shift's board of eight has three female board members. Diversity laws can make a difference.
Charles Scharf isn’t the first to say make a claim like there's a "limited pool of Black talent" and he won’t be the last, and while I realize little can be done to prevent an “off the cuff” comment, I don’t understand how it ended up being released in a memo. Isn’t anyone in charge of not letting the CEO say something so offensive?