Corporate diversity programs don't work, and a new study shows why
It's no secret that industries ranging from finance and government to technology and the arts remain stubbornly homogenous despite an increasingly diverse country. Companies have been aware that this lack of diversity comes with a price tag for some time. In the last 15 years, Merrill Lynch (now Bank of America Merrill Lynch) has paid out nearly $500 million to settle lawsuits related to either racial or sexual discrimination.
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