Bank executives still disproportionately white, NAACP says - latimes.com: Leadership positions at large U.S. banks are predominantly held by whites, according to a new report by the National Assn. for the Advancement of Colored People.
“Equal opportunity for people of color in the United States remains an unrealized goal,” said Lorraine Miller, the NAACP's chief executive.
The NAACP based its report on a survey of five large U.S. banks: Bank of America, Citibank, JPMorgan Chase, Wells Fargo and U.S. Bank. The banks were asked to identify the race of total employees and those hired and promoted in the calendar year 2011.
Based on the results, the NAACP gave letter grades to the five banks, with Bank of America and Citibank receiving a C+, JPMorgan and Well Fargo getting a C and U.S. Bank slapped with a D+.
