Skip to main content

Black Fortune 500 executives want companies to fight Republican voting restrictions


New York (CNN Business) Some of the nation's most prominent Black business leaders are calling out their Fortune 500 peers for their muted response to new laws that restrict voting across the country.

Merck chief executive Ken Frazier and Berkshire Hathaway director Kenneth Chenault were among the 72 Black executives who signed a letter released Wednesday challenging other corporate leaders to be more forceful in condemning what both said were deliberate attempts by Republicans to limit the number of Black Americans casting ballots in key states.

"Many people died for the right of Blacks being able to vote," Chenault told CNN Business on Wednesday. "What we're calling on corporations to do is not just say they believe strongly in the right to vote. It's to publicly and directly oppose any discriminatory legislation and all measures designed to limit any individuals ability to vote."

Former American Express CEO and current Berkshire Hathaway director Kenneth Chenault looks on during the White House Summit on Cybersecurity and Consumer Protection on February 13, 2015 in Stanford, California.

The letter recounts the history of efforts to restrict African Americans' voting rights during and prior to the Civil Rights movement and calls on the larger business community to use its influence to stop efforts to limit voting.

Read More

Comments

Popular posts from this blog

Biden says K-12 education isn't working — calls for free pre-K to "grade 14"

President Joe Biden on Wednesday praised the nation's K-12 education system for fueling America's economic growth for almost a century. But, he stressed, that system may no longer be sufficient as the foundation for future prosperity. Mr. Biden's American Families Plan is taking aim at an issue that has bedeviled economists as well as millions of families struggling to stay afloat financially: A high school diploma is no longer enough to secure a middle-class life. Under the White House proposal, the nation's K-12 system would be expanded on both ends — from free pre-kindergarten education through a "grade 14," funding two years of schooling before kindergarten and two years of post-high school education through free community college. There's plenty of economic research that links rising high school graduation rates throughout the 20th century to faster U.S. economic growth. For example, broadening education help women enter the workforce and enabled men ...

New climate envoy John Kerry sold off energy holdings to avoid conflict of interest, disclosures show

Financial disclosures released by former Secretary of State John Kerry indicate that until March of this year he held hundreds of thousands of dollars of investments in energy-related companies that may end up being affected by policies he'll help shape as President Joe Biden's new climate envoy. An ABC News analysis of his assets show that in recent years, Kerry held stakes in at least three dozen companies related to the energy industry, including firms dealing in electric, oil and gas, and nuclear energy, with shares worth between $204,000 and $960,000. Kerry had also recently held high-ranking positions within firms and entities that could end up being regulated by his climate action policies, filings show. A certificate of divestiture issued by the Office of Government Ethics on March 8 shows Kerry's plan to divest from companies that could pose a conflict of interest for his new role as U.S. Special Presidential Envoy for Climate, a common measure that newly appointed...

Matt Gaetz's ex-girlfriend to cooperate with federal authorities in sex trafficking investigation

Washington (CNN) Federal authorities investigating alleged sex trafficking by GOP Rep. Matt Gaetz have secured the cooperation of the congressman's ex-girlfriend, according to people familiar with the matter. The woman, a former Capitol Hill staffer, is seen as a critical witness, as she has been linked to Gaetz as far back as the summer of 2017, a period of time that has emerged as a key window of scrutiny for investigators. She can also help investigators understand the relevance of hundreds of transactions they have obtained records of, including those involving alleged payments for sex, the sources said. News of the woman's willingness to talk, which has not been previously reported, comes just days after the Justice Department formally entered into a plea agreement with Joel Greenberg, a one-time close friend of Gaetz whose entanglement with young women first drew the congressman onto investigators' radar. CNN reported last week that investigators were pressing for the...