Do you think if Wall Street had more diversity in their ranks, that greed would have been less?
My friend and highly respected leader, Jim Walton asked a great question that should get a straightforward yes response. Right?
After all, we’d all agree that Wall Street lacks diverse leaders.
Most would agree that financial market controls come from one pool of people that keep many others poor.
Few would disagree that we have needed diversity at top financial tables.
Concerns are fairly unanimous that a few top CEOs grab or control most profits unfairly.
The list goes on and most agree to toxic financial flaws we’ve allowed to mushroom and corrupt Wall Street.
To Jim’s question about diversity's ability to reduce greed on wall Street, I’d answer no, however. My reason detailed here, is based on facts about the human brain at work.
My answer relates to mental links between greed, Wall Street, and diversity. How would you answer Jim’s great question?
I'd answer "no" as well, Ellen, based on my experience growing up in South Central L.A. In the 60s a lot of money was available to small business people and social program people. Many of the programs for building community, job training, tutoring, mentoring at-risk kids, etc. did some good at the grass roots level. But maybe more of them did a little good for the community but more good for the founders and executive directors. Whatever your colour, you're just as susceptible to greed as Gordon Gecko. Character isn't about race.
Posted by: Robyn McIntyre | September 27, 2008 11:02 AM | Permalink to Comment