- June 19, 2021
- Posted by: Stratford Team
- Category: Business
As we honor Juneteenth as an official federal holiday for the first time, many are calling attention to conversations about reparations and the need to close the racial wealth gap for Black Americans.
Prior to the Covid-19 crisis and its disproportionate impact on communities of color, the median white household in America held nearly eight times the wealth of the median Black household in 2019, reports Brookings Institution.
While President Biden and his administration have unveiled plans to help close this gap, which has only been exacerbated by the pandemic, many people have also called on corporate America and its leaders to take a stand in speaking out against racial inequality and economic injustice.
Some leaders, like BET and RLJ Companies founder Robert Johnson, have openly talked about the need for reparations to help compensate Black Americans for years of slavery and unpaid labor. Other leaders, like The ActONE Group founder and CEO Janice…
