Jamie Dimon Touts Black Diversity While the Numbers Tell Another Story

On Tuesday, JPMorgan Chase CEO Jamie Dimon said on CNBC that the company has “done as well as almost any corporation out there” when it comes to Black diversity. Ha! That’s not what the firm’s own numbers show. Bloomberg News reports that the percentages of Black employees and executives fell over the past five years at JPMorgan. Black diversity is going backward at several of the biggest U.S. banks, even as it’s grown across corporate America. Inside Dimon’s firm, Black employees dropped last year to 13.7% of the U.S. workforce, the lowest at the bank in at least a decade, and below the 2015 national figure. Dimon said his firm still has work to do. “The reason it’s different is because it’s a different history, a different background. A lot of African Americans didn’t grow up in the same neighborhoods as white people,” he said. “Whites are maybe less comfortable with them.” More here.

Brenda Arredondo