• Contact
  • Privacy Policy
Blacksonrise.com
DONATE
  • Home
    • Caribbean
    • African American
    • African
    • Australian
    • Papua New Guinea
  • Ecourses
  • Herbs
  • Consultation
  • Login
    • LogOut
No Result
View All Result
  • Home
    • Caribbean
    • African American
    • African
    • Australian
    • Papua New Guinea
  • Ecourses
  • Herbs
  • Consultation
  • Login
    • LogOut
No Result
View All Result
Blacksonrise.com
No Result
View All Result

Black Lives Matter: Corporate America Has Pledged $1.678 Billion So Far

blacksonrise by blacksonrise
June 10, 2020
in African American Business
0
Black Lives Matter: Corporate America Has Pledged $1.678 Billion So Far
0
SHARES
147
VIEWS
Share on FacebookShare on Twitter

The grassroots demonstrations concerning black racial justice, sparked by the death of George Floyd, have created an urgent, unprecedented response by CEOs and corporate leaders. Companies have made extraordinary pledges of support in the face of significant operational and financial challenges. Many have stepped up support for black workers and communities. These monetary commitments are designed to  facilitate and support “action for racial justice — to empower, support, and accelerate immediate solutions, as well as work towards long-term systematic transformation.”

What is surprising is the paucity of corporations and the stinginess of the donations. In a sense, this shows the true regard corporate America has for black people and is, in actuality, why marches and demonstrations were required in the first place. The corporations in our BLM response database list earned over $400 billion in 2019.  While we understand that the level of uncertainty in the economy warrants conservation of monetary resources, these institutions are the primary beneficiaries of the Fed’s corporate credit facility, a $6.7 trillion dollar expansion in the Federal Reserve’s balance sheet specifically designed to help these corporations.

Once the heat is off, how do we know corporations will make good on these pledges? Creative Investment has captured data on corporate responses so far. We note that this is the first step toward an effort to monitor corporate performance in this area.

 

 

Creative Investment has launched a crowdfunding campaign to pay for the development of a tracker. To donate to our effort, please contribute at paypal.me/cirm. To get a copy of our BLM response database, send an email to info@creativeinvest.com. Click here to send Bitcoin.

 

This editorial originally appeared in the Creative Investment Research newsletter.

 


 

This is an opinion piece that does not necessarily reflect the views or beliefs of BLACK ENTERPRISE.


Credit: Source link

Previous Post

White Parents, Want To Raise Anti-Racist Kids? Be Mindful Of Your Actions.

Next Post

George Floyd protests spur international calls to end police violence

Next Post
George Floyd protests spur international calls to end police violence

George Floyd protests spur international calls to end police violence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

HOT Updates

No Content Available

BlackSonRise.com is an online news portal which aims to provide Caribbean News, African News, Business and much more stuff like that. Feel free to get in touch with us!

Follow us on social media:

Recent News

  • Tax experts divided on Mboweni’s expected tax announcements – SABC News
  • LaRose Spotlights African-American Owned Businesses for the Month of February – African American News Today
  • Consultations with First Nations lacking on mines proposed in northwestern Ontario 

Subscribe NOW

Loading
  • Contact
  • Privacy Policy

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

No Result
View All Result
  • Home
    • Caribbean
    • African American
    • African
    • Australian
    • Papua New Guinea
  • Ecourses
  • Herbs
  • Consultation
  • Login
    • LogOut

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.