Qualcomm’s corporate board sued for lack of diversity, failure to appoint Black directors – The San Diego Union-Tribune

A Qualcomm shareholder has sued the company’s corporate directors for failing to bring Blacks onto the board or into top executive roles while repeatedly touting diversity efforts in public. The lawsuit, which comes in the wake of widespread Black Lives Matter protests over racial inequality, is one of three shareholder derivative legal actions recently filed…

Costco, Safeway, Ralph’s Grocery: Claim to Support #BLM but Lobby for Incarceration Bill

Judd Legum identifies Costco, Safeway, and Kroger subsidiary Ralph’s as corporations that claim to support racial equality but are backing California’s Prop 20, which would roll back prison reform that has reduced crime and costs. Thank you @RalphsGrocery and @Safeway for standing with victims against violence and abuse. #JusticeForVictims #Safety #KeepCalSafe pic.twitter.com/3JLZU6gg3D — Yes on…

Dark Money: It’s Time for Boards and Institutional Investors to Act on Racial Justice

Bruce Freed of The Center for Political Accountability and Eleanor Bloxham of The Value Alliance have an important op-ed in Barron’s about the long-standing opposition of the Big 3 institutional investors – BlackRock, Vanguard and Fidelity — to shareholder resolutions calling for disclosure of political disclosure and the connection to corporate political spending that has…

A Conclave of America’s Top CEOs Talks Race and Making Change – WSJ

Leaders of General Motors Co., Johnson & Johnson, American Airlines Group Inc. and other big businesses gathered via Zoom this week for a roundtable about the business impacts of the coronavirus. With protests gaining momentum across the U.S., the participants quickly changed the subject. What followed was a rare peer-to-peer conversation among more than 300…