Wall Street and Silicon Valley have little to show for diversity pledges, critics say
CBSN
A clash between Wells Fargo and a prominent investor over racial equity at the banking giant highlights the mounting pressure on some of America's biggest companies to follow through on their pledges to improve their diversity practices.
Wells Fargo is urging shareholders on Tuesday to vote against a proposal calling on the lender to improve its racial diversity policies for employees as well as assess the company's impact on communities of color. According to a regulatory filing, the Service Employees Union pension plan proposal calls for the bank to conduct an internal review to help "identify, prioritize, remedy and avoid adverse impacts on nonwhite stakeholders and communities of color." The findings would then be publicly disclosed on the company's website. Wells Fargo's board of directors has said that a "human rights impact assessment" is already in the works.Two climbers were waiting to be rescued near the peak of Denali, a colossal mountain that towers over miles of vast tundra in southern Alaska, officials said Wednesday. Originally part of a three-person team that became stranded near the top of the mountain, the climbers put out a distress call more than 30 hours earlier suggesting they were hypothermic and unable to descend on their own, according to the National Park Service.
There's no making up for what Olympic hurdler Lashinda Demus lost on the day she finished .07 seconds behind a Russian opponent who, everyone later learned, was doping. What the American 400-meter hurdles champion will finally receive is a great day under the Eiffel Tower where she'll be presented with the gold medal she was denied 12 years ago at the London Olympics.