Choosing one of your own. (Comment).Amating dance of sorts takes place at downtown's Jonathan Club The Jonathan Club is a prestigious private social club in Los Angeles, California, U.S. It maintains two clubhouses, one in downtown Los Angeles at 545 South Figueroa Street (built in 1924) and one on the beach in Santa Monica. each business day around noon. There, in the ornate lobby you'll see a parade of executive types pacing back and forth and occasionally glancing at their watches as they wait for luncheon companions. When everyone shows up, there are the usual handshakes and backslaps and then they head for the elevators that take them to the upstairs dining room. As many times as this scene gets played out, a common theme emerges: the people are almost always male and almost always white. This is not even a reflection on the Jonathan Club, which years ago abolished its exclusionary practices and opened up its doors to most anyone willing to fork over to hand or pay over, as money; to - G. Eliot. See also: Fork the hefty membership. What it does reflect, however, is an enduring demographic of the senior corporate executive - and how that influences pay and promotion. Every year some glass ceiling-type study comes out that cites the pitiful number of women and minorities that hold top executive posts in this country. For women, it's creeping over 10 percent; for minorities, it's roughly half that. Of course, those percentages are an improvement from 30 or 40 years ago, but 30 or 40 years ago the thought of having a woman or African-American running a Fortune 500 company was, well, bordering on sacrilege Sacrilege Sadness (See MELANCHOLY.) abomination of desolation epithet describing pagan idol in Jerusalem Temple. [O.T.: Daniel 9, 11, 12; N.T. . Then the world changed and young women (and to a lesser extent non-whites) began enrolling in business and law school by the droves and somewhere along the line - after disco, before rap - came the presumption that corporate CEOs would no longer be cut from the same WASP-ish cloth. So why did it not happen? Ask one of those WASPY bizboys and he might cough up the standard-issue explanation about women wanting babies and how that gets in the way of running a big corporation. Better, he might add, that they start up their own smaller businesses (leaving out the fact that even today, women often have a tougher time getting financing than men). As for minorities, he'll no doubt mention Richard Parsons This article is about the businessman. For the U.S. Representative from Ohio, see Richard C. Parsons. Richard Dean Parsons (born April 4, 1948), is the chairman of the board and chief executive officer of Time Warner. He is also on the board of directors of Citigroup. , who next month officially becomes chief executive of AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner Inc., the largest corporation ever to be headed by an African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. . He might also cite Kenneth Chenault Kenneth Irvine Chenault (born Long Island, June 2, 1951[1]) has been the CEO and Chairman of American Express since 2001.[2] [3] He was the third African-American CEO of a Fortune 500 company.[4] He received a B.A. , chief executive of American Express or Fannie Mae Fannie Mae: see Federal National Mortgage Association. Chairman Franklin Raines or the powerful Washington lawyer Vernon Jordan. The problem is that with those few names, he has pretty much exhausted the list of blacks holding prominent corporate positions. And there's a good chance he'll forget about the four Texaco employees who were taped using racial epithets a couple of years back. Or about Coca-Cola Co. settling a class action suit for $113 million regarding alleged disparities in pay and promotions for African-Americans. Workplace diversity is not the point here. If anything, corporate offices are veritable melting pots. But once you reach the limousine-and-stadium box levels, complexions and gender revert to the tried-and-true. Not always, but often enough to see a leitmotif leit·mo·tif also leit·mo·tiv n. 1. A melodic passage or phrase, especially in Wagnerian opera, associated with a specific character, situation, or element. 2. A dominant and recurring theme, as in a novel. at play. Which is, frankly, that people like to be with their own. They say they understand the importance of different backgrounds and perspectives, and they say they don't have anything against outsiders trying to move up the ladder. But there's a comfort level about being in your own group - and when it comes time to search for a CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , that comfort leads the top (logs to choose from their well-heeled progeny. And then meet for lunch. Marc Lacter is editor of the Business Journal. |
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