Let’s be honest. You don’t have to be White to lead a large corporation. The number of minority people obtaining the corner office is growing and will continue to grow because stock holders are color blind. You do have to be smart to hold those jobs. That is really all the stock holders want. They want success that leads to higher earnings.
The succession of Ursula Burns, an African American woman, replacing a White woman as CEO of Xerox Corporation is not the first minority woman to obtain this high a position. Indra Nooyi obtained this position at Pepsi Cola in 2005. Many minority males have been reaching the CEO position for quite some time. Here is a list of those I am familiar with:
– Coca Cola, Muhtar Kent
– Pepsi Cola, Indra Nooyi
– Xerox Corporation, Ursula Burns
– Merrill Lynch, Stan O’Neal (ex CEO)
– Fannie Mae, Franklin Raines (ex CEO)
– Time Warner, Richard D. Parsons (ex CEO)
There are even more minority persons at the first level below CEO. Can you name any?
Coast Contact 