Despite the popularity of corporate diversity initiatives, progress — within corporate leadership ranks and society — has been slow and faltering. Measuring the evolution of actual corporate diversity alone remains a challenge, as concrete reporting of racial diversity data in the fashion industry’s leadership ranks is hard to come by.
An initial survey by the group found that most of its participants said their senior leadership was committed to diversity and inclusion, but that they lacked formal systems to ensure it. Few executives of Hispanic or Latinx origin lead major fashion companies. Undoubtedly the highest-profile retail ceo on a global scale is Carlos Crespo González of Inditex of Spain, owner of Zara, while Diane von Furstenberg’s ceo until recently was Sandra Campos.
“When you get to middle management and beyond, there seems to be, what is in the social science research called, ‘a frozen middle,’” he added. “So from middle management, up until senior levels, there seems to be a leak somewhere, there seems to be some kind of a freeze or ceiling that doesn’t allow leadership to progress to those levels.”
Generally, corporate messaging on the issue of workplace diversity and representation at the leadership level appears to be crafted around professed commitments to social ideals and a statement of belief that those goals ultimately also serve business interests. Walmart Inc., which said Tuesday that it received a five-star rating in the 2020 HACR Corporate Inclusion Index survey in the categories of employment, governance and procurement, said in a mid-year diversity report this month that its Latinx associates in the U.S. make up roughly 16.4 percent of its total U.S. workforce, an increase of 1.5 percent from January 2019.
“But we need to do even more,” she wrote. “We vow to hire, support, promote and elevate more people of color at LS & Co. across levels and functions.” There are questions about whether increasing diversity at the ceo level is even a meaningful path to broader social equality, though it would still be a welcome influx of diverse leaders. A report in August by the nonpartisan Economic Policy Institute found that ceo pay in the top 350 companies in the U.S. shot up 14 percent to an average of $21 million, roughly 320 times that of their average workers.
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