Jesse Jackson wants Google to invest in startups led by Blacks, Latinos

The civil rights leader was addressing a Google shareholder meeting

Civil rights leader Rev. Jesse Jackson asked Google to make an amendment to its governance byelaws to make a search for women and people of color a must before filling board positions, as part of his push to get higher representation for women and certain ethnic groups in tech companies.

Addressing a Google shareholder meeting Wednesday, Jackson also asked the Internet giant if it would invest in early-stage Black and Latino-led tech startups.

"Google reportedly has over $35 billion parked overseas," Jackson said. "Would you consider repatriating some of this offshore money back to America to fund an Innovation Investment Development Bank? And in return, receive tax credits or a reduced tax rate on foreign profits?"

Google executive chairman Eric Schmidt said Google would like to repatriate the funds and invest them in the U.S., but has not been able to move the "political conversation" on it for many reasons.

The leader, who pushed tech companies last year to release data on the diversity of their employees, said he would ask companies to publish similar reports this year by Sept. 1, along with a report card on what had been achieved in the area of inclusion of underrepresented communities.

A number of companies including Intel and Google have announced plans to increase the number of Blacks, Latinos and women in their workforce.

But companies have not moved the "needle on representation" very much, Jackson said.

Google said Tuesday that though 21 percent of its tech hires last year were women, their share of the tech workforce went up by only 1 percent. The hiring of Blacks and Hispanics outstripped Google's hiring growth overall, but the share of these groups was still about 2-3 percent, the company said. The share of women in the global workforce was 30 percent as of January this year, while the share of blacks among U.S. employees was 2 percent, and Hispanics accounted for 3 percent.

Moving percentage points takes a lot in a large company with 55,000 plus staff, said Google chief legal counsel David Drummond, who said that the change will take a lot of struggle.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesGooglepersonnel

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?