In 2021, there were two CEOs who were Black women in the Fortune 500 ranking of America’s largest companies. This is notable because it is the first time in history that this has happened. In fact, despite making up nearly seven per cent of the U.S. workforce, only four Black women have ever held the top position at a Fortune 500 company.
Black women are woefully underrepresented in leadership positions in North American businesses. A new study from the UBC Sauder School of Business finds that stereotypes about Black women put them at a serious disadvantage in the workplace.