Special Advertising Section Inspirational Leadership and Achievement The NAACP on the Eve of Its Centennial Trailblazing Partnerships With Corporate America By Judith L. Turnock As the National Association for the Advancement of Colored People (NAACP) prepares to launch its year-long centennial celebration beginning February 12, 2009, Forbes and the NAACP pay tribute to the corporate partnerships that have dedicated vital leadership to the elimination of racism and discrimination, promoted diversity and advancement in the t workplace, and together have advocated for economic parity, ensuring e that the American promise is a reality for everyone. The NAACP: A Century of Economic Equity Action T 1915: NAACP protests against racial stereotyping by launching a nationwide boycott of The Birth of a Nation. 2008: B 2008: 2008 Barack arackk O Ob Obama bama iis elect elected l tedd th the 44th President of the United States. 1910–1934: Dr. W. E. B. Du Bois, founder and editor of The Crisis magazine, encourages African-American empowerment and the Negro Cultural Renaissance. Advertisement 2 The Corporate Legacy “The world we face today is very different from — and much better than — the world we faced in 1909. ” Julian Bond Chair, National Board of Directors NAACP The NAACP Legacy When the interracial NAACP formed in 1909 with more than 100 multiracial activists, W. E. B. Du Bois, an original founder and intellectual giant of the civil rights movement, stated flatly: “The problem of the 20th century is the problem of the color line.” Now Julian Bond — the longtime NAACP leader and chairman of the National Board of Directors since 1998, a distinguished professor of history at American University and the University of Virginia, and a 20-year veteran of the Georgia State Assembly — can declare: “The world we face today is very different from — and much better than — the world we faced in 1909.” With the time-honored American virtues of hard work, determination, 1938: Thurgood Marshall leads strategy session after U.S. Supreme Court orders University of Missouri to admit Lloyd Gaines. discipline, a positive attitude and a belief in basic justice, the NAACP challenged the “usual way of doing business.” Working with corporate partners, it developed broad-based programs and initiatives and advocated for policy changes to promote equality in politics, education, housing, employment and in people’s hearts and minds. That’s a powerful legacy, and the work continues. Last year, Benjamin Todd Jealous, 35, was selected as the 17th president and chief executive officer of the NAACP. As the youngest person to hold the position in the organization’s nearly 100-year history, the organization’s decision reflects its powerful, forward-moving, change-inspired momentum. 1944: An NAACP branch in Detroit marches in a parade for victory over “Jim Crow.” Since its inception, NAACP grassroots activists have sought to level the playing field for social, political, economic and employment advancements. “By breaking down barriers, we helped America get comfortable with the notion that a black person could run the highest office in the company — and the country,” says Jealous. “The election of PresidentElect Obama has transformed the vision of all children that color and gender need not be a barrier to reaching high pinnacles.” For the NAACP and its partners, the achievements of President-Elect Barack Obama, as well as other community and corporate leaders, mark the culmination of a century of hard work. “It is a testament to the faith and sacrifices of men like Medgar Evers and women like Ida B. Wells and Rosa Parks,” says Jealous. “It is proof that an inspired nation can come together across racial, cultural and generational boundaries to bring about change.” One way to celebrate the positive changes is to highlight the successes of individual African-American corporate executives who have been inspired by NAACP leadership, many of whom remain directly involved today. Consider Maurice L. Coleman, senior vice president, senior client manager for Bank of America in New York and New Jersey. He grew up in Trenton, N.J., with parents who 1962: Protesting hotel discrimination during the NAACP’s 53rd Annual Convention in Atlanta Advertisement 3 were “card-carrying members of the NAACP who focused on education as the key to advancement.” At the urging of a high school teacher, also active in the NAACP, Coleman earned a scholarship to Northfield Mount Hermon School and then went on to attend Columbia College, the School of International and Public Affairs and Columbia Business School. Today he is living a corporate career beyond his personal dreams. His engagement in the community lives up to his mother’s philosophy that “Service is the rent you pay for space on this earth.” Coleman joined FleetBoston Financial in 1999 working in private equity and investing in urban markets. The reach of his development ventures has mushroomed over the years, and he currently shares responsibility for Bank of America’s $1.5 trillion community development investment and lending goal over the next ten years. “The Community Development Banking Group reports through the Commercial Banking Group, so we are a core part of our business,” says Coleman. “The Bank of America provides banking services for all Americans, and that’s the vision of our CEO and his executive team. We live our name.” Coleman maintains his NAACP connection today by serving on the Centennial Task Force. Josie Thomas, another NAACP Centennial Task Force member, is senior vice president, Diversity, CBS. She remembers joining her parents at NAACP meetings in Minneapolis and Denver, but it took a while for her career to link back to the NAACP. After Harvard College and law school at the University of California, Berkeley, she worked as a law firm associate in intellectual property before leveraging her law degree into a dream job at CBS. “I loved watching sports with my father and writing stories with compelling characters,” says Thomas. When she joined the CBS Law Department in 1986, negotiating agreements for the Entertainment, Sports and News divisions, she tapped into both of those passions. She rose to vice president of business affairs at CBS News in 1995, and when CBS created a new diversity position in 2000, she saw the chance to create a more deeply personal legacy. “I’d already worked with executives across the company, so I knew they were on board, and I now report directly to President and Chief Executive Officer Leslie Moonves,” says Thomas. “There’s no limit on my ability to identify issues and develop initiatives to overcome the challenges.” Thomas has launched the prestigious CBS Diversity Institute in Los Angeles for promising actors, writers and directors. “We see the Institute as a contribution to the industry as a whole,” reports Thomas, “but I won’t deny that it’s helped CBS win the loyalty of a lot of top new talent.” From her post, Thomas also oversees the strong CBS partnership with the NAACP, including serving on (Continued on page 8) “ By breaking down barriers, we helped America get comfortable with the notion that a black person could run the highest office in the company — and the country. ” Benjamin T. Jealous President and CEO NAACP 1965: The Voting Rights Act is passed by Congress. 1963: March on Washington to demand economic opportunities for black workers 1979: Hon. Percy Sutton, Julian Bond and other NAACP leaders meet in New York City to discuss response to Andrew Young’s forced resignation as Ambassador to the UN for his role in the Egypt-Israeli peace process. Advertisement 4 Bank of America ank of America received top honors in the National Association for the Advancement of Colored People’s (NAACP) Economic Reciprocity Initiative Report, which rates companies based on account employment, marketing/communications expenditures, supplier diversity, charitable/philanthropic giving and community service, and reinvestment. The bank received a score of 3.45 out of 4, the highest score ever awarded to a company by the organization. “In addition to being the right thing to do, encouraging a diverse, inclusive workplace gives us the business advantage of understanding and meeting the needs of our diverse customers, clients, the communities we serve and shareholders,” says Geri Thomas, the bank’s global diversity and inclusion executive. B 2009, our community development investment and lending goal will be $1.5 trillion over 10 years — the largest ever established by a U.S. financial institution. This unprecedented effort will translate into more new homes, more new businesses and greater financial opportunity for diverse individuals and their communities. “We are committed to strengthening the long-term health of the communities we serve by providing greater access to capital and credit to working individuals and families across the country,” says “ We are committed to strengthening the long-term health of the communities we serve by providing greater access to capital and credit to working individuals and families across the country.” Andrew Plepler, President, Bank of America Charitable Foundation Stemming from our commitment to create healthy, vibrant neighborhoods for all, Bank of America has a long history of helping diverse communities open the doors of opportunity through our support for education, critical advocacy groups, local nonprofit organizations, arts and heritage, and community development. Bank of America has an aggressive program to foster economic opportunity, primarily in low- and moderateincome communities. Beginning in Andrew Plepler, Bank of America Charitable Foundation president. “In order to achieve this goal, we work with local community leaders and organizations serving a wide range of diverse community members. The NAACP has been key to the success of this effort and we value their partnership.” As part of a long-standing and deeply rooted relationship, Bank of America and the NAACP have partnered to remove the barriers that stand between many African-American individuals and families and their dreams of financial independence. We have provided more than $1 million annually to the NAACP in unrestricted funds and support for economic outreach programs, seminars and sponsorships, as well as to NAACP affiliates and the NAACP Legal Defense and Educational Fund. “Over the years, the bank and the NAACP have worked to provide homebuyer education, credit counseling and technical assistance for small business owners and entrepreneurs,” says Maurice Coleman, Bank of America senior vice president, community impact manager. “The bank recently completed a five-year, $4.5 million commitment to the NAACP to support the organization’s national operations and advance the NAACP’s vision of economic empowerment.” The unique partnership with the NAACP around Financial Economic Empowerment for budgeting and credit management, home ownership, business entrepreneurship, and estate and retirement planning is key to ensuring that our communities continue to thrive and grow. Bank of America is committed to continued investment in and partnerships with organizations like the NAACP that make such a positive difference. Advertisement 6 Target hallmark of the Target® brand is our commitment to delivering high-quality, trend-right merchandise at a great value to our guests. Our guests are savvy consumers, and they expect us to not only deliver on our “Expect More. Pay Less®.” brand promise, but also to adapt our offerings to match their changing wants and needs. As guest segments and spending trends continue to evolve, diversity remains an important part of the way we do business. Where it makes sense for our guests and our business, we tailor our merchandise offerings to cater to our multicultural guests. Out of our more than 1,600 stores, more than 500 have in-store assortments customized to African-American and Hispanic guest populations, with merchandise presented prominently on shelves and endof-aisle displays. For example, in these TRACEY BURTON A Director Of Diversity Target brand that would meet our guests’ preferences. The team collaborated with Sylvia’s through all the up-front work required to demonstrate that its distribution and supply-chain management could meet Target’s high standards. As a result of this partnership, today Sylvia’s is a success in the stores that feature its products and is poised for long-term growth. At Target, diversity is a core value, and we are committed to fostering an inclusive culture by making team members and guests feel welcome, respected and valued regardless of their background or lifestyle. stores, we offer merchandise designed with our African-American guests in mind, from beauty and hair-care products to décor, dolls and food. To meet the needs of these guests, we often work with diverse suppliers. One example is Sylvia’s, a brand that is synonymous with delicious homecooked meals in African-American homes. In 2007, our supplier diversity team identified Sylvia’s as a We are also committed to boosting economic development in the communities where we have stores by providing opportunities to the widest possible range of businesses. For example, in 2007 we opened a store in Compton, CA. At the time of the opening, this was the largest retail development in the country completely developed, designed and constructed by African-American-owned firms. At Target, diversity is a core value, and we are committed to fostering an inclusive culture by making team members and guests feel welcome, respected and valued regardless of their background or lifestyle. In honor of this commitment, we launched our “Dream in ColorSM” campaign earlier this year, starting with Black History Month. Through this platform, we celebrate the special people in our communities who have worked tirelessly to make their dreams come true. To date, the campaign has featured heroes like John Legend, Iman and Holly Robinson Peete, among other notable African Americans. With the world around us becoming more diverse every day, diversity is and will remain one of our most important business imperatives at Target. We believe it is a competitive advantage that greatly adds to our ability to innovate and deliver positive results for our guests, team members, shareholders and communities. Advertisement 8 “Today, our corporate conversations must address economic stability, health equity and education parity, as we work collaboratively to ensure an inclusive society for America’s culturally diverse population. ” Roslyn Brock Vice Chair, National Board of Directors NAACP (Continued from page 3) the Nominating Committee for the NAACP Image Awards. “Helping to select the Image Award winners is thrilling every year, but the real value is the ongoing, creative, open, constructive and productive dialogue of what’s working in inclusiveness at CBS and what’s not,” says Thomas. “We make progress because this partnership is embraced by all our executives.” CBS Corporation President and Chief Executive Officer Moonves echoes Thomas’s support: “All of us at CBS value our long-standing partnership with the NAACP. With their input we’ve embraced the challenge of increasing diversity across all levels of our company, and we’re appreciative of the thoughtful, productive guidance we’ve received from them 1988: NAACP First Annual Fair Share Awards along the way. CBS continues to make strides in this important area, including our joint Diversity Fellowship at USC’s School of Cinematic Arts and the Centennial Task Force, and we’re proud to have the NAACP as a friend and partner as we work together to effect positive change.” Derek Jenkins, senior vice president of East Coast stores for Target, was a Navy brat, growing up in Italy and Japan before returning to live in Virginia. His connection to the civil rights movement was therefore different: He watched his father work to promote diversity in the Navy. Unsure of what he wanted to do with his degree, Jenkins began working at a retail store after college. He found little satisfaction. Then fortune tapped Jenkins on the shoulder. When the retailer filed 2001: Thomas W. Jones is added to FOX Entertainment’s Board of Directors, fulfilling the final condition of News Corp.’s MOU with the NAACP. for Chapter 11 bankruptcy protection, former Target executives were hired to come in and run the company. He was hired as a Target store team leader in training. His good fortune continued, as he attracted a well-placed mentor who taught him how to navigate the company. “He gave me the feedback I’d never had before, and I gained the confidence that I could achieve more.” The job of senior vice president of store operations in the corporate headquarters was his opportunity to “test new ‘soft’ skills and actually influence what happened.” After working with other senior leaders across the company, he was ready for his current leadership position. “Target is such a good corporate citizen,” says Jenkins, referring to the company’s customer focus and its commitment to contribute 5% of its income — more than $3 million per week — to support education, the arts, social services and volunteerism. “Even if I hadn’t been successful here, I think I’d still feel proud to be associated with Target.” The 21st Century: NAACP/Corporate Partnerships Economic empowerment, equal justice and a robust economy are solutions to discrimination and poverty, and the NAACP has therefore always focused on partnerships with corporate America to create and sustain dynamic leadership. “The struggle 2007: Launch of Gateway to Leadership, a summer internship program with the Money Management Institute, to place black students at Wall Street firms. Advertisement 9 continues,” notes National Board Chair Julian Bond, even after so much progress. At the dawn of its second century, the NAACP and its partners still need to work “for lessening economic inequality and broadening of middle-class status — for economic empowerment, for wealth building, for jobs and justice.” “Our goal is to make the promise of this country real for all families,” says Jealous. “We celebrate the success of individuals and continue our work knowing that our success is defined more by the condition of the grass roots rather than by the number of glass ceilings broken. Economic empowerment, social justice and a robust economy are important steps toward reducing discrimination and poverty.” The NAACP and corporate leaders are creating partnerships that will change the American conversation around race, gender and ethnic diversity. “While segments of America continue to frame the race issue in the context of the past,” says Roslyn Brock, NAACP vice chair, National Board of Directors, “we have just witnessed an extraordinary demonstration of our democratic potential, in the results of the Presidential election, when a majority of Americans across the nation looked beyond race and voted to elect, for the first time, an African American as our 44th president. “This vividly shows us that America has made significant progress toward creating a post-racial society that affirms the history, contributions, talents, hopes and dreams of all her citizens. Today, our corporate conversations must address economic stability, health equity and education parity, as we work collaboratively to ensure an inclusive society for America’s culturally diverse population. The NAACP’s mission to ensure social and economic justice for all is not complete. We will harness the power, energy and optimism of this historic moment to shape and mold a generation of leaders, committed to enter the doors of corporate America with a new and engaging perspective, toward political, social and economic change.” America’s 20th-century legacy is a phenomenal pace of change, and the NAACP has led the way. This legacy has laid the foundation for a 21st-century global world, not just a global economy, and the world relies on the U.S. for continued leadership. The most successful companies already know that not only do cultural competence and inclusiveness spark greater employee productivity, increased customer loyalty and improved bottom-line results for investors, they also outline the promise of future global success. The NAACP has been and will remain a leader among leaders. If your company does not already partner with the NAACP, consider the many ways you can get involved. Join today the hundreds of thousands of other NAACP members who stand up for freedom, equality and economic growth. Visit www.naacp.org for more information. Web Directory Bank of America www.bankofamerica.com National Association for the Advancement of Colored People www.naacp.org Target www.target.com www.ForbesDiversity.com JANINE FONDON President And CEO UnityFirst.com UnityFirst.com And Forbes: A Partnership to Distribute Diversity-Focused Business News U nityFirst.com, a distributor of diversity-focused business news via its quarterly e-magazine and weekly Business World Index, will now share the special advertising sections on diversity produced by Forbes Custom Solutions. Beginning December 1, 2008, UnityFirst.com will post select diversity-focused news and articles on ForbesDiversity.com as well as source new stories and trends relating to diversity in the workplace and global market. Janine Fondon, President and CEO of UnityFirst.com, says, “This collaborative approach to covering the changing dynamics of diversity in the U.S. and beyond will add new perspectives and value to the critical discussions about the emerging generational shifts and new cross-cultural landscape of the world’s emerging markets.” “Cultural competence is the key to global growth,” notes Selden Blommer, Executive Director, Forbes Custom Solutions, who invites corporations and other organizations to participate in the special advertising sections. “By covering the key issues and sharing success stories and best practices, we offer authentic and important dialogue about the role of diversity in future global business success.”
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