Home / Business / Retail / The authority of a $60 billion tradesman says white men are ‘an involved species’ at the top levels of corporate power

The authority of a $60 billion tradesman says white men are ‘an involved species’ at the top levels of corporate power


TescoAP Photo/Lefteris Pitarakis

White men are apropos an “endangered species” on British
corporate boards, according to the chairman of UK-based
grocery sequence Tesco. 

“If you are a white male — tough,” Tesco authority John Allen said
at a discussion this week, the
Financial Times reports.
“You are an involved class and
you are going to have to work twice as hard.”

The Financial Times noted that Allan is one of eight white
men who lay on Tesco’s 11-person, all white board. Tesco
generated £48.4bn in organisation sales for 15/16, equivalent
to around $59 billion. 

Only 29% of new directors allocated in the UK last year were
women, according to headhunting organisation Egon Zehnder. 

American play have identical statistics.


Women hold roughly 15%
of all executive seats at
publicly-traded US companies. In 2015, 30% of new board
appointments were women,
according to Heidrick Struggles’ Board Monitor.
In
terms of secular diversity, only 9% of new appointments were
African-American, 4% were Hispanic, and 5% were Asian or
Asian-American. 

Despite these figures, Allan says he believes white men
are disadvantaged when it comes to joining corporate
boards. 

“For a thousand years men have got many of these jobs. The
pendulum has swung very significantly the other way,” Allan said.
“If you are womanlike and from an racial credentials and preferably
both, then you are in an intensely prosperous period.”

Only 5% of open company directors surveyed by consulting firm
PwC last Oct trust women should make up some-more than half of a
open house — but
one in 10 believed that the ideal commission of women was between
0 and 20%. 

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