How George Floyd’s Murder Changed Corporate America: QuickTake

The murder of George Floyd on May 25, 2020, by a Minneapolis police officer prompted outrage across the US, leading to protests and inspiring political promises. Corporate America also responded, pledging $12 billion in financial commitments to address racial inequality and another $80 billion to support minority suppliers, according to Bloomberg surveys in 2020 and 2021. Companies committed to diversity, equity and inclusion (DEI) initiatives, which were intended to make their workforce more closely reflect America’s increasingly multi-ethnic population.

Four years later, some companies are edging away from these pledges, with DEI under attack from legal activists and political commentators ...