It is interesting to note that the Blacks, All Others category (2012 and 2013), lost 18 positions, but the gain in the mid-level (11) and senior managers (7) totaled 18. This result left the total number of Black employees the same.
I have reviewed a report by the Office of the Inspector General (OIG) for the Federal Reserve Board (Board) [The Board Can Enhance Its Diversity and Inclusion Efforts, Audit Report 2015-MO-B-006], and I am disappointed with the weakness of investigatory probing in the part of the report discussing the Board’s performance management policy. Specifically, I question the independence of the OIG when the OIG is following the Board’s performance management policy, yet the OIG does not describe the program in its audit report.
Moreover, the position of the Board’s Chief Operating Officer, Don Hammond, does not inspire confidence. Rather than addressing any signs of unfair and inequitable workplace practices, he makes arguments to defend the status quo. A status quo that includes Artis v. Bernanke (or Yellen) and Robert Auerbach’s observations.
Overall, I am disappointed with the overall stagnation of the Board; a situation caused by institutional zeal for broad independence through the Board’s citation of 12 U.S.C. section 244. It is unreasonable to expect the people of the United States in America to accept an “independence” stance that requires the Board, a federal agency, to be free from federal employment statutes that were adopted into law long after 1913, including civil rights laws and Title 5 of the U.S. Code.
According to the report, Jerome Powell, stated that he will take personal interest in diversity and inclusion. (On this, I am uncertain as to the Chairman’s sincerity because his portfolio on diversity and inclusion is thin (no speeches, some town hall (no transcript available to the public), and a video on the Board’s website),
The Chair of the Federal Reserve Board is a Presidentially appointed and Senate-confirmed position. As such, the complete accountability belongs to the Chair. The Chair can have other advise him or her, but the accountability for results is 100 percent on the Chair, without exception. Shiela Clark cannot be relied upon, as she was involved … Continue reading The Fed’s Chair Has Sole Accountability for the Board’s Diversity and Inclusion
Given the issues presented by the IG previously and with the long running time of the now-ended Artis v. Greenspan Bernanke Yellen case, the Board’s activities with regard to diversity and inclusion remain an issue of moderate to grave concern until demonstrable, sustained and consistent improvement is shown. Meetings, scorecards, and reports are a start, but insufficient compared to firm and visible results.
[Note: This is content from a blog post.] It is insufficient for corporate CEOs to denounce the words of President Donald Trump, while doing absolutely nothing to eradicate the stain of “colorblind” discrimination. With the actions in Charlottesville, Va., in August 2017, the nation recoiled at the open display of racial hatred. However, the events … Continue reading “Colorblindness” in the United States of America
Introduction For several years, the blog has covered topics related to an employment discrimination case titled Artis v. Greenspan. Plaintiff’s counsel was Walter T. Charlton. As the case proceeded nearly 19 years, the case citation changed with the change in Board Chairs. Hence, the blog has referred to the case as Artis v. Greenspan Bernanke … Continue reading Artis v. Greenspan (Bernanke Yellen): An Observation
About this page On March 24, 2014, Representatives Maxine Waters (D-California), Al Green (D-Texas), as well as seven other members of Congress wrote a letter to the federal financial regulatory agencies (listed below) requesting a review of the agencies’ “internal operations to determine whether any personnel practices have created a discriminatory workplace or have otherwise … Continue reading The Congressional Tri-Caucus and the Federal Financial Regulatory Agencies
While the words of POTUS Donald Trump were hard to hear, they are the result of covertly practiced & rampant systemic discrimination.