: Three years after George Floyd’s death, there’s been a lot of promises but ‘not much substance’ on racial equality, nonprofit CEO says

by | May 25, 2023 | Stock Market

Three years after George Floyd was murdered by a Minneapolis police officer — a May 2020 killing captured in a shocking viral cellphone video that spurred racial-justice uprisings nationwide — there have been “a lot of pledges” for reform, but “not much substance,” said Gary Cunningham, the outgoing president and CEO of Prosperity Now, a nonprofit that advocates for racial and ethnic economic justice. 

“There have been some local changes, and some cities have done a lot to change their policing practices to actually ensure that they’re not treating one group differently than others,” Cunningham told MarketWatch in a recent conversation for Barron’s Live.  “But you haven’t seen a whole lot on the national scale at this point. And we actually do need a national solution, and not just a local solution, to the issue of police violence.”

And when it comes to corporate financial pledges toward economic equality, “I would say that the impact of that has been marginal at best,” Cunningham said.  The aftermath of Floyd’s murder was marked by companies throwing serious money at racial-equity initiatives: Nearly 1,400 Fortune 1000 companies collectively pledged about $340 billion between May 2020 and October 2022, McKinsey & Company said this past February. Local, state and federal legislators also voiced support for police reform, racial economic equality, and more.

“We actually do need a national solution, and not just a local solution, to the …

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