FT News Briefing Race at work since George Floyd
May 31, 2022
The discussion highlights Qualcomm's interest in investing in Arm, amidst tech rivals like NVIDIA and Intel. It also delves into Glencore's struggles to restore its reputation after significant bribery and market manipulation issues. A probing look reveals doubts about the sincerity of corporate diversity commitments made since George Floyd's murder. Personal stories from employees underscore ongoing challenges of microaggressions and the quest for genuine inclusivity in the workplace. The quest for change in corporate culture remains a vital topic.
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Qualcomm's Consortium Plan for Arm
- Qualcomm's CEO wants to form a consortium with rivals to invest in Arm, ensuring its neutrality.
- This follows NVIDIA's failed bid to buy Arm, which raised concerns about competition.
Glencore's Bribery and Market Manipulation
- Glencore pleaded guilty to bribery and market manipulation, paying over $1 billion in settlements.
- Court filings revealed that Glencore used bribes to gain preferential access to oil and manipulated fuel oil prices.
Racist Cartoon Incident
- James, a London worker, experienced microaggressions at work, including racially insensitive comments.
- When he addressed this with his manager, the manager later displayed a racist cartoon on a Zoom call.