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1.1Are corporate statements againstracism genuine and useful, orhollow and useless?You decide!2.1Corporate statements againstracism are hollow and useless1.3Many companies makesuch statements just toprotect their bottom line2.7Customers, especiallymillennials and Gen Z,overwhelminglyprefer to buy fromcompanies that sharetheir beliefs andvalues - especiallynow, in the midst of apandemic-inducedrecession whenspending is limited3.8Nike heavily profitedoff of its partnershipwith Kaepernick andmade a recordnumber of sales3.9Following MiltonFriedman's economictheory, manycompanies believethat their primary"social responsibility"is to increase profitsfor their shareholders3.10Andre Perry, a fellowat the BrookingsInstitution said"These statementsare a sign ofdefensiveness moreso than an indicationthat they areproactively workingto deconstruct racismin this country"3.11Most companies'statements in responseto the pandemic werealso hollow and useless2.8Many companies thatsigned a corporateresponsibility pledgeare furloughingemployees, payingdividends toshareholders andprovoking laborcomplaints fromworkers3.12Many suchstatements appear tobe hypocritical2.9When Reddit releaseda statement ofsupport for theGeorge Floydprotests, the formerReddit executive EllenPao responded, “I amobligated to call youout” and pointed tothe company’s ownrecord of profitingfrom whitesupremacist speech3.13Tim Cook and Appleannounced theywould donate topromoting racialequality while alsofacing a lawsuit fromCongolese familieswho say that theirchildren were killed orinjured while miningcobalt that Apple usesin its devices3.14Amazon claimed tosupport the fightagainst systematicracism while alsoallegedly trying tosmear a blackemployee who wasleading a walkout3.15The GuggenheimMuseum observed"Blackout Tuesday"but allegedly did notinvite their first blackguest curator for apanel about her ownwork3.16Many Fortune 500companies supportthe BLM movement,although only 4 havea black chiefexecutive3.17Corporate statements againstracism can be genuine anduseful1.2Some companies hadalready endorsed theBLM movementbefore it recentlybecame morepopular2.2Companies like Ben &Jerry's endorsed themovement in 2016, 4years before thecurrent protests3.1Nike endorsed ColinKaepernick's protestsand put his face inadvertisements backin 20183.2Corporate statementsstill shine a light onsystemic injustices,regardless of thecompany's motives2.3These statements riskalienating a hugeportion of theirconsumer base2.4The BLM movementwhich companies aresupporting is stillopposed by 33percent of thecountry3.3Many peopleprotested andboycotted Nike whenthey endorsed ColinKaepernick3.4A company wouldhave to be genuine torisk alienating a hugeportion of theirconsumer base2.5Some companieshave actually madechanges in line withtheir statements2.6Nike maintains payequity for women andmembers of minoritygroups, and fundsgrassroots initiativeslike PeacePlayers3.5Reddit co-founderAlexis Ohanianresigned from thecompany’s board tomake way for a Blackcandidate3.6Many majorcompanies such asWarner, Disney andAmazon are pledgingtens of millions ofdollars to BLM,NAACP, and otherinitiatives to combatsystem racism3.7

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