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June 5, 2020 Welcome to this edition of The Reader, your weekly roundup of Fortune stories and insights you need to know.
Protests have erupted around the world to demand racial justice after a white police officer killed George Floyd. As police violence endures, spending on "less-lethal ammunition" such as rubber bullets is expected to grow to $1.1 billion by 2023.
In business, the number of black CEOs in the Fortune 500 remains very low. Black workers are losing jobs at twice the rate of white workers during the pandemic. Companies are speaking out against racial injustices.
But how do they fare in their own workplaces? Black employees in the corporate world, we want to hear from you: Please submit your anonymous thoughts and anecdotes here.
Fortune may publish your answers. Read on for more stories—I hope you have a safe and healthy weekend. Clifton Leaf
P.S. Please consider becoming a Premium subscriber of Fortune. You’ll not only get to read all of our award-winning reporting and enjoy other subscriber benefits, but you’ll also be supporting independent, authoritative journalism during an era when we need it most.
MUST READ
Since the onset of the coronavirus outbreaks, 24% of black workers say they have lost their job compared with 20% of Hispanic workers, 19% of Asian workers, and 11% of white workers.
BY LANCE LAMBERT JUNE 2, 2020
POLICE
Everything to know about rubber bullets and their risks
While “rubber bullet” is frequently used as a blanket term for all less-lethal ammunition, it’s inaccurate. BY DAVID Z. MORRIS JUNE 4, 2020
EUROPE
Europe’s reaction to George Floyd’s death highlights racism at home as well as in the U.S.
BY KATHERINE DUNN AND JEREMY KAHN JUNE 3, 2020
LEADERSHIP
The number of black CEOs in the Fortune 500 remains very low
BY PHIL WAHBA JUNE 1, 2020
MUST WATCH Defense Secretary Esper does not support invoking the Insurrection Act
"The option to use active-duty forces in a law enforcement role should only be used as a matter of last resort," he said at a press conference. Esper also spoke about President Trump’s church photo-op.
JUNE 4, 2020
Here's a peek at Fortune Analytics, our exclusive newsletter for Premium subscribers that brings you weekly business insights based on timely data analysis by our editorial team and exclusive polling.
This week, we polled 2,526 U.S. adults to see where the country stands on company statements.
68% ... of U.S. adults approve of business leaders speaking out on social and political issues. That includes 58% of Republicans, 77% of Democrats, and 75% of Independents.
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More essential reads
From the archives
“Modern social movements often fizzle after their moment in the national news (Occupy Wall Street and to a lesser extent the Tea Party come to mind). Black Lives Matter has steadily gained momentum since its founding in 2013, when activist Alicia Garza coined the phrase and fellow activist Patrisse Cullors made it a hashtag. Alongside Opal Tometi, they created the Black Lives Matter network, which has grown to 28 local chapters, each fighting a range of racial injustices like police brutality and racial profiling. Last year the movement inspired college students to take up the mantel, with some successes (the system president and chancellor of the University of Missouri resigned over outcry they failed to address campus racism). They also pushed the presidential candidates to address the country’s systemic racism – an issue would-be nominees would probably have preferred to sidestep.” —The Black Lives Matter founders are among the world’s greatest leaders by Erin Griffith, March 2016 . This email was sent to newsletter@newslettercollector.com Unsubscribe | Edit your newsletter subscriptions
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