Former IBM CEO Ginni Rometty on companies fighting racial injustice

IBM Executive Chairman Ginni Rometty told CNBC on Thursday that corporate America has the potential to create long-lasting societal change by advancing the cause of racial equality.

“The private sector has the ability to create a movement, and actually, I think, this could be the greatest mobilization of the private sector for a benefit of society,” Rometty said on “Squawk on the Street.” 

Rometty, who stepped down as IBM chief executive earlier this year, has been a staunch advocate for companies to rethink hiring practices to include candidates with diverse backgrounds, including people who haven’t obtained four-year college degrees.

Rometty’s comments Thursday come as the United States experiences renewed calls for racial justice following high-profile killings by White police offices of Black Americans in 2020, including George Floyd in Minneapolis in May.

Activists, customers and even employees have applied pressure and demanded action from companies. With protests at their peak

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