In the Fortune 1000 sample, minorities hold about 15 percent of employee positions but only 6 percent of management positions and 3 percent of executive level management positions, so representation falls as seniority rises.
Source quote, verbatim
In the sample dataset of Fortune 1000 companies, 37% of employees are women and about 15% are minorities.16 Management positions are held only at 17% by women and 6% by minorities.17 Executive level management positions are only at 6% women and 3% minorities.18
Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378
Holds when
Fortune 1000 sample dataset cited in the text
Classification
empiricalsupport: evidencedempirical-evidence
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