i3 - May/June 2019 - 2
From the CEO
How to Champion Diversity in Tech
Ginni Rometty,
IBM chairman,
president and
CEO
Lisa Su, president
and CEO of
Advanced Micro
Devices
Mariah Scott,
president of
Skyward
2
MAY/JUNE 2019
I T I S I N N O VAT I O N
Left to Right: David Paul Morris/Bloomberg via Getty Images, Justin Sullivan/Getty Images, David Becker/Getty Images.
T
he Consumer Technology Association (CTA) is the
According to one Harvard Business School study, liketech industry's leading trade association. And CES is minded venture capital partners have lower returns than
the largest, most visible, most important tech event
teams of diverse partners: "The success rate of acquisitions
in the world. When we host programs and events,
and IPOs was 11.5 percent lower, on average, for investments
our mission is to highlight different role models, voices and
by partners with shared school backgrounds than for those by
experiences to build a stronger, more vibrant tech economy.
partners from different schools. The effect of shared ethnicity
This is especially vital as the tech industry has a mixed
was even stronger, reducing an investment's comparative suctrack record on diversity and inclusion. Men outnumber
cess rate by 26.4 percent to 32.2 percent."
women in STEM jobs four to one. And African American and
A Bloomberg study found that 44 percent of new directors
Latino professionals hold less than one-seventh of all jobs at
appointed to boards at Russell 3,000 companies in 2018 were
large tech companies.
women, pushing the overall share to 18 percent. The industry
We're seeing signs of forward progress in diversity across STEM is making strides, but new government rules will require comeducation and the tech industry. African American employees
panies to push for more women on corporate boards. A new
represent 21 percent of Amazon's workforce, according to a 2018
California law requires public companies to have at least one
analysis by Recode. Thirty-six percent of Lyft employees in lead- female board member by the end of 2019 and three women on
ership positions are women. And most big tech
board by the end of 2021. Other states includcompanies have implemented plans to boost
ing New Jersey and Massachusetts are considdiversity among their ranks.
ering similar legislation.
We're heading in the right direction, but
I would be thrilled to help any company
there's more that can be done.
attract leaders from underrepresented groups
This year on the CES keynote stage, CTA
to its board. I know diverse experts in cyberdoubled down on its commitment to diversity
security, IoT, software, startups, health care
and inclusion in our industry, announcing a
and transportation who would welcome the
$10 million investment in funds that support
opportunity to sit on a corporate board.
startups led by women and historically underCTA's commitment to fostering diversity and
represented groups. We also support women
inclusion in the tech sector recognizes that
and diverse startups, as well as efforts to
solutions are multifaceted. We are committed
attract students into tech careers, veterans into
to strengthening the pipeline by investing in
tech jobs and diverse journalists to CES.
K-12 and STEM where we live and work. We
CTA's volunteer boards are becoming more
are committed to creating more entry ways
We are
diverse, too. This makes sense as corporate
into the tech sector through the expansion of
leadership and boards that lack diversity are
apprenticeships. We are committed to investcommitted to
coming under scrutiny by media, shareholding in women and diverse entrepreneurs by
investing in
ers and even policymakers.
supporting venture funds and firms. Help
women and
Diversity around a table produces more
champion the cause of equality. Our success in
diverse entreideas than a homogeneous team rubber
the tech sector depends on it.
preneurs by
stamping the dominant person's solutions. I
supporting
have argued for years that our nation's
strength is our incredible diversity, as it fosventure funds
ters creative thought and world-leading innoand firms.
vation. And research shows diverse boards
Gary Shapiro,
produce better results.
President and CEO
i3 - May/June 2019
Table of Contents for the Digital Edition of i3 - May/June 2019
Contents
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i3 - May/June 2019 - Contents
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