On Jan. 24, Black Enterprise and the Executive Leadership Council (ELC) held a reception ceremony at the Morgan Stanley headquarters in New York City to celebrate 50 companies making a concerted effort to push for diversity and inclusion. These companies were also featured in our October 2016 issue and listed online.
Black Enterprise President and CEO Earl “Butch” Graves Jr. opened the ceremony with a strong welcoming address that applauded the companies for making the list.
“Diversity does not happen unless it is intentional,” he said.Black Enterprise President/CEO Earl “Butch” Graves Jr. giving welcome remarks
He then introduced motivational speaker Carla Harris, the vice chairman of Wealth Management and senior client advisor at Morgan Stanley. Harris congratulated all of the companies for making BE’s list but pushed them to do more when it comes to diversity.(Welcome remarks given by Carla Harris, Vice Chairman, Wealth Management Senior Client Advisor, Managing Director, Morgan Stanley)
Following the reception, Harris explained to BE why it’s essential for companies to focus on diversity and inclusion in order to compete and lead in today’s market.
“In order to get the best idea, you need diverse people in the room so that you have diverse perspectives [and] diverse experiences, which leads to diverse ideas and therefore, innovation,” she said.
Harris also pointed out that diversity is a key component for companies looking to recruit the best talent.
“The emerging professionals that I like to call the Millennials and the Xers, they will demand to see diversity in the corporations that they choose to commit their lives and their talents to,” she said. “They have seen multi-cultural people lead. They have seen women lead their entire lives, and so that is what excellence looks like for them. So if you want to be the company of choice for the best and brightest that are there and that are coming to the workforce, then you will have to be able to demonstrate that if you want to be able to attract and retain them.”
Likewise, ELC President and CEO Ronald C. Parker also talked about the importance of championing diversity while addressing the crowd.Ronald C. Parker, president and CEO of The Executive Leadership Council (ELC), giving remarks
After each company rep received a certificate, Susan K. Reid, the managing director and global head of diversity and inclusion at Morgan Stanley, addressed the room and thanked BE for the opportunity to host the reception at Morgan Stanley.Susan K. Reid, Managing Director and Global Head of Diversity and Inclusion, Morgan Stanley, giving remarks