The Number of Black C-Suite Executives Has Shrunk Under Obama
- The peak was in 2007, the year before first White House win
- African Americans must still work ‘twice as hard to be equal’
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Pamela Carlton, a former executive at JPMorgan Chase & Co. and Morgan Stanley, was as hopeful as any black American when Barack Obama was elected. She believed in the post-racial society and could imagine the next generation not facing the obstacles and isolation she did.
“There was an expectation things would get better,” says Carlton, who went to Wall Street after earning an MBA and law degree from Yale University and since 2003 has headed the consultant Springboard.