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Factbox: What changes are companies making in response to George Floyd protests?

Stock MarketsJun 13, 2020 03:25PM ET
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© Reuters. Protesters rally against the death in Minneapolis police custody of George Floyd, in New York

(Reuters) - The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling:

Starbucks Corp (NASDAQ:SBUX) said on June 12 it would allow employees to wear Black Lives Matter t-shirts and pins, rolling back restrictions on how baristas could show support for the social movement against racism. (https://

Apple Inc (NASDAQ:AAPL) said on June 11 the iPhone maker will increase spending with black-owned suppliers as part of a $100 million racial equity and justice initiative, while Google (NASDAQ:GOOGL)'s YouTube video service said it will spend $100 million to fund black content creators. (https://reut.rs/37qJGk0)

Walmart (NYSE:WMT) Inc said on June 10 it would no longer keep "multicultural hair and beauty products" in locked display cases at any of its stores. Critics had said doing so suggested consumers of those products are more likely to shoplift. (https://reut.rs/2MOMOwV)

NASCAR on June 10 banned the Confederate flag at all its car racing tracks and events, saying the symbol of white segregationists "runs contrary to our commitment to providing a welcoming and inclusive environment for all fans". (https://reut.rs/2MQWoPV)

Amazon.com Inc (NASDAQ:AMZN) on June 10 imposed a one-year moratorium on police use of its facial recognition product, Rekognition, which critics say is more likely to misidentify people with darker skin and more likely to be used in minority communities. (https://reut.rs/3dRzofn)

Jack Dorsey, the CEO of Twitter Inc (NYSE:TWTR) and Square Inc (NYSE:SQ), announced on June 9 that June 19, or Juneteenth, would become a paid company-wide holiday every year for employees of both companies. The date commemorates the June 19, 1865 reading in Texas of President Abraham Lincoln's Emancipation Declaration, which brought an end to slavery in the United States. (https://reut.rs/2BUKMZK)

U.S. payments group Mastercard Inc (NYSE:MA) in a message to its employees on June 12 said that June 19 will be a holiday for its employees and the day would be designated as Mastercard Day of Solidarity. (https://

L'Oreal SA on June 9 rehired Munroe Bergdorf, a British black transgender model it sacked in 2017 after she described all white people as racist. The French cosmetics company offered Bergdorf a seat on a newly formed UK diversity and inclusion advisory board, a role she accepted. (https://reut.rs/37myWTQ)

HBO said on June 9 it would pull from its HBO Max streaming service the Oscar-winning 1939 film "Gone with the Wind," long decried for its racist depictions of blacks in the antebellum South. (https://reut.rs/37pUAqq)

The Paramount Network, owned by ViacomCBS (NASDAQ:VIAC) Inc, said on June 9 it would discontinue the reality show "Cops" after 33 years on air. Critics say the show has glorified police violence. (https://reut.rs/2Avfw35)

International Business Machines (NYSE:IBM) Corp said on June 8 it would no longer sell or research facial recognition tools that critics contend are biased against people of color. (https://reut.rs/2YmmOOw)

NFL Commissioner Roger Goodell said on June 5 the league was "wrong for not listening to NFL players earlier," an apparent reference to its opposition to players kneeling during the national anthem to protest police treatment of African Americans, a protest initiated by quarterback Colin Kaepernick in 2016. "We, the National Football League, believe black lives matter." (https://reut.rs/2BVAHM5)

Bank of America Corp (NYSE:BAC) on June 2 said it would spend $1 billion over four years to address racial and economic inequality. (https://reut.rs/3cXIWUI)

Factbox: What changes are companies making in response to George Floyd protests?
 

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Comments (10)
Divine chiedozie
Divine chiedozie Jun 14, 2020 2:21AM ET
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the protestors are rreally doing bad
Klaus Weyers
Klaus Weyers Jun 13, 2020 8:57PM ET
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tks for the update.. am no longer going to watch HBO, go to starbucks, will cancel my mastercard... and thow out all L'Oreal products.. why does the left not acknowledge how racist it was to call all white people racist??
David David
David9 Jun 13, 2020 8:57PM ET
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Explain yourself....we waiting.
Vlad Lozovskiy
Vlad Lozovskiy Jun 13, 2020 8:22PM ET
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Thanks for letting me know.  Cancelling my Mastercard.
Yuriy Brych
Yuriy Brych Jun 13, 2020 8:10PM ET
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So sad innever knew country can support a criminal to this extent. I would take knee for martin luther king any day.. but never for criminal!
Sam Crowther
Sam Crowther Jun 13, 2020 7:21PM ET
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This is ashame. Black people are the worst racists
Klaus Weyers
Klaus Weyers Jun 13, 2020 7:21PM ET
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you are so right.. my experience supports your statement
Anthony Badalamenti
Anthony Badalamenti Jun 13, 2020 7:21PM ET
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A mostly failed race. Evolution has bypassed most blacks in America. I have more respect for Africans than I do the dopes that constantly cry racism.
bruce johnson
bruce johnson Jun 13, 2020 7:15PM ET
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let's see commit Federal crime do the time.
Di Did
Di Did Jun 13, 2020 6:54PM ET
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BigTech corporations like #Accenture and #Salesforce believe it is ok to talk about your Skincolor and who you sleep with as if it was their business. Its like they are Discriminating more than ever and I think that is way to control people.
Lester Burnham
shib Jun 13, 2020 5:59PM ET
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thanks for listing these so i dont have to research this. ill add them to my list of companies i wont buy from
Brady Murray
Brady Murray Jun 13, 2020 4:20PM ET
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Boarding up windows and laying even more people off? Delaying economic recovery even more for the protestors.
Gelik Brabus
Gelik Brabus Jun 13, 2020 4:20PM ET
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Lol economic recovery, with numbers rising even more now. What was the point of a half ***lockdown in the first place? Fail
Anthony Badalamenti
Anthony Badalamenti Jun 13, 2020 4:20PM ET
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Not protestors, Brady. rioters, looters and terrorists.
Kilo Byte
Kilo Byte Jun 13, 2020 4:10PM ET
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Explain the "racial equity" in specifically targeting purchasing orders at one race?
 
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