All articles tagged with #sandp 100
Nike exits the S&P 100 in the quarterly rebalance, replaced by four information-technology names—Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk—while Nike remains in the S&P 500. Other leavers include Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive; all replacements come from the IT sector, shifting the index toward chips, cloud hardware and cybersecurity.
An analysis by Bloomberg News reveals that only 6 percent of new S&P 100 jobs went to white applicants in the year following George Floyd's death, raising concerns about the extent of race discrimination in corporate America. The data, based on information reported to the Equal Employment Opportunity Commission, shows that 94 percent of the total increase in jobs went to "people of color," despite these groups making up just 40 percent of the U.S population. The findings suggest that race-conscious decision-making has permeated routine employment decisions, potentially leading to legal challenges. Companies' efforts to incentivize diversity through financial means, such as tying executive compensation to racial targets, may also carry legal risks.