Thread by @cindygallop

You end racism in business by hiring, welcoming & promoting Black talent, bc then you PAY Black talent & channel wealth to Black households. This esp needs to happen in #crypto, where wealth needs to spread beyond white men. But: @coinbase @nathanielpopper nytimes.com/2020/11/27/tec…

“Most people of color working in tech know that there’s a diversity problem,” said Ms. Butler, who resigned in April 2019. “But I’ve never experienced anything like @Coinbase.”
@nathanielpopper @nytimes nytimes.com/2020/11/27/tec…
#BlackLivesMatter #DiversityAndInclusion #crypto

'Much of @Coinbase’s culture stems from the one around #Bitcoin..which..has attracted a generation of fans known as “#crypto bros.” Many have propagated a brash male-dominated way of life, facing criticism for sowing racism and sexism.' @nathanielpopper nytimes.com/2020/11/27/tec…

'At @Coinbase, Mr. Armstrong, who eschewed some of #Bitcoin’s most renegade elements, began building what he called an “all star” culture, with mostly young white and Asian men.' @nathanielpopper @nytimes nytimes.com/2020/11/27/tec…
#DiversityAndInclusion #BlackLivesMatter #crypto

'@RubyBhattachary said the search for this “consistent culture” often meant looking for people who resembled the other staff. Ms. Bhattacharya, who is gay and was born in England to Indian parents, said her colleagues made it clear she did not belong.' nytimes.com/2020/11/27/tec…

'@layllensawyerr and others said days when reporters or photographers came in, they were told to be present so they could be in the photos to display @Coinbase’s diversity. But in meetings, they were talked down to and ignored.' @nathanielpopper nytimes.com/2020/11/27/tec… #crypto

'@Coinbase often turned its scrutiny on the person who complained..“Those of us who were vocal about the unfair treatment — they either pushed you out or created an issue that wasn’t an issue to force you out,” Johnson-Porter said' @nathanielpopper nytimes.com/2020/11/27/tec…
#crypto

Funny how that always happens when a company hires a consultant to review itself. '@kimbatronic said @Coinbase hired a consultant over the summer who did interviews and looked at the company’s history, and found “no evidence of structural bias.” nytimes.com/2020/11/27/tec…
#crypto

'Managers in customer support wrote their own report. It concluded @Coinbase’s executive team “hasn’t learned anything from the amount of time & labor put into listening sessions or the vulnerability expressed by Black employees.” @nathanielpopper nytimes.com/2020/11/27/tec…
#crypto

'The report was presented to @coinbase executives, two people with knowledge of the situation said. The executives, they said, have not acted on its recommendations.' @nathanielpopper @nytimes nytimes.com/2020/11/27/tec…
#BlackLivesMatter #DiversityAndInclusion #crypto #bitcoin

Fyi, Silicon Valley and corporate world, this is what I do as a consultant: help companies completely re-engineer themselves to integrate equality, diversity and inclusion into their day to day operations, so a) this shit doesn't happen, and b) you make more $$ BECAUSE #diversity

Watch me with @zeitguidebrad on @Zeitguide tell you exactly how to end racism in the corporate world, in ways you won't have heard anywhere else:
#DiversityAndInclusion #BlackLivesMatter #ChangeTheRatio