The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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every show 44 of 44
Thomas: Black business owners average one-seventh the equity of white peers
“African American business owners have on average about one seventh of the equity in their businesses of their white male counterparts.”
Thomas: Emerging private market managers outperform on average despite fewer assets
“One of the counterintuitive things in private markets is I have invested a fair amount with emerging managers. Now, the irony is empirically, it says it makes sense. Like on average, even though they have a lot less in the way of assets, they outperform, but i…”
Thomas: Under 2% of VC goes to women and diverse-owned firms
“When we look at markets like venture capital, and you say less than two percent of that capital is allocated to women in diverse-owned firms, but women and ethnically diverse people make up 70% of the population in expanding, that's a huge disconnect.”
Thomas: Most global impact capital focuses on environmental rather than social issues
“Because even if you think about impact investing, a lot of the emphasis in dollars globally Have really focused on the environmental side of the equation and not as much on the social impact side.”
Thomas: Lower middle market is the fastest-growing middle market segment but lacks capital
“If you look at the private markets, most of that focus is on the upper end of the middle market. And so you have these incredible businesses, Ted, I mean, 3040, fifty million dollars in revenue, great business plans, great growth potential who have trouble get…”
Thomas: Lower middle market has higher proportion of diverse-led companies
“And by the way, if you also have an interest in focusing on economic inclusion, You're going to have a higher percentage of those firms be actually diverse, owned, or led on a relative basis.”
Thomas: Northern Trust had female candidates interviewed without female panelists
“I found two instances where we had extraordinarily talented Female candidates come in interviewing our firm, and we have a reasonable amount of gender diversity. Not one single person on their interview schedule was a woman.”
Thomas: Black Americans Face 46% of US Drug Convictions Despite 13% Usage
“If I look at Blacks, we make up 13% or so, depending on when the last time you did the census of the population, 13, 14%, that make up the same percentage of drug users. But we make up 36% of arrest for drug conviction and 46% of drug convictions.”
Thomas: Northern Trust had $170B dedicated to sustainable investing strategies
“I mean, we got to the point of our 1.3 trillion at the time in assets, we had a hundred and seventy billion just dedicated. To a different sustainable investing strategies.”
Thomas: Women start firms faster than men and represent nearly 60% of US grads
“Women start firms at a significantly faster rate than their male counterparts. Women now make up nearly 60% of the college graduates in our country.”
Thomas: There are about 95,000 US companies with $5M–$100M in revenue
“Companies with revenue from five million to a hundred million in the US are about 95,000 companies.”
Thomas: 600-person Wall Street trading floor had only five Black professionals
“I think on our, the one trading floor that I worked on, there were approximately 600 professionals. My rough recollection was there were no more than counting me, I believe, five African Americans on the whole floor. And I think there were only to my best reco…”
Thomas: Northern Trust AM's 2008 leadership had zero women and one minority
“When I joined the asset management executive leadership team which was back in 2008, it was not a particularly diverse team. As a matter of fact, there was one gentleman who was an African American who moved to a different part of the organization when I joine…”
Thomas: Nine of 15 Northern Trust AM leadership members are diverse
“Like, so if you look at our team today, we've got a leadership team with 15 people on it. Nine of the members of our team are either women or ethnically diverse. So, you know, we have six people who are ethnically diverse. We have six women. Some of that overl…”