Daryn Dodson, managing director of Illumen Capital, explains counterproductive behavioral tendencies well-meaning managers display when evaluating underrepresented employees.
0:00 / 0:47exact quote · 47.3s
720p mp4 · rendered on demand · StarZero watermark
“One of the common mistakes that people make in mentoring women and people of color oftentimes is that in their organization will during a performance review go easier or not. They're like, well, this person's really experienced a lot of pain in their life. They're constantly overlooked and underestimated. And now I don't need to pile on by giving a lot of critical feedback in a review. Well, the opposite is true based on research, that those that don't get the feedback that they need in order to punch through the next promotion or place in their career will ultimately not be as successful as those that do.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Daryn Dodson
Opinion
Dodson: Allocators cannot fulfill fiduciary duty without bias reduction
“And that mirror is asking folks to be accountable to the optimization and fiduciary duty that they've signed up for and realize that without bias reduction, that is not being met, and there needs to be a big investment in innovation and getting these tools rig…”
Daryn DodsonDec 14, 2020▶ 50:07Diversity Equity & Inclusion 5: Daryn Dodson – Training and Action at Illumen Capital (Capital Allocators, EP.168)
AssertionSupported
Dodson: Allocators systematically discount Black fund managers with identical track records
“So we secretly tested a 180 asset allocators managing over a trillion dollars in capital and almost every situation that an asset allocator looked at a high performing black lead fund and a high performing white lead fund. When they looked at these two cases, …”
Daryn DodsonDec 14, 2020▶ 26:25Diversity Equity & Inclusion 5: Daryn Dodson – Training and Action at Illumen Capital (Capital Allocators, EP.168)
AssertionNot checkable as stated
Dodson: Eliminating race and gender bias unlocks a $35 trillion opportunity
“Because there's a 35 trillion dollar opportunity on the other side of getting this stuff right, we believe that it is like those we've partnered with an essential process to one, yeah, make our world a better place, but two, to certainly compete out these retu…”
Daryn DodsonDec 14, 2020▶ 46:59Diversity Equity & Inclusion 5: Daryn Dodson – Training and Action at Illumen Capital (Capital Allocators, EP.168)
AssertionSupported
Dodson: Anti-predatory lending reforms generated $9.1B in annual consumer savings
“That was powerful to have opportunity to work with 60 attorneys on trying to develop statewide frameworks of which we passed a number of them in 2002 to 2005 to stop that to the tune of 9.1 billion dollars a year in savings for those that were overcharged in t…”
Daryn DodsonDec 14, 2020▶ 13:15Diversity Equity & Inclusion 5: Daryn Dodson – Training and Action at Illumen Capital (Capital Allocators, EP.168)
AssertionSupported
Dodson: Diverse managers oversee only 1.3% of $69 trillion in assets
“Asset management is 1.3% Of 69 trillion dollars in capital that are managed by one of the largest demographics of folks on the planet being women and people of color.”
Daryn DodsonDec 14, 2020▶ 20:17Diversity Equity & Inclusion 5: Daryn Dodson – Training and Action at Illumen Capital (Capital Allocators, EP.168)
Insight
Dodson: Racial bias by fund managers explains the underrepresentation of Black-led companies
“Many fund managers that are looking for companies likely also make that same discounting Within the process of their selection, which helps us understand why Black-led companies are so underrepresented, even despite performance.”
Daryn DodsonDec 14, 2020▶ 27:45Diversity Equity & Inclusion 5: Daryn Dodson – Training and Action at Illumen Capital (Capital Allocators, EP.168)
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 700 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.