BofA Invests Heavily in Minority Owned Private Equity Funds

The transcript discusses the significance of Juneteenth and Bank of America's efforts in promoting diversity, equity, and inclusion. It highlights the company's initiatives in community investments, support for minority entrepreneurs, and the importance of racial audits. The conversation also emphasizes the need for open dialogues on diversity and inclusion within the company and society.

What historical event is linked to the day Union troops entered Texas in 1865?

• The start of the Civil Rights Movement

• The Emancipation Proclamation

• The end of the Civil War

• The signing of the Declaration of Independence

Which of the following is NOT a strategy mentioned by Bank of America to enhance diversity?

• Supporting minority entrepreneurs

• Hiring from low-income neighborhoods

• Investing in minority-led private equity funds

• Offering free college education

What is the purpose of racial audits as discussed in the transcript?

• To increase company profits

• To improve customer satisfaction

• To evaluate diversity policies and practices

• To reduce employee turnover

How does Bank of America ensure equal pay for equal work?

• By conducting internal reviews only

• By relying on employee feedback

• By comparing salaries with other banks

• By using third-party evaluations

What is the definition of inclusion used by Bank of America?

• Being able to work from home

• Being able to be oneself at work

• Having equal opportunities for promotion

• Receiving the same salary as peers

What initiative did Bank of America support to encourage courageous conversations?

• A social media campaign

• A new employee training program

• A series of public lectures

• A partnership with the Smithsonian

How does Bank of America measure progress in inclusion?

• By comparing with industry standards

• By tracking employee promotions

• By analyzing customer feedback

• By conducting annual surveys