SHARPTON: There are no blacks on 30 percent of the Fortune 500 companies’ board of directors. Apple, where we spend a lot of money on Apple, they have a new iPhone coming out today, no blacks in board of Apple. We buying up all this Apple stuff and can’t get a bite. … Now today the iPhone comes out. That is of course produced by Apple and Apple is one of those companies, I mean, we do a tremendous amount of business in our community with Apple, yet we’re not on their boards and there is no evidence they do a lot of advertising or a lot of contracting in our community, is that correct?
GRAVES: That’s correct and I think, you know, it’s one thing to have the measurement being the people who are on the board, but once a person’s on the board then it’s really measuring four different things. And the key is, what is the percentage of money that they spend in procurement that they’re spending with minority-owned businesses or African-American firms? The second is, what percentage of senior managers or direct reports are people of color? The third is, what percentage of money that you spend are you spending with or directed to African-American media? Of course, the last is the board of directors. The part that is so shocking is that Apple, which is probably the best known of the companies, basically strikes out against all four.
GRAVES: They have no African-American directors in the company. They do little to no spending in African-American media. They do little to no spending with, in procurement with African-American firms. And as you, as I quote you all the time, the corporate board, not corporate board but the corporation in the executive ranks, looks like the Himalayas.
GRAVES: Because the higher you go, the whiter it gets.