i(x) investments Co-founder and CEO Trevor Neilson calls on American CEOs to participate in a process of reckoning and reconciliation in response to the murder of George Floyd

By Trevor Neilson on June 2, 2020

It is time for the business community and specifically Wall Street and the world of finance to consider its role in the systemic injustices that have led our country to this moment of crisis.

For too long CEOs have sat on the sidelines on issues of race, poverty, and police brutality.

Worse, some businesses have profited from systemic injustices. Two of the largest U.S. producers of tear gas are owned by private equity firms.

It is time for a deep and painful process of national reckoning and reconciliation. This process could be loosely based on the Truth and Reconciliation Commission, a  restorative justice body assembled in South Africa after the end of apartheid.

The first step is CEOs from across the country convening simply to listen to communities that have been impacted historically by systemic oppression.

Then, shoulder to shoulder with leaders from the nonprofit community and governments, CEOs should commit to a carefully guided process to fully identify and understand historic and current injustices and develop specific plans to address them.

I have not done enough, all of us have not done enough.

It is time for us to decide what kind of country we want to become.

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