By Richard Hack
Speaking on CBS’ “Face the Nation,” Zide Zeitlin, the CEO of Fortune 500 company Tapestry Inc., said diversity is an essential part of the success in business. Tapestry, whose brands include Coach, Kate Spade and Stuart Weitzman, has been a leader both in diversity within its company, but in a bounce-back I business during the current economic pandemic.
Zeitlin is one of only four Black CEOs heading a Fortune 500 company. It is an astonishingly small number, but becomes even more extraordinary when it is revealed that not a single one of the four is a woman.
“It’s an unfortunate reality, and it’s a real opportunity. And it’s an opportunity really for boards and for management to challenge themselves, to really challenge themselves in terms of both diversity and inclusivity,” Zeitlin said.
“It’s a real business imperative to have a diverse number of views around the table. The more you have different life perspectives, different experiences around the table, we develop better products, we develop better solutions as corporations. And it’s one of America’s great strengths if we get it right. So it’s really holding ourselves much more accountable, the same way we hold ourselves accountable for revenue and profit targets to make sure that we are diverse. And then to meet that diversity with a really inclusive environment, one that encourages people to show up fully at work as themselves.”