#GAReads | Companies With Diverse Executive Teams Posted Bigger Profit Margins, Study Shows
Diversity isn’t just a corporate feel-good measure. It has bottom-line benefits, a new study suggests.
In one of the largest research endeavors of its kind, McKinsey & Co. examined the financial data of more than 1,000 major companies across 12 countries, as well as the gender and ethnic makeup of their workforces. The analysis—which builds on the findings of a smaller, oft-cited 2015 study by the consulting firm—found that companies with diverse executive teams posted bigger profit margins than their rivals, compared.