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CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

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NewslettersraceAhead

Netflix’s ex-diversity head says U.S. election will only strengthen case for DEI. Here’s her advice for leaders

By
Lila MacLellan
Lila MacLellan
and
Ruth Umoh
Ruth Umoh
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By
Lila MacLellan
Lila MacLellan
and
Ruth Umoh
Ruth Umoh
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February 21, 2024, 11:26 AM ET
Vernā Myers speaks on stage
Vernā Myers, former Netflix diversity head, says the U.S. election will strengthen the need for workplace DEI.Marla Aufmuth—Getty Images for Watermark Conference for Women
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Hello, Fortune leadership writer Lila MacLellan here, filling in for Ruth.

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Vernā Myers, who left Netflix as head of inclusion strategy last fall, is back running her eponymous consulting company. 

After five years as the streaming giant’s first-ever inclusion director, Myers is rebooting her previous role at a time when fellow professionals have to address the “ridiculous” anti-DEI movement, she says. Coupled with that is an election year that has corporate leaders worried about disruption and divisiveness in the workplace.

“We are not going to get to this election without more polarization, more anger, more hatred, more disunity,” Myers says. For that reason, she says this election will only bolster the case for DEI—no matter the outcome.

Myers urges business leaders to start preparing now for pre-election turmoil. “Don’t wait. You know this is happening, and people are freaking out and fearful,” she says. Before the election intensifies, remind employees of your core values as a company and stress to everyone—including leaders— the importance of treating people “fairly, with dignity and respect, no matter their choices or affiliations.” 

The workplace is not an ideal place to have political conversations, says Myers. Nevertheless, politics are embedded in the policies that affect work and daily life, making the polarization that has taken hold in the country hard to escape. Leaders and managers, therefore, should model empathy for all while remaining sensitive to the fact that direct reports on the same teams who share the same business goals may hold vastly different views about the election’s hot-button topics.  

For some employees, the potential outcomes of this election are direct and devastating, says Myers. Former president Donald Trump has already previewed some of his race-related talking points that might take the spotlight on the campaign trail, including his thoughts on the influx of migrants to the U.S., global conflicts, and diversity programs. Your employees’ well-being, or their family’s, may be at stake, says Myers. To business leaders, she says: “Remember that you may be far from the implications of certain policies, but it’s not theoretical for some people.”

Lila MacLellan
@lilamaclellan
lila.maclellan@fortune.com

Today’s newsletter was curated by Ruth Umoh.

What’s Trending

Key asset. The number of racial and ethnic minorities who own homes in the U.S. grew considerably from 2012-2022, with Asian Americans seeing the most growth at 63% in 2022, up from 57% a decade before. Fortune

Redirection. Some companies are bucking against the trend of cutting DEI teams. Among them are J.M. Smucker, Victoria’s Secret, Michaels, Moderna, Prudential, and ConocoPhillips, which expanded their DEI teams by 50% or more in 2023, according to Revelio data. WaPo

Fresh capital. Former SoftBank executive Marcelo Claure and entrepreneur Paul Judge are raising a new $200 million fund after buying SoftBank’s diversity fund last year. The previous $100 million fund invested in 75 startups led by Black and Hispanic founders and has had seven exits. Insider 

The Big Think

Basketball legend Lebron James is among a cadre of Black billionaires (think: Magic Johnson, Michael Jordan) who have amassed their wealth not through sports but by leveraging their brand to create a stream of businesses. For the 39-year-old, that includes movies, TV, advertising, and a grooming line, according to this Wall Street Journal profile of the NBA star's business ambitions.

This is the web version of raceAhead, our weekly newsletter on race, culture, and inclusive leadership. Sign up for free.

About the Authors
By Lila MacLellanFormer Senior Writer
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Lila MacLellan is a former senior writer at Fortune, where she covered topics in leadership.

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By Ruth UmohEditor, Next to Lead
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Ruth Umoh is the Next to Lead editor at Fortune, covering the next generation of C-Suite leaders. She also authors Fortune’s Next to Lead newsletter.

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