Businesses and philanthropy unite to fight racial wealth gap

NEW YORK — The CEOs of Starbucks and Goldman Sachs will join leaders from philanthropy and academia in a new initiative to address the racial wealth gap in the United States.

The initiative is called NinetyToZero, so named for the roughly 90% wealth gap between white and Black Americans. Its leaders describe the goal as providing a roadmap for organizations to “counteract centuries of discrimination, segregation, and financial exploitation,” according to the group’s launch plans announced Tuesday.

“Every business has a responsibility – and can influence others – to advance racial equity, create opportunities for others and strengthen the communities it serves,” Kevin Johnson, Starbucks’ CEO, said in a statement. “Starbucks

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