The nation’s wealthiest Black man called on corporate America to step up and address inequities in society, saying companies that profited from the historic slave trade should consider paying reparations.
Robert Smith, who made headlines last year when he shocked the graduating class of the historically Black Morehouse College with news that he was paying off their student debts, opened up about the private sector’s role in racial justice in an interview with Reuters published Wednesday.
“I think that’s going to be a political decision that’s going to have to be made and decided upon,” the CEO of private equity firm Vista Equity Partners told the outlet. “But I think corporations have to also think about, well, what is the right thing to do?”
Smith suggested corporations can use their “capital to repair the communities that they are directly associated with in the industries in which they cover.”
Read more at ABC News.