Sylvia Ann Hewlett, founder and CEO of the Center for Talent Innovation, and Kenji Yoshino, Chief Justice Earl Warren Professor of Constitutional Law at NYU School of Law and Member of the Out Leadership Global Advisory Board, have written an article in the Harvard Business Review detailing their Out Leadership-sponsored study, “Out in the World: Securing LGBT Rights in the Global Marketplace.”
According to the study, LGBT-inclusive companies are better at three important things in business:
1. Attracting and retaining top talent.
2. Wooing and winning critical consumer segments.
3. Innovating for underserved markets.
The article includes an anecdote detailing Out Leadership Founder and Principal Todd Sears’s time at Merrill Lynch. When he first started, no one at the company was working to establish and secure the firm’s presence in the LGBT community. Sears sought out to change that, and by addressing issues that were important and unique to the community, he and his team brought $1.4 billion to the firm over four years.