ABSTRACT
Diversity helps elite white children learn how to interact with minorities so that they will be better CEOs, lawyers, teachers, and managers of firms in the future. As with the K-12 schools, most whites view racial diversity in higher education as having significant limits. Most research on racial and gender diversity and financial performance focuses on businesses in the private sector. Companies with greater racial/ethnic or cultural diversity on the top executive team outperformed other companies. From an educational perspective, the significant value of college experiences of diversity in terms of student learning outcomes has been demonstrated through an extensive body of research studies. From a holistic standpoint, all institutions of higher education, public and private, will benefit from regularly conducting a major diversity audit in order to ensure rigorous analysis of current diversity structures and avoid repetitive and self-defeating diversity cycles.
