Centene CEO Michael Neidorff in a CNBC interview Friday recommended that offering higher schooling to at-risk youth is one answer to deal with the racial disparities that underscore the continued protests in America.
When requested by Jim Cramer, the host of “Mad Money,” how firms might provide cash and jobs to deal with racial inequity within the nation, Neidorff stated that Centene has donated towards grade faculties in efforts to spice up studying alternatives in low-income areas.
“One of the things we have to do to correct this is improve the educational system in the inner city,” he stated, including that if “we can do that, you can start turning people’s lives around.”
The feedback come two weeks after the loss of life of George Floyd, a 46-year-old Black father, within the custody of police on a Minneapolis road in late May. The incident, together with the current shootings of Breonna Taylor in Kentucky and Ahmaud Arbery in Georgia, has sparked ongoing protests each domestically and overseas towards social injustices and financial oppression in Black communities.
The protests have additionally raised questions on financial entry for Black individuals and minorities as an entire, together with range in company America and management. Neidorff stated nearly all of the workforce at Centene, a supplier of each private and non-private medical health insurance, is made up of individuals of coloration, a catch-all phrase for minority populations.
Centene employs 56,600 individuals, in line with Factset.
“It’s something I feel good about,” he stated. “I think it can be done.”
Neidorff touted how Centene responded to public outrage that adopted the deadly capturing of Michael Brown, the unarmed 18-year-old Black man who was killed throughout an encounter with police in Ferguson, Missouri, in 2014. The killing additionally sparked Black Lives Matter protests throughout the nation, reintroducing the difficulty of police violence to mainstream dialogue.
Centene, which is headquartered within the neighboring metropolis of St. Louis, determined to construct a $25 million service heart, creating 200 jobs, in Ferguson. It opened in 2016.
“Up until this last time, we saw property values starting to increase. If you drive through Ferguson now, people are showing pride and taking care of it,” Neidorff stated to Cramer of the progress he has witnessed within the metropolis.
“I feel successful only when I see other people being successful, and the people in Ferguson are becoming successful.”