Derek Chauvin verdict sparks response from corporate America: 'Radical changes' still needed

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Much of Corporate America declared solidarity with the Black Lives Matter movement following the murder of George Floyd last year and vowed to address racial inequities in their own businesses.

After Derek Chauvin, the former Minneapolis police officer charged with killing Floyd on May 25, 2020, was found guilty Tuesday on all three charges in his death, many companies issued statements declaring it not a victory, but a step in the larger fight for racial justice.

The CEO of Minneapolis-based retailer Target (TGT) said the verdict in the Chauvin case is a sign of forward progress:

"The murder of George Floyd last Memorial Day felt like a turning point for our country. The solidarity and stand against racism since then have been unlike anything I’ve experienced. Like outraged people everywhere, I had an overwhelming hope that today’s verdict would provide real accountability. Anything short of that would have shaken my faith that our country had truly turned a corner. Today’s guilty verdict in the Derek Chauvin trial is another sign of forward progress," Target chairman and CEO Brian Cornell said in a memo to employees obtained by Yahoo Finance.

Apple (AAPL) CEO Tim Cook tweeted “Justice for Black people cannot be achieved without radical changes in the structure of our society.”

Starbucks (SBUX) wrote on Twitter that the verdict was a “step forward,” but the need to address the “root causes of what led us to this day” still remains.

Facebook (FB) CEO Mark Zuckerberg wrote: Right now I'm thinking of George Floyd, his family and those who knew him. I hope this verdict brings some measure of comfort to them, and to everyone who can't help but see themselves in his story. We stand in solidarity with you, knowing that this is part of a bigger struggle against racism and injustice.

The Business Roundtable, a nonprofit whose members are CEOs of major U.S. companies, wrote: “Today’s verdict confirms that George Floyd was the victim of a senseless crime. Though today’s verdict is a step toward justice in this case, unarmed Black men and women continue to die in encounters with the police. To ensure true justice and healing, our country needs to take steps to address its long history of racial inequity in law enforcement."