LGBT CEOs pressed to advance the movement

There are currently few out LGBT CEOs in any publicly traded companies. We are seeing more out LGBT CEOs in smaller companies. When Christopher Bailey, an openly Gay man, was named CEO of Burberry, his sexuality did not appear to be an issue. This emphasized some of the steps made in workplace diversity, but there is still a great deal of work that needs to be done.

However, activists point out there are still many lesbian, gay, bisexual, and transgender (LGBT) employees who feel they can't be open about their sexual orientation at work. Out On The Street, an organization that brings together major Wall Street firms to create a network of LGBT business leaders, is hoping to reverse that trend. The organization held a summit in Hong Kong Thursday on workplace diversity in Asia. Todd Sears, the founder of Out On The Street, said the event generated a huge level of interest with 19 banks participating in the event.

CNBC has the details.


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