Delta and Bain & Company cut ties to event honoring Brazil's president; Bolsonaro cancels US visit after protests
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Author: Rob Picheta, CNN
Brazilian President Jair Bolsonaro has canceled a trip this month to New York, backing down in the face of outrage in the city over his populist policies and his homophobic, racist and misogynistic remarks. Bolsonaro had been due to accept a Person of the Year award from the Brazilian-American Chamber of Commerce, but his selection... prompted dismay from activists and politicians and caused host venues and sponsors to dump the event... New York Mayor Bill de Blasio had called Bolsonaro "a dangerous man" and welcomed the American Museum of Natural History's decision last month to pull out of hosting duties... [O]rganizers had been scrambling to keep the May 14 gala on track after announcing Bolsonaro as the honoree, with Delta Air Lines, Bain and a handful of other sponsors dropping the event... He has supported removing indigenous communities from the Amazon rainforest and opening up the region for further mining... "Jair Bolsonaro is a dangerous man," de Blasio said earlier. "His overt racism, homophobia and destructive decisions will have a devastating impact on the future of our planet."
Citigroup CEO defends sponsorship of event for Brazilian president amid controversy over anti-LGBT comments
Author: Ryan Ruggiero, CNBC
Citigroup CEO Michael Corbat defended the Wall Street bank’s sponsorship of an upcoming event in New York City honoring Brazil’s president Jair Bolsonaro, who has a history of homophobic comments. Corbat told CNBC’s “Squawk on the Street” that the bank spends “a lot of time” making sure its staff understand the company’s support of the LGBT community... “We spend a lot of time making sure our people understand the values of our company, and I hope in the case of that, there’s no question in terms of our support, our unwavering support, for our LGBT community,” Corbat told CNBC’s Carl Quintanilla. “In there, we’re supporting the Brazilian Chamber of Commerce. We’ve operated in Brazil for many, many decades, and I think we’re very clear in terms of our stance.” Citi has received a perfect score on the Human Rights Campaign Foundation’sCorporate Equality Index for 15 consecutive years.
Author: Jackie Wattles, CNN Business
Delta Air Lines and at least one other company are cutting ties with an upcoming event intended to honor Brazilian president Jair Bolsonaro. Bolsonaro is set to receive the Brazilian-American Chamber of Commerce's Person of the Year Award... in Manhattan on May 14... Delta (DAL) and Bain & Company, a management consulting firm, were among the sponsors for the event. They announced Tuesday that they would no longer be involved. Delta declined to comment beyond confirming its decision. Bain said in a statement that "encouraging and celebrating diversity is a core Bain principle." And though the company remains supportive of the Brazilian-American Chamber of Commerce, Bain said it chose not to sponsor the 2019 Person of the Year gala.
... A host of other corporations — including Bank of America Merrill Lynch, Bank of New York Mellon, BNP Paribas, Citigroup, Forbes, HSBC, JPMorgan, UBS, Credit Suisse and Morgan Stanley — also signed on as sponsors. Bank of America, Credit Suisse and BNY Mellon declined to comment to CNN Business about their role in the event. The others did not respond to a request for comment. Marriott International, meanwhile, told CNN Business that "diversity and inclusion are part of the fabric of our hotel's culture and operations." The company has a history of prioritizing LGBT inclusion. "We have welcomed all for over 90 years and focused on putting people first," the hospitality company said in a statement. "We are required by law to accept business even if it conflicts with our values. Acceptance of business does not indicate support, or endorsement of any group or individual."