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Diversity pays business dividends, says fund-firm President Hobson

Mellody Hobson, president of Ariel Investments LLC, speaks during an interview in Hong Kong, China, on Friday, Sept. 1, 2017. Buoyant equity markets have Hobson moving to the sidelines, holding on to cash in the event a pullback creates buying opportunities. Photographer: Calvin Sit/Bloomberg

Mellody Hobson, president of Ariel Investments and a Starbucks board member, has been a strong voice for increasing the number of women and minorities in boardrooms. Reflecting “the society we all live in,” she says, “increases your chances of success.”

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