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For Black CEOs in Silicon Valley, humiliation is a part of doing business

Will Hayes has grown accustomed to an awkward start to business meetings. On numerous occasions, venture capitalists would confuse Hayes, the head of software company Lucidworks Inc, with another man on his executive team. The investor would introduce himself, extend a handshake to the other guy and say, “Good to meet you, Will.” It’s strange because they don’t look alike. Also, Hayes is Black, and his deputy is white.

Corporate News

Europe’s steelmakers rip into revamp of import controls

BRUSSELS: The European Union (EU) steel industry lashed out at the EU’s trade authority for failing to slash import quotas in a planned revamp of them, saying producers in the bloc risk going bust.