Fred Terrell

Fred grew up in working-class California neighborhoods as one of few Black families. His parents, despite limited education, were generous community pillars. Fred became Student Body President and worked in city government, sparking an interest in public affairs. He moved to Los Angeles, where prominent Black friends showed him the city and local Black community.

Early in his career, he was urged to gain broader experience on the East Coast. At Yale he specialized in Investment Banking. Thereafter, Fred built a successful finance career on Wall Street and as a company founder. Several well-known corporate leaders noted Fred’s leadership abilities, intellectual curiosity, prowess managing large groups, and potential board acumen. They recruited him to join major company boards. On those boards, Fred listened first to understand dynamics before speaking up. He earned respect solving critical problems that benefited shareholders and the larger community. Over time and often behind the scenes, he advocated for diversity, equality and fairness.

Fred believes board diversity fundamentally serves fairness and society, though it often also benefits business performance. He worries current attacks on diversity initiatives may stall or reverse Black board representation growth. Regardless, Fred is optimistic enough companies value diverse boards that Black and minority participation will continue rising.

Boards should prioritize diverse recruiting without necessarily expanding board size or mandating demographic targets. Aspiring Black Directors should prove themselves through effective participation at all governance levels, then thoughtfully advocate for people of color and community. Fred cherishes the privilege to positively impact major enterprises and share those experiences.

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