Air Date

June 23, 2021

Featured Guest

Roger C. Hochschild
President and CEO, Discover Financial Services


Suzanne P. Clark
President and CEO, U.S. Chamber of Commerce


Diversity, equity and inclusion are priorities for businesses across the nation. Discover Financial Services leads the space in DE&I; acting as a “best in class” case study for other companies passionate about building a diverse workforce, equity in pay and career advancement opportunities and inclusion in the workplace to the community at large.

Discover’s Concrete Examples of Vision and Commitment That Turned to Action

Roger C. Hochschild, president and CEO of Discover Financial Services, noted that DE&I is not only the right thing to do, but it is also better for business, as diverse teams tend to make more effective business decisions.

“We've ensured there's pay equity for women and minorities,” Hochschild said. “We signed a pledge with a group called the Chicago Network to increase representation of women at all levels of the company to 50% and to increase the number of Black and Latinx managers, and we're proud that we've had a perfect score on the corporate equality index for the last eight years.”

Additionally, Hochschild continued, Discover aligns their charitable giving with their DE&I efforts.

Bringing Opportunities to Underserved Communities

When Hochschild and Discover were looking to develop a new customer care center with nearly 1,000 new full-time jobs, they looked to invest in a part of their hometown that needed the Chatham project.

“We decided that we would do our part to break that cycle and open a new customer care center in an economically challenged area right here in our hometown of Chicago,” he said. “We were guided by Chicago mayor, Lori Lightfoot … [to] Chatham. It's got a strong sense of community, dedicated businesses and people committed to economic revitalization.”

The Chatham Project’s Positive Effects on Discover and Chicago

“The first thing is just the business value and the quality of the people we're hiring,” Hochschild said. “We expected to find great talent in Chatham that just needed an opportunity, and it's been even better than we expected.”

Existing employees of Discover share Hochschild’s excitement.

“It's a tremendous source of pride for all of our employees, and we've had countless volunteers from every part of the company all across the country volunteering to fly in to work as coaches and trainers because they so much want to be a part of this effort,” he said.