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Starbucks's Mellody Hobson Says 'Civil Rights 3.0' Is Brewing

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Mellody Hobson has seen corporate pledges to increase workplace diversity come and go over the years. Starbucks Corp.'s new chairwoman believes this time is different. As co-CEO and president of minority-run, asset-management firm Ariel Investments LLC, Ms. Hobson is one of the country's most prominent Black investors. As of Wednesday, she will also be the only Black chairwoman of an S&P 500 company, when she assumes that role at Starbucks...

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