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The Latino Brand is Everything Sol Trujillo for the Latino Leaders Magazine Luncheon 101 Most Influential Latino Leaders “Breaking Through Frontiers”

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Presentation on theme: "The Latino Brand is Everything Sol Trujillo for the Latino Leaders Magazine Luncheon 101 Most Influential Latino Leaders “Breaking Through Frontiers”"— Presentation transcript:

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2 The Latino Brand is Everything Sol Trujillo for the Latino Leaders Magazine Luncheon 101 Most Influential Latino Leaders “Breaking Through Frontiers” The Willard Intercontinental Washington, D.C. October 29, 2014

3 The Rising Importance of America’s Large, Growing, Youthful, Affluent & Dispersed Latino Population

4 Hispanic Buying Power growing at the rate of $90 B per year... Projected Rapid Population Growth Younger Hispanics Now Entering Workforce High Level of Entrepreneurial Activity Strong Work Ethic Increasing Educational Attainment Growing Per Capita Wealth What Drives Hispanic Buying Power? ($ in billions) Source: Selig Center for Economic Growth, 2010 Hispanics Lead New American Mainstream

5 The Real Dropout Rate for Latinos Hispanic dropout rate has plummeted over the last 15 years… It is often quoted that 50% of Latinos drop out of high school but that figure is wildly overstated – and the trend has been improving dramatically Source: U.S. Department of Commerce, U.S. Census Bureau, Current Population Survey (CPS), October 1967 through 2012, prepared May 2013

6 49% 45% Hispanic College Enrollment Passes Whites 80.0% 70.0% 66.1% 60.0% 50.0% 40.0% 30.0% …and college enrollment has skyrocketed since % 10.0% 0.0% White, N-HBlackAsianHispanic Source: U.S. Census Bureau, Current Population Survey, 1967 to Data for the “Asian” category shown prior to 2003 consists of those identifying themselves as “Asian or Pacific Islanders” Hispanic college enrollment has doubled since 2006 and grown more than 1.5x the rate of Hispanic population growth 35.8%

7 US Hispanic Purchasing Power (IMF, 2013) China ($13.3 Trillion ) United States ($16.8 Trillion) Brazil ($2.4 T) India ($5.0 T) Russia ($2.5 T) US Hispanic ($1.7 T)

8 US Hispanic Growth Rate Beats BRICs The US Hispanic population is growing faster than all the BRIC countries combined

9 GDP Per Capita: OECD, BRIC & Hispanics GDP per capita as of 2010 (est.) Source: World Bank, U.S. Census, Selig Center for Economic Growth and LDC Calculations OECD Average: $34,673 BRIC Average: $3,927 Hispanic Average: $27,162

10 % Growing Wealth is a Magnet Projected Growth by Age Group ( )Change in Spending at each Age & Stage of Life 31% Peak Spending 23% 15 14% 11% 9% 5% 3% 2% (1%) Family (8%) (9%) Young Young Family College Empty Kids Nesters Retired Single Married HispanicNon-Hispanic Source: Harry S. Dent, Jr., author of The Great Crash Ahead and editor of Boom & Bust and U.S. Census Bureau, Projections of the National Population, 2012

11 Hispanics Define the New Rich Household Growth by Ethnicity ( ) Source: U.S. Census Bureau ($35,000 - $74,999) ($75,000 - $149,999) ($150,000 and higher)

12 Hispanics are the Future Workforce Source: U.S. Bureau of Labor Statistics, Employment Projections, (in millions) (9%) (12%) (19%) Projected (15%) 36% of new workers 54% of new workers 74% of new workers

13 Still, Challenges Persist Especially in the Leadership Pipeline

14 1.5% Fortune % Fortune 1000 Source: Hispanic Association on Corporate Responsibility 2007 Corporate Governance Study; U.S. News & World Report; Alliance for Board Diversity Report, July % Fortune 100 board seats are held by Hispanics 3.7% Fortune 100 board seats are held by Hispanics 3.0% Fortune % Fortune 500

15 MetricExampleValue (2012)Current Value Banking Chairman or CEO, Top 10 banks by assets N/A 00 Academic Institutions President, top 50 undergraduate institutions N/A 1 chancellor University of Texas 0 Hollywood Studios Chief / Head top 10 studios by box office revenue N/A none Top Foundations President and Trustees, top 10 foundations by assets N/A 1 president Ford Foundation 5% trustees 0 5% trustees Silicon Valley Chairman or CEO, Top 10 tech companies by revenue N/A 00 Fortune 100 CEO of Fortune 100 companies George Paz (Express Scripts) 1 CEO Source: Federal Reserve, U.S. News and World Report, School websites, Box Office Mojo, Studio websites, The Foundation Center, various Foundation websites, Fortune and The Wall Street Journal Progress is Slow Despite Room at the Top

16 Myths About Latinos Widespread in the Media 1.Latinos are taking our jobs. 2.Unauthorized workers are a burden on society. 3.Unauthorized workers don’t pay taxes. 4.Latinos are "different" from "regular Americans." 5.Latino immigrants don't want to learn or speak English. 6.Latinos succeed in sports and entertainment, but not as entrepreneurs or in business and professional services. 15

17 Exposure Occurs in Entertainment and Ads Source: Market sizing assumptions based primarily on Nielsen ratings, assuming a three-hour primetime period from Monday – Thursday and approximately 12 viewer impressions per hour. Movies data based on MPAA “Theatrical Statistics for 2011”, U.S./Canada admissions. Network nightly news is assumed to occur for one half-hour on ABC, CBS and NBC only. Millions of Weekly Viewer Impressions Avg. Viewers10,000,0007,500,0001,500,000200,000

18 Younger generations are far more likely to believe that undocumented workers become tax paying citizens in the long-run. This difference underscores the change in attitudes towards Latinos over the course of the last 3 generations. Baby Boomers Generation X Millennials Undocument ed immigrants in the long- run become productive citizens and pay their fair share of taxes Undocumente d immigrants cost the taxpayers too much by using government services like public education and medical services Don’t Know

19 Familiarity Breeds Respect Having just a few Latino acquaintances reduces the power of negative attributes Having just a few Latino acquaintances more than doubles the likelihood of disagreeing with the most damaging assertions about Latinos Disagreement with Negative Attributes Showing those who “strongly disagree” with top negative attributes about Latinos,

20 Undocumented Latinos Number Under 20%. But more than one-third of Americans believe, incorrectly, that the number exceeds 40% Only 1 in 5 knows the correct percentage of Latinos who are here illegally.

21 Conclusion 1.The Brand is Everything. 2.The Latino Brand Has Been Tarnished While Latino Brand Assets Soar. 3.Latinos Must Reframe and Reposition Their Brand. 4.Latinos Must Control Their Brand.

22 Thank You Sol Trujillo


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