The New York Times published an interesting article in the Business Section today which describes an ad industry initiative designed to address the lack of diversity at the top in advertising agencies and media companies.

Noting that the August 2011 Bureau of Labor Statistics reported that only 9.6% of advertising and promotion managers were Hispanic, only 2.3% were Asian, and only 1% were African-Americans, the Times reported that the Advertising Club of New York is spending $700,000 to undertake an initiative called “I’mpart,” which will promote diversity by funding various school and industry programs designed to “get talent into the pipeline” and into the senior ranks.