Meta & Amazon dropping DEI...
Do we see same direction following in Finance world?
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About time, tired of DEI ruining talent in the workplace
A lot woke of effs at Canadian banks will cry a river if that happens
del
All of them have been forced out of net zero charter. Need GS to lead the way above gender / racial diversity quotas. Within a week, all of their BBs and EBs will follow suit.
Tim Cook is the CEO of a company with $3.6 trillion in market cap. Dude literally offered a portion of his liver to Steve Jobs. What have you done with your life? You’re a IB VP who has time to troll on WSO? Clearly no Director promo coming your way…
Huge difference between being anti DEI because you value meritocracy (which btw is how Cook got to where he is) vs throwing slurs around just cuz some dude (that doesn’t even know that you exist) likes dudes
Keep crying. He is entitled to an opinion just like you. Keep your woke sh*t at home
Biggest DEI torchbearer is BlackRock. They need to be fixed politically as they use activism to force many companies into DEI crap
Good point. And interesting recent ruling in that world. A federal judge just ruled that investing in ESG funds violates ERISA, i.e. paying a higher fee for an ESG fund is a failure to act in the best interest of the retiree. Not sure yet of the long term impact since other judges may disagree, could end up in Supreme Court for all I know. But would be a major blow to ESG and have some spillover to DEI probably.
Def could possibly see some change. However would be cautious of thinking this is long term win - these guys are just following the political winds of the time. Meritocracy all the way but I personally find it far scarier that CEOs of the companies that dictate so much of our lives didn’t have a backbone to stand up for what they believed in (whether they were anti DEI, but capitulated under Dem President, or are pro DEI and are now capitulating under Trump presidency).
Agreed - these as*holes just care about collecting their cushy bonuses. They need to be fixed for their support of DEI. We can’t forget the injustice hardworking non-nepo men (white, Asian, and brown) faced due to their DEI discrimination.
Need to be “fixed”? What does that even mean. Calm down it’s DEI not an assassination
In 2020-2022, being "woke" was big business. In 2024-2026, being "anti-woke" will be big business. In other words, don't trust those who were "woke" in 2020-2022 and are “anti-woke" now .
Finance should follow. It’s a shame they’ve let institutional racism continue, and have even bragged about it, for all these years.
I find it funny that everyone shits on DEI hires, but says nothing about the nepo hires. If you want work to be a meritocracy, shouldn't all advantages be removed? This year we had one DEI intern and two nepo interns. Why is it bad that a minority got an opportunity, but not bad the two white people did?
Anyone with any rational mind, hates both.
I guess a lot of people here aren't, as the biggest DEI haters are most likely nepo hires (sometimes without realising). Their issue isn't "handouts" but the fact that they're no longer the sole beneficiary of a slightly easier recruiting process.
Once DEI is curtailed, there will be those who are ethnic minorities / LGBT / any other DEI metric who still get the top jobs based on merit and half of these complainers will look for another excuse to justify the "unfairness" going on.
I'm fine stopping both and don't see anyone at all defending nepotism hires. However criticizing DEI in 2016ish-2021 got people fired from jobs - so no tears from me on its demise and humiliation
So 10% seats are for nepos, 50% for DEI Beckies, while 80% of talent pool fights for 40% seats.
LETS GO!!!!
I truly cannot fathom how this went out of style and how they alienated anyone sympathetic!!! How did this possibly happen?!?!
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