RIP DEI - Jan 20, 2025

Beckies (especially white) - polish your resumes and get in line at the Starbucks next door. Even in woke Canada, Papa JT won’t be able to save you. 
 

https://www.reuters.com/world/us/trump-sign-order…

https://www.wallstreetoasis.com/forum/off-topic/d…

28 Comments
 

As a black man, I want to ask (if people are willing to be truthful):

Do you folks that hate DEI hate it for its positive impact on black folks? I'm guessing this is NOT the case but wanted to ascertain this. This comes from a geniune place of trying to be open minded to see where DEI hate comes from considering I'm a direct product of DEI, by being granted an opportuinity to succeed in a role in which I normally wouldn't be afforded the opportunity. 

DEI not only changed the trajectory of my career, but also my family's life. 

 

Issue for the large part is not racial DEI; only racists hate it. Factually, culprit is Gender DEI where almost 50% of seats are reserved for women in promotions / recruitment whereas they comprise of ~20% of the talent pool. However, disingenuous banks, lump all sorts of DEI initiatives together in annual reports to seek validation from govt / institutional investors and don’t highlight that main beneficiaries of such initiatives are women instead of black / hispanics. However, if you boil it down to numbers, the only diversity banks care about is hiring / promoting women, especially white. Blacks / Hispanics are just punching bags for incompetent racists who couldn’t get in but don’t want to hate their own kind aka white women.  

 

It’s likely a genuine mix of people;

a) wanting a pure meritocracy (so no separate processes for DEI qualifying candidates) and recruiting quotas as these are inherently unfair 

I count myself here 

b) racists

probably the comment that was deleted 

 

The issue may be woman vs racial but I know people who would rather prefer a pure meritocracy. For me the issue is the blind uptiering of some groups over others. More fair is probably something like questbridge for college where they take into account your familial income, the academic level of your school, and have diversity done like that instead of rich minorities filling up DEI spots

 
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DEI has been going on forever. Minorities have had preferential hiring treatment for 20 years now. It just hit the accelerator in the last 10+. Thank god it’s reversing.

As someone who has had to hire woefully unqualified people due to these policies, I’m quite anti-DEI. I’ve also heard horror stories from friends who played along, hired an unqualified person due to DEI initiatives. Then of course the hire had to be fired, claimed XYZ-ism and weaponized their minority status, dragged their bosses etc. nightmare.

If I was a qualified minority I’d be pissed because the DEI quotas just label you as such.

Life is more than dollars
 

Yeah, and it would have been game-changing for some poor Vietnamese kid in Baltimore or poor white kid from the Appalachians too, that's who you stepped on 

DEI is complete BS, the only metric that should matter beyond pure merit-based recruiting is class-based (i.e. income) support vs. racist race-based support

 

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