Stop with the Diversity Madness!

Enough with the mindless chats of diversity and inclusion. The efforts have always been jokes with a handful of success stories every few decades. Who thought that in 2020, one would be reading about W. Cornwell on Bloomberg, and find him, a black HBS man who joined GS in the 1970s complaining that things haven’t improved much since his days, and most shockingly, have probably gotten worse?

Those Bright Black Boys who joined the street in the late 70s and 80s—left, and alas, their future offshoots joining the street today were left without senior mentors who look like them. It’s no wonder, that after a few years, they quietly leave demoralized; and the handful that stick around find themselves lonely at the heights (if they make it that far).

Once you’re in, the secret to success (and it’s not really a secret), has always been to have some big shot above you watching your Six and paving your Twelve—and perhaps a wingman or two for support. If you don’t, which the Bloomberg article revealed—you shouldn’t expect a long career, where personal connections can slowly make or break you.

It’s no surprise that Cornwell’s bosses refused to send him to Texas, Georgia or anywhere in the South because those Fortune 500 cats had never met a black banker in their life (let alone a black person besides Aunt Jemima’s reincarnation), and when they did, they would certainly never trust one with their money!

That’s why diversity programs are bullshit because recruiting bright black boys (and other bright URMs) isn’t enough if these bright kids don’t stick around long enough to mentor others who look like them. They go into the street and realize there are so few like them, and say “fuck that!”, and leave.

https://www.bloomberg.com/news/articles/2020-08-0…

15 Comments
 
Most Helpful
"Analyst 1 in IB-M&A" Another one of these threads. Here come the asian males and low income white males. Bring on the MS

I mean seriously. There are probably, realistically, a handful of URM at the small crop of colleges like Harvard that these people choose to focus on. Of the hundreds or thousands of students, there's a strong hardon for that small collection of black people. It goes to show just how strong racism is in America. The American culture is toxic at its core.

Real problems that can be fixed are ignored. And when a post is opposed to diversity, the response in terms of SB/MS feedback is always great, vs negative when in support of. Realistically speaking, this is symptomatic of a long tradition in this country. When slavery ended, lynchings skyrocketed, not the other way around.

 

Why are you guys so obsessed with this topic lmao. Seems like 1 out of every 10 posts nowadays is about diversity hires whether it be in a good or, most often, a bag light. You seem to not pose a solution. Anyways, if you're going to get mad at anyone get mad at banks for not providing proper resources to ensure retention. If colleges can seem to do it, banks shouldn't be any different...

 

here’s a challenge: every time one of you get the urge to write another overdone and unasked for diversity Medium article— get some ass instead. If the topic is still SO heavy on your heart after the fact, then by all means post away.

But but but...liquidiot, what if I can’t get laid? Well friend, there’s your first problem...One that you can actually fix yourself.

In short, please get a life. The rest of WSO is begging.

 

Was hard to tell if the final note was “stop with the talk about diversity bc clearly it’s not working (URMs aren’t sticking around bc they have zero institutional support) so discontinue them” or if it was “stop talking about diversity because it’s so fake and not really supporting the professional development of URMs, so let’s do something meaningful” etc. didn’t read the article bc as you know— tired of the topic lol.

But considering it’s the latter, i agree. As it stands now sits a bandaid to a gaping wound, we gotta use the bandaid for now but the wound needs to be tended to as well. Am I reading that correctly?

 

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