hello mostly non-professional finance enthusiasts. just saw it on the inter-news that GS won't IPO any firm that doesn't have at least 1 diverse board member. link to fucken bloomberg article.
i'm not sure that this is a good move by dj d-sol, especially given his banks floundering performance since he took office (goldman sachs more like goldman sucks amirite haha). can't help but picture jamie dimon and james gorman popping significant boners (picture it) at the prospect of eating goldman's lunch. fuck, maybe even moynihan will be foaming at the mouth over this.
what do you guys think? is this some kind of under-the-hood pr magic that i'm too simple to understand? or is this just plain-jane fucken terrible business strategy?