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re: How will the next generation handle increased DEI focus in hiring and enrollment?
Posted on 4/23/24 at 10:13 am to CatfishJohn
Posted on 4/23/24 at 10:13 am to CatfishJohn
quote:
End of the day, it's about money and prioritizing DEI over skill/experience will cost companies money.
The left finding a way to separate access to capital from fiduciary duty might be their biggest win to date. Major corporations are being essentially held hostage by institutional lenders who won't provide access to capital unless they meet certain DEI metrics.
2
Posted on 4/23/24 at 10:15 am to VADawg
quote:
The left finding a way to separate access to capital from fiduciary duty might be their biggest win to date. Major corporations are being essentially held hostage by institutional lenders who won't provide access to capital unless they meet certain DEI metrics.
I'm no expert on this piece, and while that is a scary precedent, it has always been my understanding that those DEI thresholds are extremely low.
That is not good they exist though, I agree.
Posted on 4/23/24 at 10:18 am to VADawg
quote:
The left finding a way to separate access to capital from fiduciary duty might be their biggest win to date. Major corporations are being essentially held hostage by institutional lenders who won't provide access to capital unless they meet certain DEI metrics.
Blows my mind that this actually happens without being challenged in court.
As far as investment; I've seen some push back against hedge funds that have social or DEI priorities. States like Tennessee, Louisiana, and Texas are required by law to invest their state pensions into funds that maximize value and they've had to shift their investments recently because of it.
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