Court Deals Blow To Major Stock Exchange’s Efforts At Pushing Diversity Rules On Companies
A Louisiana appeals court on Wednesday rejected Nasdaq’s proposed rules aimed at increasing diversity on corporate boards. 5th U.S. Circuit Court of Appeals in New Orleans dominated Nasdaq says it cannot implement a proposed diversity policy that would require companies listed on the stock exchange to explain why they lack minority and female directors on […]
Judge Vetoes Boeing Guilty Plea Over Diversity Terms
A federal judge in Texas on Thursday reversed a plea agreement between Boeing and the Department of Justice in connection with two 737 MAX crashes, saying the agreement improperly imposed diversity considerations in selecting compliance monitors. The court ruled that it was. U.S. District Judge Reed O’Connor ruled that the Justice Department’s agreement with Boeing […]
EXCLUSIVE: Investment Advisors Warn Top Corporations Diversity Initiatives Are ‘Now A Liability’ Under Trump Admin
Dozens of investment advisers warned on Friday that the largest U.S. companies’ diversity programs will become a liability under the incoming Trump administration. In the Nov. 5 election, Americans “overwhelmingly rejected the ideological takeover of political and civic life by parochial identity politics,” the coalition of 38 treasurers said in a letter, saying the new […]
Biden-Harris Admin Focused On Diversity At The VA As Veterans Faced Massive Claims Backlog
With hundreds of thousands of veterans remaining on waiting lists for benefits under the Biden-Harris administration, the Department of Veterans Affairs (VA) has expanded its diversity, equity, and inclusion (DEI) efforts. The Department of Veterans Affairs has taken at least a dozen actions aimed at strengthening DEI efforts during the Biden-Harris administration. According to Added […]
After Dumping Cash Into Migrants, Diversity, FEMA Failed To Answer Nearly Half Of Calls From Hurricane Survivors
The Federal Emergency Management Agency (FEMA), which spends hundreds of millions of dollars on immigration services and “equity” programs and is under-resourced, responds to about half of the calls from survivors of Hurricanes Milton and Helen. I couldn’t. Between October 14th and October 20th, days after Milton hit Florida on October 9th, FEMA received 900,000 […]
Problem-Riddled Boeing Axes Entire Diversity Division
Bloomberg reported on Thursday that major airline manufacturer Boeing has closed its Global Diversity, Equity and Inclusion (DEI) initiative amid huge financial losses, union strikes and scrutiny over safety and production issues. ) The department was disbanded. The reorganization, which relocates DEI staff to Boeing’s Employee Experience division, reflects CEO Kelly Ortberg’s focus on consolidating […]
Org That Reps Thousands Of Academics In US Defends Diversity Statements For ‘Academic Freedom’
In an October report, the American Association of University Professors (AAUP) found that the use of diversity, equity, and inclusion (DEI) standards, such as diversity statements, in hiring and promoting staff is an important part of “academic freedom.” claimed to be an element. AAUP’s Committee on Academic Freedom and Tenure A views DEI standards positively […]
Slew Of State AGs Demand Answers From Stock Exchange Over Its ‘Zealous Desire’ To Push Diversity Quotas
A coalition of 22 state attorneys general sent a letter to the Nasdaq stock exchange on Thursday demanding a response to the exchange’s “zeal” to impose diversity quotas on companies listed on the exchange. I asked for it. Nasdaq proposes regulations in 2020 stipulate Companies have at least two “diverse” directors, including at least one […]
Major Beer Company Becomes Latest To Scrap Diversity Policies
Molson Coors said Tuesday it was rolling back some of its diversity, equity and inclusion (DEI) policies, joining other major U.S. companies that rolled back similar practices this summer. The company will also end its participation in the Human Rights Campaign's Corporate Equality Index and halt its “supplier diversity” efforts, according to a memo obtained […]
Major Automaker Becomes Latest Company To Walk Back Diversity Policies
Ford Motors said Wednesday it was rolling back some of its diversity, equity and inclusion (DEI) policies, becoming the latest in a long line of U.S. companies to roll back similar measures. Ford has vowed to stop participating in the Human Rights Campaign's “outside cultural investigation.” [HRC] Corporate Equality Index has pledged not to “employ […]