Alternate headline: Robby Starbuck Really Gets Around.
In this case, though, we may have reached the cultural tipping point on DEI. Last week, we learned that the politically well-connected Goldman Sachs had decided to abandon ship on the Left’s attempt to force quotas onto corporate America. Yesterday, the Wall Street Journal reports that the entire banking industry will soon follow suit:
Morgan Stanley, JPMorgan Chase and Citigroup are removing or watering down public language around efforts to promote or support diversity, equity and inclusion, or DEI, according to people familiar with the matter. Wells Fargo and Bank of America have also started to pore over their language, some of the people said.
The moves mark the beginning of a pullback from Wall Street’s push into DEI, according to bank executives and lawyers, which came after the 2020 protests…
