Diversity, equity and inclusion has been dying a slow death since Donald Trump assumed the presidency. It’s a philosophy that was aimed at evening the playing field for people of all races, genders and sexual persuasions, but instead it merely divided people and encouraged institutionalized racism, division, and putting someone’s characteristics over their actual merit for jobs and promotions.
Now two financial giants, BlackRock and Bank of America, are moving away from DEI even after BlackRock’s CEO Larry Fink made the ludicrous statement in 2021 that “we must embed DEI into everything we do.” A very strange priority, since his firm is supposed to effectively manage capital for people, pension plans and companies, not wage social justice campaigns.
But BlackRock, the investment company that manages over $11.5 trillion, has now cut some key…
