Say, remember when people kept telling conservatives that the culture war had already been lost? Good times, good times.
In yet another advance for equality over “equity,” another corporate giant has hit reverse on so-called “Diversity Equity Inclusion” policies. Goldman Sachs, perhaps one of the most politically connected firms in the US, told Bloomberg News that it would abandon its previous policy demanding “board diversity” for initial public offerings (IPOs):
Goldman Sachs Group Inc. is abandoning a significant pledge it made to refuse initial public offering business with companies that had all White, male boards.
Wall Street’s leading investment bank had a policy that it would only take a company public in the US or Western Europe if it included two diverse board members, one of whom must be a woman. The rule had initially been put in place in 2020…
