David Solomon, the CEO of Goldman Sachs Group, Inc., suggested last week at the World Economic Forum in Davos that, from July onward, the company “won’t manage the initial public offerings of American and European companies unless they have at least one non-white or non-straight male board candidate.” In 2021, he says the company will “move toward … requesting two.”
“[W]e’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women,” Solomon boldly said.
This is a “vision,” according to Eliza Martinuzzi at Bloomberg, “for his bank’s role in imposing better governance on its clients.”
That’s a curious framing of what is clearly a racist and sexist new investment banking policy, which (for good measure, and to score added points with the wokescolds, I suppose) also openly discriminates against heterosexuals. What Martinuzzi means when she says Goldman Sachs will be “imposing better governance” on its clients is that the investment banking firm will be demanding that its business partners snap to form in embracing diversity as a corporate sacrament.
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