To Fight Discrimination, Discrimination

On race and sex, but also national origin.
Wall Street's biggest underwriter of initial public offerings in the U.S. will no longer take a company public in the U.S. and Europe if it lacks a director who is either female or diverse. Asia is not yet included in the firm’s new policy.
Soft bigotry of low expectations, that last.


aporitic said...

In other words: Goldman will pass up good investments in favor of woke investments.

That's fine for those people for whom an investment is a virtue signal.

But, if I'm investing for returns, why would I give Goldman the time of day?

E Hines said...

Even if I'm investing for social justice, I have to invest for returns first in order to maximize the money I have available for social justice matters. Goldman, et al., simply make no sense on this.

But, then, that's social justice in a nutshell.

Eric Hines

Ymar Sakar said...

Independent trader. We do not use goldman funds or firm funds.