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.
To Fight Discrimination, Discrimination
On race and sex, but also national origin.
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3 comments:
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?
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
Independent trader. We do not use goldman funds or firm funds.
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