Bloomberg Reports Companies’ DEI Policies Backfire

Bloomberg reports that companies are increasingly undoing their DEI policies after facing backlash for reverse discrimination and indoctrination.

Affirmative action has increasingly seen as inherently discriminatory against identity groups that are left out of the equation.

Disney’s attempts to normalise LGBTQ ideology among children is also increasingly seen as indoctrination.

Now, after the US Supreme Court rejected affirmative action at the nation’s colleges, the legal assault on corporate diversity initiatives is gathering steam. The right has villainized DEI from Disney World to Harvard University as an engine of left-wing indoctrination and the banks don’t want to become a target for lawsuits claiming reverse discrimination.

The pushback inside the industry is real, according to Barry, the former Merrill executive, who now leads DEI advisory firm Seramount. She’s had White women ask her what opportunities their sons will have if Wall Street focuses solely on promoting underrepresented groups.

“Are they doing it publicly? Vocally? Of course not,” Barry said. “But they’re doing it. And when they do it, you have to listen.”

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Bloomberg Reports Companies’ DEI Policies Backfire

Bloomberg reports that companies are increasingly undoing their DEI policies after facing backlash for reverse discrimination and indoctrination. Affirmative action has increasingly seen as inherently discriminatory against identity groups that are left out of the equation.
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DEI is Going Sideways

Diversity, Equity and Inclusion (DEI) has taken a wrong turn, with far reaching consequences.

Global Activist Pressure to Favour Certain Affinity Groups

Powerful activist groups and international organisations show partiality to certain identities and political viewpoints and demand companies to enforce political views in the workplace.

Foreign Governments Intervening in Local Affairs

Foreign governments may pressure their companies to adopt controversial DEI policies that undermine the host country’s cultural values.

Pressure to Conform to Homogenous Values

DEI efforts may create an expectation of uniformity in values, potentially marginalising individuals with differing beliefs. Instead of promoting viewpoint diversity, DEI might impose homogenous values upon employees.

Discrimination against Companies with Different Values by Harming Investability

Rating agencies conflate sustainability with other political causes when evaluating company ESG scores. Companies that do not adopt politically controversial ideologies might suffer in their sustainability ratings.

Contradictory Policies Marginalise the People DEI Originally Intended to Support

When DEI becomes conflated with controversial politics, the result backfires and erases years of progress. True inclusion must recognise definitions of identity groups to protect justice and fairness.

Misplaced Diversity Policies Harms Service Quality, Safety & Justice

When DEI policies supersede the competencies needed in the hiring process, not only does this look patronising, it compromises the work quality of critical services.

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