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'WENT TOO FAR': BlackRock's Larry Fink makes MAJOR confession
Youtube· 2026-03-15 22:00
Group 1 - Black Rock is investing $100 million to train skilled trade workers to support infrastructure development in the U.S. [1] - The company believes that significant job growth will occur in construction and infrastructure projects, including energy resilience and data centers [1][2] - There is a recognized shortage of skilled workers to meet the demands of these jobs, which is seen as a critical issue for the U.S. economy [2] Group 2 - Black Rock's private infrastructure investments have grown to nearly $14 trillion, indicating a strong movement in this sector [5] - The company's recent initiatives are viewed as self-serving, but there is acknowledgment that charity is still valuable [6] - The discussion includes skepticism about the motivations of elites who previously overlooked skilled trades but are now investing in them [3][4] Group 3 - Black Rock's recent actions are contrasted with its past involvement in "woke activism," suggesting a shift in focus [8][9] - The company is managing money for a diverse client base, and there is a perception that it has shifted its stance on social issues over time [9][12] - Concerns are raised about the accountability of CEOs and their ability to navigate changing societal expectations while maintaining a stable business direction [15][18] Group 4 - Black Rock has limited withdrawals from its $26 billion private credit fund, with management capping repurchases at 5% despite shareholder requests for more [20] - The company's stock has underperformed, down 12% in the last month, while the S&P has only seen single-digit declines [20] - The $100 million donation to trade worker training represents less than 2% of Black Rock's net income from the previous year, raising questions about the adequacy of its charitable contributions [21][22]
‘Seems incredibly illegal’: How Trump’s DOGE may have put social security data at risk for Americans
MSNBC· 2026-03-15 13:56
further concerns about Donald Trump's now disbanded Department of Government efficiency and the unfettered access it was given to your Social Security data. The Washington Post reports, quote, the Social Security Administration's internal watchdog is investigating a complaint that alleges a former Doge employee claimed he had access to two highly sensitive agency databases and plan to share the information with his private employer. The Post adds, according to the complaint, he allegedly told the whistleblo ...
‘BAD FOR BUSINESS': BlackRock CEO's pivot comes after 'alienating' policies, says Joe Concha
Youtube· 2026-03-13 07:00
Core Viewpoint - The shift in Black Rock's approach towards diversity, equity, and inclusion (DEI) reflects a broader trend in corporate America, moving away from "woke" policies towards a more merit-based system, as companies reassess the impact of these policies on business performance [2][8]. Group 1: Changes in Corporate Policies - Black Rock's CEO, Larry Frink, previously emphasized the importance of DEI but now suggests that fostering such reforms was not the company's original intention, indicating a shift in corporate strategy [2][5]. - Many companies, including major players like Tractor Supply, John Deere, and Coca-Cola, have eliminated DEI policies, citing that these initiatives are not beneficial for business [7][8]. - The current sentiment among companies is that hiring should be based on merit rather than identity factors, leading to a decline in "woke" policies [8]. Group 2: Economic Predictions and Market Reactions - Frink's earlier predictions regarding the negative economic impact of tariffs have not materialized, as the market has adjusted without the anticipated inflation [10][13]. - The stock market has shown resilience, rising from approximately 36,000 to around 47,000-48,000, contrary to earlier fears of a recession similar to 2008 [12][13]. - The anticipated inflation due to tariffs has not occurred, leading to a reassessment of previous economic forecasts [11][13].
X @Nick Szabo
Nick Szabo· 2026-03-10 05:47
RT Casey Putsch for Ohio Governor (@CaseyPutschOhio)Casey Putsch - Save Ohio:- Facilitate MASS deportations- Data Center Moratoriums- Destroy Somali, Haitian, Uzbek fraud- Divest $265 Million from Israeli bonds- DOGE Ohio- Ban H1B use in Ohio- Restore right to repair- Completely end ongoing DEI- PROTECT OUR CULTUREVivek Ramaswamy - Sell Ohio:- Facilitate massive data centers- Continue ongoing DEI practices- Ignore massive fraud like DeWine- Continue “investing” in Israel- Continue H1B programs- Usher in sur ...
Nikole Hannah-Jones: Americans should be 'deeply concerned' about Trump's DEI crackdown
MSNBC· 2026-03-06 22:44
"Even if you are a critic of these things, any of us should feel deeply concerned when the federal government or state governments are saying, you can't use the term Black, you can't use the term race." Pulitzer Prize-winning journalist and creator of “The 1619 Project,” Nikole Hannah-Jones, joins Eugene Daniels and Symone Sanders Townsend on the latest episode of "Clock It with Symone and Eugene." She says the Trump administration's crackdown on DEI "is what you see under autocratic societies." Click the r ...
X @Nick Szabo
Nick Szabo· 2026-03-01 21:49
RT Casey Putsch for Ohio Governor (@CaseyPutschOhio)Casey Putsch - Save Ohio:- Facilitate MASS deportations- Data Center Moratoriums- Destroy Somali, Haitian, Uzbek fraud- Divest $265 Million from Israeli bonds- DOGE Ohio- Ban H1B use in Ohio- Restore right to repair- Completely end ongoing DEI- PROTECT OUR CULTUREVivek Ramaswamy - Sell Ohio:- Facilitate massive data centers- Continue ongoing DEI practices- Ignore massive fraud like DeWine- Continue “investing” in Israel- Continue H1B programs- Usher in sur ...
'MERITOCRACY IS BACK': Wall Street GIANT scraps DEI criteria for board picks
Youtube· 2026-02-22 20:00
Group 1 - Goldman Sachs is retracting its Diversity, Equity, and Inclusion (DEI) policies, signaling a shift back to a merit-based system for board qualifications [1][2][3] - The company previously implemented DEI tests for the boards of companies it financed, indicating a strong commitment to these policies [3] - There is skepticism about whether the abandonment of DEI criteria is genuine or if it will be replaced with similar initiatives under different names [4] Group 2 - The discussion highlights a broader trend among firms feeling empowered to move away from previously established DEI practices [4] - The emphasis on meritocracy raises questions about the long-term sustainability of this approach within corporate governance [1][2] - The sentiment reflects a desire for qualified individuals to lead businesses without the influence of gender or race considerations [1][2]
X @Nick Szabo
Nick Szabo· 2026-02-21 00:37
RT Jerry Dunleavy IV 🇺🇸 (@JerryDunleavy)NEW: The CIA is retracting *19* politicized intelligence products spanning the last decade or so, many of which improperly inserted DEI nonsense into intel analysis, including assessments on white women & violent extremism, LGBT issues, abortion, and more.https://t.co/u503DST81z ...
X @Nick Szabo
Nick Szabo· 2026-02-18 23:59
RT Sólionath (@Anarseldain)Harvard is choosing to obey SCOTUS rulings on a race-by-race basis. They take away the discriminatory measures against Asians; they keep the DEI measures in place for black and hispanic students. The foundation of modern leftism is and has always been a hatred of White people. ...
Apple drops ESG links from top executives’ pay packages
The Economic Times· 2026-02-18 18:43
Core Insights - Apple Inc. has removed the "ESG modifier" from its 2025 executive pay packages, which allowed for a bonus adjustment of up to 10% based on environmental performance metrics [1][11] - The percentage of S&P 500 companies linking executive compensation to environmental metrics has decreased to 46.7% in 2025 from a peak of 52.6% two years prior [1][11] - This trend reflects a broader retreat from environmental and diversity-linked pay metrics among major corporations [1][11] Executive Compensation Trends - The removal of the ESG modifier is part of a larger trend where companies like Starbucks, Salesforce, Mastercard, and Procter & Gamble have also weakened ties between environmental performance and executive pay [1][11] - Experts argue that linking pay to environmental performance is crucial as environmental risks can lead to significant financial challenges [6][7] - Political opposition and changing regulatory environments have contributed to companies distancing themselves from environmental performance metrics in executive compensation [7][8][11] Investor and Market Reactions - Investor pressure regarding environmental concerns has diminished, leading to a reduced focus on these issues by companies and their boards [8][11] - Some companies, like Xcel Energy, continue to maintain a strong link between executive pay and environmental goals, with greenhouse gas targets accounting for about 20% of executive compensation [9][11] - The decline in environmental metrics in executive pay plans indicates that many companies may not have fully integrated these goals into their core business strategies [8][11]