r/moderatepolitics • u/ShivasRightFoot • 26d ago

US appeals court rejects Nasdaq's diversity rules for company boards Culture War

https://apnews.com/article/nasdaq-sec-dei-diversity-board-a3b8803a646a62aeb2733bbd4603e670
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u/Ensemble_InABox 26d ago

It's great that this is coming to light very publicly. It's fairly well known that Blackrock does this informally and mostly quietly to companies they own major stakes in. Essentially the exact same policy, they pressure companies financially to remove existing board members to ensure that they have at least one non-white, non-asian board member, and as far as I have seen, an LGBTQ person suffices.

As an aside, I've always found LGBTQ DEI just straight-up bizarre. How do they even verify someone's sexuality? It's comical.

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u/Nissan_Altima_69 25d ago

Some job applications ask you your sexuality lol, its like "none of your fucking business". Its a different situation and they do it to avoid law suits, but its just so bizarre we've found ourselves here lol

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u/Ensemble_InABox 25d ago

Most tech companies do that, it's insufferable. My old co would also survey employees on their sexuality and gender identity, I learned from a friend in HR that almost 80% of the company responded: "prefer not to disclose".

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u/Nissan_Altima_69 25d ago

Seriously, how fucking weird is that? I mean, talking with co workers about your spouse or someone your dating is normal, but this shit is just getting creepy. I'd rather the law say they arent allowed to ask this at all