r/moderatepolitics • u/ShivasRightFoot • 27d ago

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

https://apnews.com/article/nasdaq-sec-dei-diversity-board-a3b8803a646a62aeb2733bbd4603e670
192 Upvotes

93% Upvoted

View all comments

204

u/DrunkCaptnMorgan12 I Don't Like Either Side 27d ago

These have to be the silliest rules or standards companies have ever tried to put in place. I don't know about anyone else but I don't care what race, gender, sexual orientation or about any of that stuff. Just hire the best person available. If it happens to be a woman, a transgender person, a minority or whatever, that has Jack Squat to do with anything if they are the most qualified, hire them. No body cares or at least I don't.

127

u/SpicyButterBoy Pragmatic Progressive 26d ago

I dont think DEI even matters here. A stock exchange trying to influence who sits on a companys board of directors is completely unreasonable. Doesnt matter the criteria they propose for their metrics IMO. 

38

u/GoodByeRubyTuesday87 26d ago

I think these DEI initiates in general are fading away, they came out in full force as a knee jerk reaction to the George Floyd protests but recently a lot of places have been rolling them back and I feel like that’s only going to accelerate under Trump

6

u/SpicyButterBoy Pragmatic Progressive 26d ago

I honestly just dont care one way or the other on DEI. It been to politicized so the nomenclature will be abandoned, but I expect many of the practices to remain in some other policy.

16

u/XzibitABC 26d ago

I see DEI the same way I see Affirmative Action: We're overcorrecting a real problem, but the overcorrection is a blunt enough instrument and the discourse around it is toxic enough that it's not really solving the problem, just leaving secondary harms.

I do think encouraging diversity without sacrificing merit is worthwhile, and huge companies whose entire leadership team is white dudes should get some stick for that, but formal initiatives prioritizing minorities is probably not the way to accomplish change. It's more a slow cultural shift.