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/DrunkCaptnMorgan12 I Don't Like Either Side 26d 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.

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u/SpicyButterBoy Pragmatic Progressive 25d 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. 

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u/Kharnsjockstrap 20d ago

Been thinking this for a while but we’re reaching a point where the customer isn’t even the target person for companies any more. Angel investors and hedge funds are. 

A company that makes tires literally doesn’t give a single fuck about making good tires. They care about attracting outside investment and raising stock price. If selling tires is entirely irrelevant to making that number go up and all major investors care about is the amount of mobility disabled Missourians that are making tires then you’re going to get a shit load of mobility disabled Missourians making shitty ass tires. 

Wealth inequality is so bad the mass consumer actually doesn’t even matter any more and the only person that does is the out of touch billionaire. It’s kind of like idiocracy but inverted lol.