Companies CANCEL executive PAY tied to DEI (diversity, equity and inclusion)!

Starbucks Corp. shareholders approved a plan to drop a bonus tied to DEI goals for its executives and replace it with a more general workforce target while also shifting more compensation to financial performance.

The corporate-speak about diversity is getting an update.
On the way out: Phrases like “anti-racist,” “unconscious bias” and “mandatory allyship.”

On the way in: Softer, vaguer terms designed to avoid controversy — or, as often as not, no terms at all.

Take Uber Technologies Inc. Not long ago, the ride-share giant said it wasn’t enough for the company to be not racist. In the wake of George Floyd’s murder in 2020, Uber promised to be anti-racist — a squishy term encompassing efforts to counter systemic racial prejudice.

Now, “anti-racist” has been struck from its latest corporate filings. Similar edits are getting penciled in at a wide range of companies as businesses big and small grapple with the conservative backlash against diversity initiatives.

The changes might seem cosmetic. But taken together, they point to the new reality around diversity, equity and inclusion, or DEI.
Companies are under increased scrutiny after the US Supreme Court struck down affirmative action in university admissions in June, raising concerns that future rulings might curb corporate diversity efforts. At the same time, the decision has emboldened conservative groups to file lawsuits and target dozens of companies — from BlackRock Inc. to Macy’s Inc. — over initiatives to hire underrepresented workers. Billionaires including Bill Ackman and Elon Musk have seized on the debate, launching their own public campaigns against DEI.

“Companies are being responsive and sensitive to changing political environments on DEI initiatives because the pushback has led to lawsuits,” said Tom C.W. Lin, a professor at Temple University’s Beasley School of Law. “They are aware of the litigation surrounding these issues.”
Uber and Citigroup Inc., which had previously touted “anti-racist practices” in its lending business, both dropped the phrase from regulatory filings in February.

A spokesperson for Uber said that its filing talks about how the company strives to “fight racism,” and declined to comment further. Citigroup’s 10-K “does not reflect any change in our commitment to financial inclusion or to diversity, equity and inclusion,” a spokesperson said in a statement.
The revisions were among more than a dozen diversity-related edits in annual filings at large US companies this year as opponents of corporate DEI programs ramp up their search for evidence of bias in corporate hiring policies.

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#hollywood #dei #woke

[georgeawestjr.]

The last time I checked, DEI is discriminatory. Period. 👌

[Charliesmommy]

DEI = Division, Exclusion, and Intimidation

[annetteringo]

I'm still trying to figure out how me in my black, female, and Mississippi self is marginalized...I'm cool and never wait for handouts but work for everything.., the way I was taught by my black mom, dad, aunts, and uncles. 😮

[JumpingJack]

We need to absolute begin class action suits all the way through to Blackrock and Vanguard. Check your 401Ks, your IRA's, your Roth's, 529's, all your investment accounts.... move money out of Blackrock and Vanguard if you find it there.

[johnnyfatsacks]

They admit they will still continue the programs, they just won't mention those things to avoid legal issues.

[chrisstott]

As you mention, the words are being changed, but not the policies. All we can hope for is that the hiring-incentive changes will start working in those few HR departments which aren't already controlled by 'the faithful'.

[-Seya-]

DEI and ESG is being rebranded as BRIDGE.
Its changing the name.
Please look into it and report it further. Spread the word.

[robertparnell]

Figured when the lawsuits started rolling in they’d change their tune real quick. When will everyone start realizing that companies, churches, schools, governments, don’t actually care about you. You’re either a statistic or an ATM card.

[scottmcloughlin]

Real Applicants = Pool of Applicants. There is no theoretical "larger pool of applicants." That kind of babbling is routine lying.

[abdiaszuniga]

Now that the money is running dry, we will now see if these "activists" truly cared about the topics they championed or they were only doing it for the money.

[jeff-hhmc]

They’re only doing so for fear of lawsuits not because it’s what they believe in. Sad.

[chipmcg]

A DEPRESSION is in the wind. 1000s of stores closing everywhere

[andyking]

Supreme court should be asked here. Is any DEI activity not basicaly unconstituionally and therefore illegal because of intentional differenciation by "race", "gender" etc.? As so prone to massive fines? If so all those activities of those activists were unlafull and to be shut down by legeslative crackdown. Repent and change your wrongdoing NOW or got to judical hell. Not only no public funding, but have them "activists" pay hefty fines and jail them if they do not cease unconstitutional actions. Maybe have some new legal entity target those law incursions.... Rather sad, that so salled "Democrats" and "Republicans" do not try a bipartisan approach against those law incursions. Rather "we as Democrats are it against beause Repuplians are for it." If one calls Demorcats "left wing": yes. If you have exactly 2 parties always one is "rigth" and one "left" even if differences beeing mariginal. In my home coutry both US parties were esteemed "rigth" if not "extreme right"...

[jeralb.]

These people at Tesla really thought they were going to get away with this? They must have forgotten who the boss is.

[tsalapbeew]

Are they really dropping it or, maybe, they are just renaming it?

[Mattrino]

It's hilarious how quickly this all fell apart on them. Everything woke turns to shit.

[dawnemile]

Blackrock and Vanguard pushed DEI in the first place. Larry Fink failed to predict the future accurately.

[timsexton]

This DEI hiring happens at almost every Fortune 500 company in America.
*_TRUST !!_*

[slicerneons]

Plenty of Game companies need to drop bonuses for already overpaid and undercompetent CEOs.

[johnl]

ESG is not "SILLY" ....Was the German gov in the 30's and 40's SILLY?