Date: May 3rd, 2024 1:49 AM
Author: Wonderful unhinged hell
https://www.karlstack.com/p/dei-was-never-about-profitability/comment/55414748?utm_source=activity_item
You are banking on the fact that no one read the survey you referenced. Aren't you ?
They had to reverse engineer the survey. McKinsey didn't provide their data
They found, in the actual data , that the SP 500 firms (in 2019) that ranked the highest in diversity, outperformed the lowest quartile.
What they concluded was that a random big company using the McKinsey approach wouldnt get the results McKinsey suggests.
Great.
The reality is that it's useless research.
All the companies in the SP 500 that they used back in 2019 have the resources to decide for themselves if DEI works for them.
And those outside of the SP aren't going to base their diversity decisions on this survey
Which begs the question of what is the value of the McKinsey survey ? It's great for McKinseys consulting business. That's the value. We agree there.
But the bigger conclusion is that when you look at the highest market cap companies , they have DEI programs. All of them. Many are speaking of it less to avoid criticism from folks who agree with you . But they aren't changing their behavior
Feel free to compare the current stock price trends of public companies that speak negatively of DEI vs those that fully implemented DEI.
And as far as the personal shots at me. I hope they help you sell books.
But I will reference broadcast.com. you can read up all you want about how and what we did
https://www.sec.gov/Archives/edgar/data/1061236/0000950134-99-003284.txt
(http://www.autoadmit.com/thread.php?thread_id=5524322&forum_id=2#47630174)