DEI on Wall Street takes a hit

 Red State:

The Fifth Circuit Court of Appeals has delivered a landmark decision striking down Nasdaq’s board diversity rules, marking a significant setback for corporate diversity initiatives imposed by regulatory bodies.

While the rules aimed to increase representation of women and minorities on corporate boards, the court found them inconsistent with federal securities laws, emphasizing limits on the authority of regulatory agencies to shape corporate governance. The Fifth Circuit's ruling deals a blow to recent, progressive trends in the corporate world - pushed by government agencies like the Securities and Exchange Commission (SEC) - calling for more diversity, equity, and inclusion (DEI) on corporate boards.

Nasdaq’s rules, introduced in 2021 in the wake of George Floyd's killing and heightened focus on racial equity, required companies to either ensure at least one woman and one minority or LGBTQ+ director on their boards or explain their non-compliance. The rules also imposed annual disclosure requirements for board diversity statistics, standardizing data reporting across listed companies.
...

The best way to increase prosperity in the US is to give jobs based on merit and not identity.  DEI is a mistake that should be shunned across the board.  As I often ask can you imagine requiring an NBA team to sign a short white guy or woman who can't jump a contract so they can have racial gender and height diversity? 

See also:

The Coming Fight to Abolish DEI

An open letter to Donald Trump’s Cabinet

And:

 Department of Government Efficiency

@DOGE

The Department of Education spent over $1 Billion promoting DEI in America’s schools

-$489,883,797 for race-based hiring

-$343,337,286 for DEI programming

-$169,301,221 for DEI mental health initiatives

Source: https://defendinged.org/investigations/granted/


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