State Street is one of the largest investment firms in the world. It employs 39,400 people in 27 countries, including 2,500 in Ireland.
State Street commissioned the Fearless Girl statue on Wall Street. It moved the statue to the New York Stock Exchange.
The company also vowed to “increase spending with diverse suppliers over the next three years.” They want to “hold ourselves accountable for strengthening black and Latinx owned businesses.”
Uh oh. State Street did not capitalize black!!
So I guess it doesn’t surprise me that bosses at State Street must have permission before they hire white males:
The policy is part of a drive by State Street, which employs 2,500 people in Ireland, to improve diversity within its middle and senior management. The multinational aims to triple the number of black, Asian and other minority staff in senior roles by 2023, and executives’ bonuses will be lower if they do not meet the targets.
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And the next census will show most identifying as minorities just like what is happening on college applications.
Gee Wally, imagine our society if Whites only represented 14% of the population.
Well Beave, it wouldn’t be a society!
Completely missing from the story is who would be giving permission. It was only a matter of time before HR took over everything.
Thanks for this info!
I have some sizable assets being mismanaged by these assholes. I’m going to talk to my financial advisor today and instruct her to pull everything from State Streets clutches.
Shit like this has made the service industry pretty miss or hit in terms of reliability & competence.
Thirdtwin is right, HR has got to be a growth profession, especially when they need ‘diversity’ monitors.
If someone with a pale skin, who identifies as black, take them to court???
You don’t hire the best and the brightest by limiting the applicant pool from the outset.
“and executives’ bonuses will be lower if they do meet the targets.”
FIFY
I’m wondering how much bribery and nepotism this policy will create? I’m guessing a great deal.
When LaTeesha runs the portfolio into the ground due to ignorance they’ll just blame structural racism.
State Street’s newest investment: Meth futures
Very Nazi of them.