I think it is the voting of the woke financial institutions that places the DEI believers on the boards of these companies. Maybe a few huge lawsuit settlements will change that.
I agree. Unfortunately, a huge DEI influence inside these corporations (emanating/oozing from human resources and legal) has also unduly pressured management and the boards.
It’s not just DEI believers making this mess. A lot white male managers don’t believe it in at all but CYA for their careers. I see them hire lots of unqualified people to check the DEI boxes. Seemingly, most everybody just does what they have to do days...