Investors Penalize Companies for Adding Women to Their Boards

Bloomberg | November 25, 2019 | Jeff Green

[bk1000]

I have no problem with qualified women being on boards. If, however, a company adds a token female to satisfy some woke sjw whiners I will not own their stock or support them otherwise.

[tbw2]

The erosion of meritocracy hurts the company, and shareholders literally see this.

[eyeamok]

Over the years, various non-academic reports have suggested that diverse leadership results in corporate success

I have never understood how people say this with a straight face, A DIVIDED leadership is better than a Unified leadership???

[ProtectOurFreedom]

Right up there with the pure BS “Diversity is our strength” bosh. That always rankled me.

[ProtectOurFreedom]

Author Jeff Green is more WOKE than the average WOKE millennial. He is absolutely obsessed with WOKEness and writes nothing but garbage like this article...

Investors Penalize Companies for Adding Women to Their Boards, 11/19
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Female CFOs Brought in $1.8 Trillion More Than Male Peers, 10/19
Black Executives Hold Few Positions That Lead to CEO Job, 10/19
Sexual Harassment Training Now Required for 20% of U.S. Workers, 10/19
The Few Startups with Female Founders Raise More Venture Cash, 10/19
Corporate Diversity Programs Are Working, Straight White Men Say, 9/19
The Cable Industry Adds More Women and Minorities, But Can’t Keep Them, 9/19
America’s First Gay Credit Union Gets Green Light From Michigan, 9/19
WeWork Adds Harvard’s Frei to All-Male Board After Criticism, 9/19
Multinational Companies Reveal Gender Bias in Job Ads, 9/19
WeWork’s All-Male Board Is Pretty Typical of IPOs These Days, 8/18
A $750 Billion Midwest Fund Group Pushes for Board Diversity, 8/19

[lepton]

Just wait till the Gov demands that every board room has to have a Midget/ little person in a director position as well..

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And a diverse assortment of the mentally ill, and felon status.

[ProtectOurFreedom]

He says he's a "father of three" who lives with his wife. I wonder what his "wife" looks like.

I've been a reporter at Bloomberg since 2001 and for the last several years I've covered various aspects of corporate governance. I'm currently part of a team at Bloomberg that covers managing diversity - exploring how companies are adapting to changes in policy related to gender, race, sexuality, age and other topics. I also continue to write about corporate governance and workplace issues. When I'm not reporting, I'm a father of three who lives with his wife and dog in Troy, MI.

[Miguk]

With Affirmative Action being forced down everyone's throats, and for years, there is no such thing as "qualified," anymore.

The overarching reason is "Diversity!"

AA and Diversity! are poison. There is almost no way to find out, even with years of chances, whether a particular white, black, yellow, red or brown male, female, fag, lesbian or tranny, would have ever been "qualified," in the most rational sense of the word, to compete for that job or student spot.

Once they are "tokened" in, society and the Left remove any pretense and questioning of alleged qualifications. And more often than not, with time, the token is shown to be woefully unqualified, but by that time, many years and many deficiencies and perhaps lives are lost, due to political correctness.

Companies and educational organizations are not allowed to be selective (Lefty screams Discrimination!). Without that process, fairness and fair play and meritocracy are throw out, and the dumbest wiliest victim-est token takes the prize.

[Midwesterner53]

The bottom line for “diversity” is reduced efficiency and investors are well aware of it. When standards are lowered to get the right look, investors go elsewhere, as they should.

[packrat35]

Diversity in 2019 has only one meaning (no white men allowed).

[zeugma]

Why even give Bloomberg hits?

[trebb]

Yep - hiring women to meet some asinine gender “equality” goal instead of because they are the best fit is a recipe for disaster....just think about when they push for at least one each of the plethora of “new genders” because it’s a crime to put “women” in a limited niche like that because it makes it sound like there’s only two sexes....