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Biggest U.S. Banks Embrace ‘Rooney Rule’ Policies in Diversity Hiring Push
Wall Street Journal ^ | January 26, 2021 | Ben Eisen

Posted on 01/27/2021 1:52:36 PM PST by karpov

Five of the largest U.S. banks publicly committed to mandating a diverse slate of applicants when hiring employees, part of a push to diversify an industry whose top ranks remain largely white and male.

JPMorgan Chase, Bank of America Corp., Citigroup Inc., Wells Fargo and U.S. Bancorp all said they would either adjust policies for considering job candidates or disclose the ones they already have in place.

Their policies mirror the so-called Rooney Rule, which started in the National Football League as a way of making sure people of color are considered for coaching jobs. In recent years, the rule has gained traction in corporate America, particularly for boards of directors.

The commitments came about after the American Federation of Labor and Congress of Industrial Organizations, a union group, sent proposals to the banks in its capacity as a shareholder. The group owns shares through its reserve fund. That led to discussions and a series of agreements, according to Brandon Rees, deputy director of corporations and capital markets at AFL-CIO.

Banks say they already had interview policies to diversify their ranks, but the public agreements are meant to add an element of accountability for their progress. Over the summer, racial justice protests drew attention to structural barriers for people to color to advance in corporate America. At banks, where women and minorities have long struggled to ascend to the top ranks, attention turned to hiring practices.

“There’s been diversity at lower levels of the financial services industry, but you have something of a glass ceiling when it comes to senior management,” Mr. Rees said.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: affirmativeaction; diversity; preferences; quotas; racialpreferences; rooneyrule
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Full article. Employers only have time to interview a limited number of candidates. Denying job candidates a job interview on the basis of race, which is what this policy amounts to, is illegal. Someone who is denied an interview should sue.
1 posted on 01/27/2021 1:52:36 PM PST by karpov
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To: karpov

More discrimination in the name of DIVERSITY.


2 posted on 01/27/2021 1:55:01 PM PST by BipolarBob (USA - Born July 4, 1776. Died Jan. 20, 2021 in the Year of our Covid - a new error.)
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To: karpov

I’ve noticed at least 70% of couples in advertisements are inter racial. Heck, in the latest Reader’s Digest, in one of their humor features, the little cartoon has an inter racial couple.

They seem to be pushing the white man with a black woman combo very hard.


3 posted on 01/27/2021 1:56:16 PM PST by brownsfan (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.)
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To: BipolarBob

I had to deal with one of those “diverse” types at my bank recently. I pulled $200 out for cash to carry. I had to help her count it out.


4 posted on 01/27/2021 1:58:30 PM PST by Texas resident (Biden is China's bitch)
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To: brownsfan

I wonder if that is mainly a cost-saving measure for the advertiser. It saves them the trouble of making different print ads for Ebony and Field & Stream magazines. :-P


5 posted on 01/27/2021 2:00:21 PM PST by Alberta's Child ("There's somebody new and he sure ain't no rodeo man.")
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To: karpov

Lets do this for the next 4 years. I moved into cash, gold and know how to invest for a downward market with cash infusions from government. Lots of little PUT and few buys and sitting at home not spending money on shit one does not need. I got that covered for the last 12 and the next 12...easy.

Having worked in the past for the quota president of woke operations, these just one more try with someone more diverse blow up really quick.


6 posted on 01/27/2021 2:00:22 PM PST by protoconservative (Been Conservative Before You Were Born )
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To: karpov

Someone who is denied an interview should sue.

**************

Won’t do any good. Our laws are meaningless and the courts are corrupt.


7 posted on 01/27/2021 2:01:24 PM PST by Starboard
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To: brownsfan

which is one of the least likely combinations. More likely to be a white man with an asian woman or a black man with a white woman.


8 posted on 01/27/2021 2:02:29 PM PST by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: karpov

Many Bank positions are just cogs in a wheel. Just about anyone who can read, write and do a little math will fit in fine.


9 posted on 01/27/2021 2:04:45 PM PST by Fido969 (,i.)
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To: protoconservative

You might want to think about shorting the dollar. Declining empires debase their currencies.


10 posted on 01/27/2021 2:05:11 PM PST by Starboard
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To: Fido969

The more losers they hire the more capable people they’ll need to do the work for the incompetents. The federal government does this all the time (i.e., hire skilled contractors to do the work the employees cannot or will not do). In other words the government pays two people to do what one person should be doing.

It goes on all the time. I kid you not.


11 posted on 01/27/2021 2:10:36 PM PST by Starboard
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To: BipolarBob

You got to discriminate to get rid of discrimination.


12 posted on 01/27/2021 2:19:55 PM PST by aquila48 (Do not let them make you care! Guilting you is how they control you. )
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To: karpov

Looney rule


13 posted on 01/27/2021 2:20:18 PM PST by bigbob (Trust Trump. Trust the Plan. )
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To: brownsfan

‘They seem to be pushing the white man with a black woman combo very hard.’

I like the one where he dumps the spaghetti in her lap...


14 posted on 01/27/2021 2:21:52 PM PST by IrishBrigade
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To: brownsfan

One of the big reasons I stopped watching tv.

It’s like twilight zone - no relationship with reality. Gas lighting 24/7.

And ironically, the people pushing this anti-white propaganda are whites - self-loathing whites.


15 posted on 01/27/2021 2:24:37 PM PST by aquila48 (Do not let them make you care! Guilting you is how they control you. )
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To: Starboard
....”The more losers they hire the more capable people they'll need to do the work for the incompetents”.....

Happens all the time in the nursing field when recruiter's bring in foreign trained nurses to fill staff shortages.....and is the largest complaint reliable and capable nurses have.

16 posted on 01/27/2021 2:24:50 PM PST by caww (“For the people” and “For the children” - signals we're about to be scammed)
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To: karpov

Doesn’t all this push to discriminate based on race violate the Civil Rights Act of 1964?

“In 1964, Congress passed Public Law 88-352 (78 Stat. 241). The Civil Rights Act of 1964 prohibits discrimination on the basis of race, color, religion, sex or national origin. Provisions of this civil rights act forbade discrimination on the basis of sex, as well as, race in hiring, promoting, and firing.”

Seems like thousands of winnable lawsuits just WAITING to happen.

Of course, that assumes one would be heard by a court that wasn’t already corrupt to the core, which is quite the roll of the dice.


17 posted on 01/27/2021 2:33:08 PM PST by jstolzen
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To: BipolarBob

DIVERSITY = CHEAP LABOR

It also goes by many names the left manufactured


18 posted on 01/27/2021 2:33:40 PM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: karpov

I always like Andy Rooney, but why did he inflict this on us?


19 posted on 01/27/2021 2:38:12 PM PST by Verginius Rufus
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To: BipolarBob

I had to do a bit of banking lately. It’s all online.

So I checked “black.

I keep getting free discounted offers because of my “color”.

It’s perfectly legal.

I encourage everyone to do it. We’re all from Africa!


20 posted on 01/27/2021 2:51:22 PM PST by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem)
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