Posted on 06/03/2022 4:37:05 PM PDT by ChicagoConservative27
Five Senate Democrats called on the pension fund managers of 25 major companies to explain the lack diversity in the asset management industry.
“Women and people of color are dramatically underrepresented in the field of asset management,” wrote Sens. Bob Menéndez (N.J.), Elizabeth Warren (Mass.), Alex Padilla (Calif.), Tim Kaine (Va.) and John Hickenlooper (Colo.).
“Less than 1% of the $70 trillion in global financial assets under management are managed by woman or minority-owned firms. Women and people of color are also extremely underrepresented at the board and senior management levels at asset management firms,” the senators wrote.
(Excerpt) Read more at thehill.com ...
Mostly Republicans IIRC, it should be noted.
“Democrats call on major companies to explain lack of diversity in asset management...”
GFY
Courts in CA have already shot this down, but since that was CA not federal, the Dems figure they can do it like they have with tech: threaten them with legislation.
“We are in business to make money” AND we hire the best and brightest.
I’d like an explanation why morons, perverts, and low life scum predominant in Congress.
Screw that. I want to see some sort Asians in there.
Well to make it fair and equal...I think its time to put ankle weights on the non-white players...
I'm sure all the social justice warriors will be onboard for that!......Equality is their business!!..../s
For the same reason that white people are underrepresented in professional basketball.
Businesses exist to generate wealth, not make people feel good about their identity group.
It’s also the reason that I’m not an asset manager even though I am a white male: I’m not qualified.
Can they show a single case of employment discrimination based on sex or race? No. Otherwise it would be a lawsuit.
Just a bunch of nasty grandstanding. Frauds.
Check
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