Not included in the excerpt however was one paragraph about how Blackrock developed an ETF that they believed would demonstrate the power of "diversity" and its effect on profitability. When that ETF lagged the market greatly, Blackrock demonstrated the opposite (and proved the point of this article).
Well. duh! The WSJ has concluded that racism (hiring unqualified corporate officers and employees because of their skin color) isn’t profitable.
What’s odd is that it took them more than a decade to discover this.