Wokeness is in retreat, but Nasdaq’s ‘diversity rules’ show its awful stench will be hard to eliminate

The New York Post ^ | 12/28/2024 | Charles Gasparino

[thegagline]

Wokeness is in retreat, but its stench will be hard to eliminate.

Consider the curious case of the bone-headed “Nasdaq diversity rules” — edicts by the stock market giant to force every company that “lists” there to choose a board of directors that stresses intersectionality — racial, sexual and gender diversity — as opposed to competence.

*** Forcing it on corporate boards as Nasdaq has been doing since 2020 is particularly scary. And now it’s illegal.

***

Nasdaq turned decades of corporate law on its head at the height of the so-called social justice movement. It came at a particular hysterical time in American history, when the left tried to convince the country it was inherently racist because of the police killing of an ex-con named George Floyd as he was resisting ­arrest.

That was then. These days, sanity is returning and woke is in retreat. Courts are ruling that DEI is illegal.

The Fifth Circuit federal court did just that, telling Nasdaq it will have to end the insanity.

Yes, the ruling is a sign wokeness is dying. ***

Under CEO Adena Friedman Nasdaq joined the social justice movement that was all the rage in 2020. She demanded that listed companies stock their board with directors who were not the target of progressive ire during that eerie time, aka straight white men.

“Each Company, except as described below in, must have or explain why it does not have, at least two members of its board of directors who are Diverse, including at least one Diverse director who self-identifies as Female; and at least one Diverse director who self-identifies as an Underrepresented Minority or LGBTQ+,” the Friedman-led Nasdaq said in its edict. ***

[thegagline]

May wokeism die a miserable death. May its proponents also….I’ll stop right there as I am still in the Christmas spirit.

[vetvetdoug]

It is only a matter of time with DEI until they start putting whites in concentration camps. Wokeness encourages this.

[Ge0ffrey]

It won’t be long before the main atock exchanges will be located in Texas.

[proxy_user]

Well, there’s always the NYSE.....

[poconopundit]

DEI -- Destroy any Enterprise by putting Incompetents in charge.

Over time, DEI companies will drap the NASDAQ stocks down and the non-DEI managed NYSE stocks up.  It's the long range mathematics of DEI policies.

[ronnie raygun]

DEI hires are there to stay, cant get rid of them

[ABN 505]

I think rounding up whitemen to go to any kind of camp may prove harder than the libs think, as a matter of fact it may be their undoing.