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Apple Card partner Goldman Sachs drops DEI section from annual filing

MacDailyNews

Feb 28

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Apple Card partner Goldman Sachs omitted a full section on “diversity and inclusion” (DEI) from its annual filing released Thursday, reflecting a broader retreat from DEI efforts among Wall Street firms following President Donald Trump’s executive order last month directing government agency chiefs to dismantle DEI policies at federal agencies and in the private sector.

Trump on Wednesday also asked Apple to scrap its DEI policies after the tech giant’s shareholders voted to keep them.

Reuters:
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“We have made certain adjustments to reflect developments in the law in the U.S.,” CEO David Solomon said in a statement…
Trump and his allies say DEI unfairly discriminates against other Americans, including white people and men, and weakens the importance of merit in job hiring or promotion…
Citigroup last week also dropped a requirement for diverse slate of candidates for job interviews. Bank of America also scrapped some of its DEI initiatives earlier this week.

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MacDailyNews Take: Apple should eliminate the DEI anachronism – and they will if they value import tariff exemptions.

Getting the absolute best people should remain Apple’s ultimate goal. Forced diversity carries its own set of problems. Would the group be comprised of the best-qualifed people possible or would it be designed to hit pre-defined quotas? Would some employees, consciously or unconsciously, consider certain employees, or even themselves, to be tokens meant to fill a quota? That would be a suboptimal result for Apple and everyone involved.

The best and desired outcome is for the quest for diversity to work in Apple’s favor. Truly looking at qualified people from a larger pool would likely result in delivering different viewpoints and new ways of looking at things and tackling problems than a more homogenized workforce would likely be capable of delivering.

Regardless and of course, someday it sure would be nice for everyone to just be able to evaluate a person’s potential, not measuring and tabulating superficial, meaningless things like skin color and gender.

How do we ever get to the point where people “will not be judged by the color of their skin, but by the content of their character,” when we insist on judging people by the color of their skin? — MacDailyNews, December 31, 2015

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