Leaders at One of America's Largest Investment
Firms Must Now Get Approval to Hire White Men
Red State,
by
Mike Miller
Original Article
Posted By: mc squared,
11/8/2021 10:38:50 AM
Another day, another headline that looks like it’s straight from the satire site, The Babylon Bee. State Street Global Advisors — actually one of the world’s largest investment companies — has announced that henceforth, its leaders will need permission to hire white men as part of the company’s new diversity hiring initiative. “This is now front and central for State Street; it’s on every senior executive’s scorecard,” said Jess McNicholas, the company’s head of inclusion, diversity, and corporate citizenship. State Street Global Advisors is the investment management division of State Street Corporation and the world’s fourth-largest asset manager, with nearly
Reply 1 - Posted by:
bpl40 11/8/2021 10:46:00 AM (No. 971219)
First merit, then race. Anything else is not just destructive but racist.
7 people like this.
Reply 2 - Posted by:
DVC 11/8/2021 10:48:07 AM (No. 971227)
My investment advisor team is checking to see if any of my investments are with these racist fools. I will be moving ANY funds that have any connection to them. His initial response was "I don't think so, but we'll do a more detailed look and get back to you.".
These are evil, hateful, stupid people.
14 people like this.
Reply 3 - Posted by:
Rubinski 11/8/2021 10:58:53 AM (No. 971247)
People have gone mad. This all must be resisted, unless you want more and more of the same. #2, thumbs up.
7 people like this.
Reply 4 - Posted by:
bighambone 11/8/2021 11:06:34 AM (No. 971263)
They are probably setting themselves up for major discrimination law suits after it is determined that they passed over qualified job applicants because of the color of their skin. But who knows these days.
4 people like this.
Reply 5 - Posted by:
mc squared 11/8/2021 11:17:28 AM (No. 971277)
#4: 'qualified job applicants' has nothing to do with it.
This link is first hand information, although no surprise to most of us: What’s Really Driving America’s Abysmal Inner-City Education Results?
https://thebluestateconservative.com/2021/11/05/whats-really-driving-americas-abysmal-inner-city-education-results/
2 people like this.
Reply 6 - Posted by:
RuckusTom 11/8/2021 11:26:40 AM (No. 971290)
As if quotas and affirmative action weren't enough.
3 people like this.
Reply 7 - Posted by:
DougTN 11/8/2021 11:27:38 AM (No. 971291)
Ought to work out well. Could be the poster child for Go Woke Go Broke… worrying about anything other than skill set is a fools errand. Can’t wait for racism to hit Medical School and Residency assignments.
3 people like this.
Reply 8 - Posted by:
NamVet70 11/8/2021 11:57:28 AM (No. 971336)
Sounds like they are violating EEO doing that. If they can do this policy then they should make it retroactive to keep their own jobs.
2 people like this.
Reply 9 - Posted by:
Ida Lou Pino 11/8/2021 12:03:15 PM (No. 971345)
Nothing new here. I've always taken my investment advice from the cashiers at Target.
No reason why those same women of color can't dish the same thing out at a big Wall Street brokerage. Let's do it!
2 people like this.
Reply 10 - Posted by:
Toby Ten Bears 11/8/2021 12:05:31 PM (No. 971349)
Nothin' racist about this... My God... My God...
3 people like this.
Reply 11 - Posted by:
DVC 11/8/2021 12:10:56 PM (No. 971361)
Thanks for the link, #5.
Anyone who hasn't followed that link and read the whole article, really should.
3 people like this.
Reply 12 - Posted by:
Krause 11/8/2021 12:47:31 PM (No. 971402)
'It's not necessary now to hire the most qualified person.'
1 person likes this.
Reply 13 - Posted by:
skacmar 11/8/2021 12:57:54 PM (No. 971421)
State Street would rather have an underperforming but diverse workforce over a high performing workforce of the best and brightest regardless of race/color. State Street's responsibility is to get the best return on investment for their clients. Not get the award for most diverse workforce at the expense of returns. This policy will result in State Street losing high performing white employees to other firms who will now intentionally be passed over for promotions due to their race. State Street may get their diverse work force but they will lose a lot of clients and goodwill because of the implementation of this racist policy.
3 people like this.
Reply 14 - Posted by:
Skinnydip 11/8/2021 12:59:58 PM (No. 971429)
My son works in executive recruiting for a huge Texas technology company. Says if you're a highly qualified white male looking for a job, forget it. And if you're already working there looking to move up in the ranks you can forget that too. After 20 years, he's had enough and moving on.
5 people like this.
Reply 15 - Posted by:
bigfatslob 11/8/2021 1:02:22 PM (No. 971435)
It will be successful is they hire all Asians other skin tones maybe not so much. When State Street goes down in flames at least they can say they were diverse and no whites were hurt in the disaster.
1 person likes this.
Reply 16 - Posted by:
Pepperpot59 11/8/2021 1:27:17 PM (No. 971468)
So now the official policy of major investment firms is racism is good.
2 people like this.
Reply 17 - Posted by:
DVC 11/8/2021 1:44:50 PM (No. 971487)
Re #14, more information would permit us to "thank them" by not ever doing business with such a rotten company.
0 people like this.
Reply 18 - Posted by:
bad-hair 11/8/2021 2:46:38 PM (No. 971549)
They further announced their intent to invest heavily in the industrial powerhouses like Togo Ice and Refrigeration SA. and Nigerian Investments for Idiots SA.
1 person likes this.
Reply 19 - Posted by:
Right Time 11/8/2021 3:02:43 PM (No. 971564)
Definitely a wise investment choice to retain a financial advisor who does their recruiting of talent from illiterate inner city yutes, Nigerian princes, and Haitian financial experts.
What could go wrong?
1 person likes this.
Reply 20 - Posted by:
MickTurn 11/8/2021 3:17:46 PM (No. 971585)
No problem, I'm PINK...not White.
0 people like this.
Reply 21 - Posted by:
Heil Liberals 11/8/2021 6:48:54 PM (No. 971725)
The communist takeover continues.
1 person likes this.
Reply 22 - Posted by:
24tea@Mag 11/8/2021 9:59:14 PM (No. 971809)
Ain’t that sweet! Hope they fail.
0 people like this.
Reply 23 - Posted by:
XCenturion 11/9/2021 12:25:22 AM (No. 971892)
This is ridiculous. Time for "white men" to start divesting their green money from this racist firm.
1 person likes this.
Reply 24 - Posted by:
Faithfully 11/9/2021 3:19:44 PM (No. 972529)
21, The communist takeover is now complete. If the white liberals think they will be spared because they supported them, then they have another think coming.
2 people like this.
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Been going on for years. I was discretely told that over a decade ago in an interview. Slogan for the firm: Invest your savings with an Affirmative Action Broker