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McKinsey’s Claim That DEI Boosts Company
Profitability Doesn’t Hold Water, New
Study Finds

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Posted By: Beardo, 4/2/2024 9:40:40 AM

Claims made by global consulting firm McKinsey that diversity, equity and inclusion policies (DEI) increase a company’s profitability don’t hold water, according to a Monday report from Econ Journal Watch (EJW). McKinsey published several studies in 2015, 2018, 2020 and 2023 — often titled along the lines of “Diversity Matters,” or “Diversity Wins” — claiming that there is a statistically significant positive relationship between a company’s financial performance and the percentage of racial and ethnic diversity among its executives, according to EJW. EJW could not produce such findings when conducting its own version of such a study, calling into question the quality of McKinsey’s methods

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Reply 1 - Posted by: Vaquero45 4/2/2024 9:51:26 AM (No. 1691025)
Little Petey Bootygig worked for McKinsey. That tells you everything you need to know.
19 people like this.

Reply 2 - Posted by: downnout 4/2/2024 9:53:38 AM (No. 1691026)
Consulting firms are the last place one should go for expertise.
19 people like this.

Reply 3 - Posted by: franq 4/2/2024 9:58:59 AM (No. 1691027)
Consulting firms indeed. Wish we could post pictures; there's a great one of 2 hands shaking, title in caps - CONSULTING, with the caption to the effect of, "If there's a problem, there's money to be made prolonging it."
13 people like this.

Reply 4 - Posted by: Nimby 4/2/2024 10:07:43 AM (No. 1691031)
Who would have thunk that experience and merit equals success and not DEI ideologies? s/o
12 people like this.

Reply 5 - Posted by: WhamDBambam 4/2/2024 10:08:53 AM (No. 1691032)
Believe me, this is the last bunch in the world that you want helping you.
11 people like this.

Reply 6 - Posted by: DVC 4/2/2024 10:40:14 AM (No. 1691043)
The only thing that boosts a company is hiring the very best, most competent employees......REGARDLESS of sex, race, etc. When sex and race become far more important to employee selection, competence and skills fall by the wayside and the company WILL SUFFER. Most of us have worked with some people who were clearly hired and promoted for their skin color or sex, and other employees had to work to cover for their incompetence. This is something that people have SEEN FOR THEMSELVES in action. Not impressed with this "McKinney" and their fraud and lies.
9 people like this.

Reply 7 - Posted by: Rama41 4/2/2024 10:54:08 AM (No. 1691056)
DEI as a profitability boost is the civilian analogy to the military's "Diversity is a force multiplier".
6 people like this.

Reply 8 - Posted by: billa57 4/2/2024 10:56:27 AM (No. 1691058)
OBVIOUSLY! It was never meant too.
3 people like this.

Reply 9 - Posted by: wilarrbie 4/2/2024 11:00:46 AM (No. 1691061)
DEI, et al are all make-work projects to keep the 'studies' graduates occupied. It is of little practical value outside of protected safe spaces (which is why they had to have their loans forgiven), so must be forced.
5 people like this.

Reply 10 - Posted by: ironchefw 4/2/2024 11:02:30 AM (No. 1691065)
McKinsey report prob produced by their diversity hires.
12 people like this.

Reply 11 - Posted by: Venturer 4/2/2024 12:07:53 PM (No. 1691110)
If you believe McKinsey's claim you believe in the Oyster Bunny.
9 people like this.

Reply 12 - Posted by: Ashley Brenton 4/2/2024 12:23:47 PM (No. 1691117)
DEI is a jobs program for people with worthless degrees in "__________ Studies".
6 people like this.

Reply 13 - Posted by: zephyrgirl 4/2/2024 2:48:55 PM (No. 1691168)
Trust me, diversity makes the entire workplace worse. I've worked with and for diversity hires, and spent a measurable percentage of my time cleaning up the messes they made - double-checking their work, correcting their mistakes, explaining why promises they made couldn't be kept, correcting made-up "facts" tossed out in high visibility meetings, consoling the employees they perceived as a threat and therefore screwed over, answering questions from higher ups that didn't trust the diversity managers they were forced to hire. It was an endless cycle until I was able to network myself into working for a competent white male with whom I could have intelligent conversations.
3 people like this.

Reply 14 - Posted by: skacmar 4/2/2024 3:13:55 PM (No. 1691176)
Who did the study for McKinsey? A DEI hire trying to justify their being hired by McKinsey!
1 person likes this.

Reply 15 - Posted by: edgar 4/2/2024 4:41:12 PM (No. 1691210)
That is the same liberal clap trap they shared when a church I belonged to long ago was moving towards being Open and Affirming to non-heterosexuals. It was said that your collections would increase. Well, the conservatives left and the progressives remained. Then you find out who donates and who does not. The church has struggled to survive ever since.
4 people like this.

Reply 16 - Posted by: Schnapps 4/2/2024 5:26:37 PM (No. 1691232)
Hey McKinsey! You forgot to included Boeing in your study.
0 people like this.

Reply 17 - Posted by: Petronius 4/2/2024 6:31:50 PM (No. 1691263)
I can confirm from experience at the company I work at that DEI is a disaster for business.
0 people like this.

Reply 18 - Posted by: Californian 4/2/2024 7:39:14 PM (No. 1691295)
Go woke, go broke.
0 people like this.

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