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Summary: It's because companies that appoint Women to their boards make a fuss about how they are now "diverse". Investors take that as a signal the company c
by ars 7y ago
Summary:
It's because companies that appoint Women to their boards make a fuss about how they are now "diverse".
Investors take that as a signal the company cares more about diversity then about actually making money. (i.e. that they care more about having a woman on the board then about finding the best board member.)
- deleted 7y ago[deleted]
- dTal 7y agoThe thing is, that's not neccesarily an irrational or sexist conclusion - it depends only on high-order beliefs about beliefs about what society thinks of women, not direct beliefs about women themselves. It's an interesting perverse consequence of "social justice culture". Consider the reversal: in a world that was irrationally discriminatory against women, that did not have a "social justice" culture, hiring women would be a signal (to unbiased, pragmatic people) that you cared more about getting things done than about what society thinks. The million-dollar question is - in a world with neither "social justice" nor irrational sexism, what is the expected sex ratio of a board of directors?