The elephant in the room is that "ethics" and "diversity" and so on are not business concerns in the sense that they help make the company money. The Chief Dive

The elephant in the room is that "ethics" and "diversity" and so on are not business concerns in the sense that they help make the company money. The Chief Diversity Officer is a thing if there is a market pressure for companies to have one but the goal if the company is to maximize its profit and once having an ethics team or a diversity team gets in the way of that, they'll be overturned or abandoned. It's literally virtue signalling (i.e. a performative display of virtue rather than a legitimate interest in the virtuous behavior itself). What should be concerning is that the environment has changed in such a way companies find it more profitable to forego these signals or maybe even use that change itself as a signal (e.g. consider Coinbase making a big show of becoming "apolitical" and gaining recognition from a certain audience for that).