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That is a really interesting question. I understand why CEOs, boards etc. engage in virtue signaling: once you are rich enough, status becomes more important t
by inglor_cz 2y ago
That is a really interesting question.
I understand why CEOs, boards etc. engage in virtue signaling: once you are rich enough, status becomes more important than extra money, and this is a cheap way how to buy status and get invited to the right parties, where you may even be allowed to recite your own land acknowledgment from a podium.
But investors mostly don't care about status, and quite a lot of investors likely come from countries where DEI was never popular to begin with (Saudi Arabia etc.) I would expect them to push against it.
- science4sail 2y agoPerhaps the investors felt that DEI programs would produce benefits in the long run? For all the accusations of Wall Street short-termism, the stock market was very patient with Amazon during its reinvest-all-profit years and the Saudis were very patient with Masayoshi Son's Vision Fund adventures.