More and more CEOs in the US are showing support for their companies’ diversity, equity, and inclusion (DEI) policies, according to a report by Business Insider. Recently, companies like Meta, Walmart, and McDonald’s have put some DEI initiatives on hold due to pressure from conservative groups and the White House.
A notable mention is Christian Sewing, CEO of Deutsche Bank, who recently expressed strong support for DEI programs during a press conference. He stated that these programs are crucial to the bank’s success and that he recognizes the value of diversity in upper management. However, he also mentioned that if the laws regarding DEI change, the bank may need to reconsider its approach.
JPMorgan’s CEO, Jamie Dimon, confidently replied “bring them on” when asked about challenges from activist shareholders, emphasizing the bank’s commitment to reaching out to diverse communities, including Black, Hispanic, LGBT, and veterans.
David Solomon, CEO of Goldman Sachs, acknowledged that while he has heard of some proposals from shareholders, he believes companies, including his own, are focusing on vital matters like talent diversity and climate change.
Cisco’s CEO, Chuck Robbins, stated that having a diverse workforce is essential. He believes certain aspects of DEI may have gone a bit too far but thinks they can be adjusted to focus on common sense.
Finally, Ron Vachris, the new CEO of Costco, supports DEI policies, despite being pressured by some Republican attorneys general to end them, who labeled those practices as divisive and discriminatory. It’s worth noting that nearly all Costco shareholders voted against a proposal to eliminate DEI efforts.
Leave a Reply