Big Banks Walking Back Public Support for DEI
The Wall Street Journal reports big banks such as Citigroup and Morgan Stanley are walking back their public support for Diversity, Equity, and Inclusion (DEI) programs.
Many companies established DEI policies and programs some years ago to create an equal playing field for racial and ethnic minorities. However, it did not take long for LGBT groups and others to hijack those policies to promote gender-identity politics and other radical ideologies in the workplace.
As a result, public opinion has shifted against DEI and pro-LGBT activism in the workplace, prompting many companies to change course.
Late last year Walmart rolled back its pro-LGBT diversity, equity, and inclusion policies. Target, Toyota, John Deere, Lowe’s, Tractor Supply, Harley Davidson, and other corporations have moved away from DEI as well. Now big banks appear to be prepared to follow suit.
As we have said many times, it’s deeply troubling when multibillion financial institutions use their wealth and influence to promote radical ideologies. Diversity, Equity, and Inclusion clearly is unpopular among consumers who are tired of pro-LGBT pandering from Corporate America. It’s good to see banks recognize that fact and reverse course on DEI.
Articles appearing on this website are written with the aid of Family Council’s researchers and writers.
