New York Goldman Sachs won't take companies public anymore unless they have at least one"diverse" board member, the bank's CEO David Solomon said Thursday.
"From a governance perspective, diversity on boards is a very, very important issue," Solomon said in an interview with CNBC at the World Economic Forum in Davos, Switzerland.Goldman's push for diversity will be focused primarily on women: Over the past four years, initial public offerings of companies in the United States with at least one female director on their boards performed"significantly better" compared to those without, the CEO said.
What a bunch of BS
There's zero evidence the presence of women on boards is causative of better performance, it could just as easily mean that better performing companies are quicker to jump on board any progressive cause for PR reasons.
Call me when it’s 50%.
Pandering
What a load of horseshit.
The finance industry Rooney rule
What a stupid rule
Goldman Sucks
JFC. They have no idea what diversity means.
Tokenism, it's totally ok when government does it. 🙄
Yawn
True believers
I suggestion Asian,developing countries should accept,adoptation,low rates of Tokyo style,last years 2019.Rafrel
Wow they are so noble
If that doesn’t scream racism and white supremacy!
Stupid
Aww
They should be shut down for blatant racism
Well, if that is their overbearing way of doing business, i won't use them and am divesting. GS can be counted on to pander. They are greedy nearly, took down banking and suck up to where the puck (money) is. Just don't discriminate against any group, its so simple. LouDobbs
Nice try, but what happened to percentages?
A PR move to play to the leftist/SJW crowd, which absolutely hates Goldman and everybody like them.
Wait, so they are basing their decision on race? That's a bit... Racist.
what does Goldman Sachs board look like ? asking for a friend
Devastating news ......
If you don’t believe in borders white people are diverse
Jews are the most over represented people in banking. Why is their no cnn articles taking about that?
Oh, like “Reichbank wont take companies public anymore if the board members are only Jewish... They must diversify and add at least one aryan”. 1939
Hola companies I’m latino, I can diversify your board. DM me 😆
Stephen Miller: “the terrorists have won.”
Stunning, brave, AND woke. The trifecta!
Ah....But are ALL of their board members fully qualified, top of their game, or hired because they fill a PC requirement to be diverse? Lowering quality to be PC is a rabbit hole that will eventually lead to the end of the West.
Some African waste alot of time, Like these dangerous Ugandan against me,Use my British highschool history to hurt me, creature need American and British people to believe their Narrow reasoning lies against me,narrow minded people use electric light, plugs to hurt me,will not
Would rather have two thirds of the board be unionized workers.
They should be more commited in not defrauding their clients. Mobsters.
?
SHORT GOLDMAN SACHS
We should trust the banks now .....
It hasn’t even been one week since Martin Luther King Day and major company is already dumping on MLK,s speech about being judged not by the color of of the skin but by his character.
Pelosi clap
Lol. This statement is absurd on so many levels 😂
Well that is discrimination and illegal.
Graham Chase Robinson to expose Robert De Niro's dark side in new tell all book. We can't wait to see this clown exposed.
How diverse ?
Do they have more than 100 board members? Otherwise 1 would statistically overrepresent... How about stopping banking until half of the faces on the dollar bills are female?
LiberalLogic
What is a 'diverse board member'?
hobo_group BEE went international
hobo_group Lol
So they'd rather employ someone below par, just so they can gain few brownie point with the dimwitted liberals, than employ the best person for the actual job ? Sell your shares NOW !
What about eye color
Well now. Problem solved!!! I can sleep again.
Sounds like a Goldman Sachs wants to lose a few court cases 😂. Once they say “you’re too white” it’s game over.
Diversity? Of course we’re diverse. /points to a White man “See him, he went to” *whispers low* “a public school. Why he’s practically an alien.”
Lol
Because one is the most diverse number in the world.
to·ken /ˈtōkən/ noun a member of a minority group included in an otherwise homogeneous set of people in order to give the appearance of diversity. 'the next black actor or actress selected won't know if it's because of their ability and performance or if they're just a token'
This is not The Onion?
That's racist
GoldmanSachs
I recommend Malaysian former Prime Minister and soon-to-be convict Najis Razak, since Goldman Sach has excellent working relationships with the motherfocker.
Wow straight up call it a token why dont you? Diversity is great and I would prefer more diversity than just ONE a board should be as diverse as its employees and its clients or customers. So maybe look at the entire company.
So brave!! 🙄🙄😴😴
Me getting my resume ready.
Go Woke, Go Broke.
They really think we’re that dumb?!?😒
it would be cool if that whole company were (burst of radio static drowns out all the nice things that should happen to them)
ShamImpeachmentTrial
like someone that shops at wal-mart ?
And what about Goldman itself?
Forcing companies to hire a specific gender for a position is the exact opposite of Equal Opportunity. Good job GS. You just made every public company remove the equal opportunity employer verbiage from their applications.
Goldman Sachs did an IPO for one if it's own businesses - GS Acquisition Holdings - less than 18 months ago. There were no diverse board members at IPO and there are none now. Clearly something they've been deeply committed to for a long time
So?
'one diverse' is a hell of a phrase
Penis is diverse.
Only one?
if by diverse you mean a blue collar worker that is no nonsense and super pragmatic then sounds great. otherwise it's still groupthink.
That is a smart move. The world is made up of so many cultural diversities. It don’t make sense thinking like we are still in the 1930’s. We have sharp mindsets in all spheres of diversities and disciplines. I wholeheartedly support it all. Way to go now.
What a complete load of BS
Having a token board member means nothing. It would mean more if Goldman Sachs refused to take companies public unless they pushed diversity initiatives.
Pick me!
Just put an ad out that says 'Looking for anyone but a white guy. Qualifications optional.'
Define diverse; Goldman Sachs has always fired a lot of Indian students (Green Card or Student Visa) straight out of Harvard and Wharton. I recently heard about their policy of interviewing at least one or two diverse people for every job... will be wasting candidate time.
Applauds!!!!!
Wow, only one 🤔😐
Nice thought in theory. Bad in practice and reduces the value of those minorities who actually do belong on a board.
So “woke” of GS.
LoL at 1...and I still don't believe them.
PC culture is a cancer on society. goldmansachs
Token minority.
After all these years and especially with this idiot in the White House now they're concerned.
Read between the lines, people.
jerkoff hand motion so big my shoulder dislocates
Nice thought but that’s not diversity; that’s an outlier.
Wow a whole ONE!
To the best of my knowledge the American citizen is not allowed to discriminate against who they hire but yet a banking system Kanell discriminate against people that don’t think the way they think I’m sorry did I miss something are we no longer in a free country
Like Yoda diverse ?
im a black woman and if anyone needs me to sit on their board i charge 20k a year
That's racist
good.
You misspelled token
One ☝️ that’s it?
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