Eagerly discriminated against at
State Street Global Advisors
“Segregation today, segregation tomorrow, segregation forever!” Not only has the investment firm State Street Global Advisor, one of the largest in the world, decided that white men must be considered last in any hiring decision, the company has installed a race- and sex-based apartheid system designed to favor those groups in all matters.
The company aims to triple the number of Black, Asian and other minority staff in senior positions by 2023, the Sunday Times reported. If executives don’t meet the target, they will face lowered bonuses.
Recruiters will now have to establish panels of four or five employees, including a woman and a person with a minority background, when hiring middle management staff. The firm will still hire white men, [said Jess McNicholas, the bank’s head of inclusion, diversity and corporate citizenship in London,] but recruiters are required to show that women and minority applicants were interviewed by the panels.
The company is pledging to “hold ourselves accountable for strengthening black and Latinx owned businesses.”
The comments to this policy at the link are astonishing in their almost uniform hostility to this discriminatory policy. This is a typical comment:
Well, if this is a main focus of theirs, one of my main focuses is to avoid doing any business with them. After all, what they’re doing is not exercising diversity, it’s exercising racism by focusing on skin color instead of the ability to do the job.
Numerous comments state that they are taking their business elsewhere, that State Street’s focus on race likely means it is no longer focused on its main job, making money for its investors. And even if it says it still is, its criteria for hiring now means it no longer considers talent and brains that important. Instead, the skin color or sex matters of new employees matters more.
Why would anyone risk their money with this company? You’d be a fool to do so.
Other comments also note the illegality of this policy. It violates numerous anti-discrimination laws. It won’t be long before they find themselves losing numerous court cases when those who have been discriminated against begin suing.
None of this however apparently matters to the “woke” management at State Street. Race and gender are now all that matters to them, and if it means the company will lose customers because of this policy so be it. Better to favor the “correct” races and sexes rather that treat everyone equally.
The most frightening aspect of this story is that State Street’s actions are not the exception but the rule. Throughout corporate America upper management is installing similar discriminatory policies, all establishing that certain races and sexes must be favored over others. And they are doing it with an iron fist. If you protest, you will find yourself likely fired or frozen out of any promotions or bonuses.
Welcome to modern America, a land of apartheid, oppression, and bigotry, all imposed with the blind faith in good intentions.
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