JPMorgan, Goldman Sachs resist calls to roll back diversity - "Bring them on"

[newdeal2]

JPMorgan, Goldman Sachs resist calls to roll back diversity

JPMorgan Chase & Co. and Goldman Sachs Group Inc. are pushing back on demands to roll back their diversity initiatives.

In television appearances Wednesday, the chief executives of the two New York-based firms said they’re going to continue to focus on programs to promote diversity, equity and inclusion in their workforces and customer bases even as shareholder activists push them to change course.

“Bring them on,” JPMorgan CEO Jamie Dimon said in a CNBC interview at the World Economic Forum in Davos, Switzerland.

Dimon said that working to include marginalized groups in JPMorgan’s business is good for its bottom line and that he regularly receives praise for the bank’s DEI efforts from community leaders and local government officials across the country. “We’re going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community,” he said.

Some kudos to them for having common sense and not just going with the MAGA flow.

[Skittles]

1. never thought I'd be thanking Mr. Dimon

but....kudos to him for this

[elleng]

2. Good to see, but think I just/recently heard the opposite from dimon.

[Boomerproud]

4. He's all in on raising tariffs, saying just get over it.

nt

[Baron2024]

3. Good News

This is some of the best news that I have heard these past couple of days. I thought the rich and the powerful have all decided to kowtow to Trump and his MAGA gang, like Bezos and Zuckerberg. So it is good to see some resistance from a business leader. We need more of this from all sectors of the economy and American society.

[newdeal2]

5. There are some hopeful signs elsewhere

Apple, Microsoft Defend DEI as Big Tech Rivals Back Down

Costco Rejects Shareholder Proposal to Scale Back DEI