I couldn’t think of a more Californian approach to fixing racial inequity. Instead of providing more economic opportunities for minorities to become executives, just make it illegal for the companies to not make them executives. Meanwhile, continue your state tradition of gentrifying diverse neighborhoods and letting techies take over San Francisco and LA.
I think a lot of these dumb laws get pushed through because few people are willing to speak out against them for fear of being mischaracterized. The liberal Democrats are riding the wave of the cultural zeitgeist.