Dimon Says He'd Be Cutting 'Stupid' DEI Costs Even Without Trump

bloomberg.com

2 points·blackeyeblitzar··7 comments

Open articleView on HN

Didn't I just read a headline saying the exact opposite of this?

Oh, okay the second sentence kind of contradicts the vibe of the headline.

Article I saw was about a Davos speech:

"Jamie Dimon reaffirmed JPMorgan's DEI commitments after pressure from an activist shareholder."

https://www.businessinsider.com/jamie-dimon-doubles-down-jpm...

Was he in charge when they did those things in the first place?

He's been ceo since 2005 but he had major heart surgery in 2020. They claim he returned to work shortly after, but not sure how much of that was just for the shareholders sake.

Interesting. Apparently the heart surgery was to address “acute aortic dissection”, which is a serious emergency situation wiht a high fatality rate. And he also previously survived throat cancer:

https://nypost.com/2024/04/26/business/jamie-dimon-reveals-n...

It's entirely possible these days for someone his age to return to work after major heart surgery in 6-8 weeks.

A major point of DEI, IMO, is broadening the base of available employees, a benefit to the company and to customers who feel more welcome.

It may have been a point, but it wasn't the result. Instead its loudest proponents used it to create a victim hierarchy along racial lines that certainly did not decrease prejudice.

Worse, it made fun of formerly popular ideas of humanism and replaced those with worse ones. The typical "I don't see color"-critics that may not have thought it through.

Also, the prevalence of employers discriminating along racial lines was very likely very small even before DEI became a thing. It didn't have a sensible focus either.

Reply on news.ycombinator.com