"Megan Hogan, Goldman's global co-head of talent, who joined the firm nearly 12 years ago and held the title of chief diversity officer until early 2025, left in January for Morgan Stanley, several people familiar with the matter said. Hogan also confirmed the move via email on Tuesday, telling Business Insider that Morgan Stanley had extended her an amazing opportunity in talent development, which will begin when her garden leave expires."
"Like other Wall Street banks, Goldman Sachs spent years investing in workforce diversity initiatives, and Hogan was one of its most prominent faces focused on social impact issues. But when President Donald Trump returned to power last January, he issued an executive order ending DEI programming at government agencies and urging companies to follow suit."
"Goldman, like many of its peers, has since taken steps to scrub DEI language from public-facing materials. Earlier this month, the bank also agreed to remove race, gender identity, and sexual orientation from its board-member selection criteria following pressure from a conservative shareholder group."
Megan Hogan, who served as Goldman Sachs' global co-head of talent and chief diversity officer for nearly 12 years, left the firm in January to join Morgan Stanley as head of talent development. Her departure reflects broader Wall Street pullback from diversity, equity, and inclusion initiatives following President Trump's executive order ending DEI programming at government agencies. Goldman Sachs has since removed DEI language from public materials, eliminated race and gender criteria from board-member selection processes under pressure from conservative shareholders, and stopped highlighting specific DEI targets in annual reports. Hogan's exit exemplifies the shifting corporate landscape regarding diversity commitments.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]