The article discusses the recent trend on Wall Street where major financial firms are retracting their commitments to diversity, equity, and inclusion in response to the Trump administration's policies. Notably, Goldman Sachs announced it would eliminate a quota requiring corporate boards to include women and minorities. Other financial institutions are also reducing their efforts to recruit diverse talent. This shift could impact progress made over the last five years, shedding light on a longstanding issue within the financial industry and its history of underrepresentation of women and minorities.
The recent shift in Wall Street's commitment to diversity and inclusion illustrates how financial services are reassessing their policies amid Trump's anti-diversity stance.
Goldman Sachs' decision to eliminate its quota for women and minority representation on boards reflects a broader retreat across the financial industry regarding diversity initiatives.
#wall-street #diversity-and-inclusion #trump-administration #financial-services #corporate-governance
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