NEW YORK - Leaders at one of the largest investment firms in the world, State Street Global Advisors, will need to ask permission to hire white men as it rolls out a diversity hiring initiative.

"This is now front and central for State Street — it’s on every senior executive’s scorecard," said Jess McNicholas, the bank’s head of inclusion, diversity, and corporate citizenship in London, according to the Sunday Times.

"All of our leaders have to demonstrate at their annual appraisals what they have done to improve female representation and the number of colleagues from ethnic-minority backgrounds."

The company aims to triple the number of Black, Asian and other minority staff in senior positions by 2023, the Sunday Times reported. If executives don’t meet the target, they will face lowered bonuses.

Recruiters will now have to establish panels of four or five employees, including a woman and a person with a minority background, when hiring middle management staff.

The firm will still hire white men, McNicholas said, but recruiters are required to show that women and minority applicants were interviewed by the panels.

The company is pledging to "hold ourselves accountable for strengthening black and Latinx owned businesses."

State Street Corporation is based out of Boston and was founded in 1792. It currently has just nearly 40,000 employees over 30 offices worldwide.

State Street previously made headlines in 2017 when it commissioned the statue of a girl staring down Wall Street’s "Charging Bull" sculpture for International Women’s Day. The sculpture, known as the "Fearless Girl Statue," was later moved to the New York Stock Exchange building after complaints from the sculptor of the Charging Bull.

https://www.fox5ny.com/news/one-of-worlds-largest-investment-firms-will-need-permission-to-hire-white-men

There's two potential outcomes here;

1) A flight to mediocrity.
2) Business as usual.

In 2016 the FANG companies all made giant public promises to hire more of the negros. They established entire offices to go and find and hire these amazing negros that had been the victims of all this discrimination for hundreds of years. In 2021, someone had the balls to actually check on their progress with all these promises. Three of the four companies had FEWER negros working for them and one was about a half point higher - around 2.4%. Their response - "we are redoubling our efforts and getting VERY SERIOUS about this matter going forward."

LOL.

Feel the virtue signal. Embrace the virtue signal.

I'm withdrawing all my assets from any funds that use State Street Global Advisor. I want the best person to manage my money, not some hood rat "woke" hire. Also I don't do business or buy from woke companies or ones that advertise "Black Owned" or "Woman Owned" fuck that, I want the best with no dumb down of the standards.
Woke is Broke.

Working in an investment firm is one of the easiest and pointless jobs in the world. You could train a chimp to do it. Anyone who thinks otherwise doesn’t know shit and watches too many movies. They will fit in nicely there.

And all you chickenfuckers that are out protesting fossil fuels need to go on record with your name and address.

If you're so against them, stop using them. No more propane or gasoline or electricity from fossil fuels. You assholes shouldn't be allowed to use any of it.

And again this year, do you know how many people gathered in Scotland to talk about how horrible global warming is - that arrived there and left via private jet?