‘The last time Goldman Sachs tried its hand at regulation it led to the 2008 financial crash which caused economic catastrophe across the world, the results of which are still felt today.
Now it’s turning its hand to social justice, with the absurd idea declaration that it will no longer back Initial Public Offerings from companies whose boards are occupied solely by straight white men.
This ultimatum was delivered with a straight face by the bank’s CEO David Solomon to an audience of head-nodding social justice warriors masquerading as the billionaire and millionaire capitalists of this world on their annual, self-congratulatory festival of money-bathing in Davos, where they plot and scheme to tell the rest of us how we should live our lives.
Solomon told his audience that from July 1 this year in US and Europe, Goldman Sachs will not take a company public unless it has at least one diverse board candidate, with a focus on women.
So what about Bulgaria? That’s a European nation known for good tech ideas and skilled workforce, but certainly less diverse, in terms of colour than the countries of western Europe.
Would this banking guardian of the world’s minorities really refuse to back a unicorn because a standout Bulgarian start-up lacked a non-white face on it’s board? What a crock.
It is tokenism posing as virtue. Woke notions as affirmative action.’
Read more: You know social justice has become a corporate joke when Goldman Sachs are enforcing boardroom gender & race quotas