- Joined
- Aug 21, 2009
- Messages
- 18,147
- Reaction score
- 6,536
- Location
- Pindostan
- Gender
- Male
- Political Leaning
- Other
I follow business news a lot, and recently I’ve noticed a pattern in which some major corporations have downplayed or reduced their participation or alignment with organizations that promote Diversity, Equity, and Inclusion (DEI). Today, I connected two common threads: corporations that choose to end their participation in the Corporate Equity Index, sponsored by the pro-LGBTQ+ organization Human Rights Campaign, and a gentleman named Robby Starbuck, who seems to harbor a particular animus towards this group.
Earlier this afternoon I noticed that one of my investments, Molson Coors, rose 5.5% on a day in which the Dow Jones Industrials and NASDAQ got clobbered. When I went to see news on the company that could possibly explain why this occurred, the only news item I saw was from MT Newswires saying the company was dropping some corporate diversity programs. Within the body of the article a particular name appeared:
Honestly, I had never heard of this guy before today, but I have a feeling this won’t be the last time his name comes up.
Earlier this afternoon I noticed that one of my investments, Molson Coors, rose 5.5% on a day in which the Dow Jones Industrials and NASDAQ got clobbered. When I went to see news on the company that could possibly explain why this occurred, the only news item I saw was from MT Newswires saying the company was dropping some corporate diversity programs. Within the body of the article a particular name appeared:
03:37 PM EDT, 09/03/2024 (MT Newswires) -- Molson Coors Beverage (TAP) is scrapping some of its corporate diversity programs, joining other major corporations in pulling back from diversity, equity and inclusion policies, Bloomberg reported Tuesday, citing a company memo.
The Coors beer maker reportedly told employees that it would no longer tie executive compensation to diversity representation, abandon supplier diversity goals, and end participation in the Human Rights Campaign's Corporate Equality Index.
Conservative activist Robby Starbuck said that Molson Coors Beverage's decision to implement these changes came after he threatened to expose the company's diversity, equity and inclusion policies, according to a Tuesday post on his X social media account.
Honestly, I had never heard of this guy before today, but I have a feeling this won’t be the last time his name comes up.
Last edited: