Goldman Sachs Scrapping Racist Policy That Said Company Wouldn’t Take Businesses Public That Had All-White, Male Boards

Read MoreGoldman Sachs Group Inc. is scrapping a pledge it made to refuse initial public offering (IPO) business from companies that had fully white, male boards, Bloomberg reported on Tuesday.

The major investment bank had implemented a policy in 2020 that required it to only take a company public in the U.S. or Western Europe if it had two diverse board members, one of which must be a woman, Bloomberg reported. Goldman Sachs deciding to abandon the diversity pledge comes amid reports of conservative activists calling for several Wall Street giants to revoke policies related to diversity, equity and inclusion (DEI).

This post was originally authored and published by Daily Caller News Foundation from Tennessee Star via RSS Feed. Join today to get your news feed on Nationwide Report®.