An important update on DEI initiatives
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Doubling down on DEI is good for business
Sad
Doubling down on DEI is good for business
DEI
- Thread starter MTTiger19
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Those were two divergent stock charts long before the DEI announcement. Target has been trending down since 2021, including a 24% drop from April to December last year, before the announcement.
Meanwhile, Costco is a fantastic stock and has been for years. Not saying it has nothing to do with Target's latest decline, but this isn't a super clean comparison.
Maybe so but there's lots of evidence that the actions of both have had an effect.
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Yes, Target's diversity, equity, and inclusion (DEI) initiatives have been a factor in the decline of its stock price. The company's DEI rollbacks have led to a customer backlash, boycott, and lawsuits.
Explanation
- In January 2024, Target reduced hiring targets for minorities and stopped reporting to diversity-focused groups.
- Target's stock price dropped 8.7% after the DEI changes were announced.
- Target is being sued for allegedly hiding the risks of ending its DEI programs.
- The lawsuit claims that Target defrauded shareholders by not warning them that ending DEI policies could cause stock prices to fall.
- The lawsuit also claims that Target concealed the backlash it faced after removing LGBTQ+ merchandise during Pride Month in 2023.
- Target's stock fell again in November 2024 after the company reported disappointing earnings.
Costco's stock has skyrocketed since they rejected anti-DEI efforts.
"More than 98% of Costco shareholders voted down an anti-DEI proposal Thursday at the company's annual shareholders meeting, according to the preliminary vote results."
One important thing in making money in the stock market is to correctly understand what is going on.
If that moron thinks that Targets stock is down because they quit having tranny clothes in their store, they are a special kind of stupid and deserve to lose every penny they invest. No tears.
If anyone wants some good, legitimate advice on the stock market, follow this guy. He is an honest actor and used to be an ex wall street analyst that now publishes on X. He is the real deal, highly recommend.
Don't say i never gave you anything.
Don't say i never gave you anything.
Sure
Yes, Target's diversity, equity, and inclusion (DEI) initiatives have been a factor in the decline of its stock price. The company's DEI rollbacks have led to a customer backlash, boycott, and lawsuits.
Bay Area teen rejected by 16 colleges, hired by Google files racial discrimination lawsuit
After being rejected by 16 colleges, Bay Area teen Stanley Zhong was hired for a PhD-level position at Google. Now, he and his father are suing the University of California for racial discrimination.
He’s saying they weren’t his words but were an AI summary (how I took it at least)
I’m sorry I can’t take responsibility for him not liking what HE posts.
So he posted something, said “where did I post that?” I the copy and pasted from his post that he wrote 2 minutes earlier.
And @dpic73 wonders why he struggles to get to the truth?!???
You said “that moron thinks taking tranny clothes off the shelves is the reason”
Then used a quote that said dropping the entire DEI program (more than just “tranny clothes” FYI) was A FACTOR.
But sure, he’s the one that can’t follow.
I swear you know how nuance works because you use it every time we talk about DOGE and other things Trump/Elon are doing. But anything you read about the other side that is a 2 becomes an 8 or 9.
A great example of how DEI discriminated against qualified people.Bay Area teen rejected by 16 colleges, hired by Google files racial discrimination lawsuit
After being rejected by 16 colleges, Bay Area teen Stanley Zhong was hired for a PhD-level position at Google. Now, he and his father are suing the University of California for racial discrimination.abc7news.com
I can't believe this is where this discussion went.
You said:
West Loop Tom shared a tweet and his only words were "And Costco keeping DEI is up about 20% in that time period."
You followed up with:
There was no mention of tranny clothes anywhere, however, the AI response did have a bullet point about LGBTQ clothes taken down during Pride. The part you copy/pasted was also part of the AI response
This isn't hard
Yep. Not sure how anyone supports letting a less qualified candidate in over a more qualified candidate simply because of the color of their skin.
Do you not find it odd that all those West Coast schools would discriminate based on race? California has a large Asian population and isn't known to be a bastion of discrimination, so there could have been other reasons. DEI policies would give him a better chance, not worse.
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The University of California (UC) system is committed to diversity, equity, and inclusion (DEI) practices, but is reviewing its DEI programs in response to federal pressure.
I do find that curious. I truly wonder in many of these instances what the true story really is outside of the political posturing.
It seems off that 16 schools would reject him, all because of the color of his skin? I wonder what else was going on, also seems potentially intentional on his part since he is part of a group that is politicizing this issue for a lawsuit.
L
You know that the school isn't stupid and they have legal council, I couldn't imagine that they would say something that puts them in that type of legal, or moral/political jeopardy.
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I think it’s pretty well known they have race quotas and Asians experience the most discrimination. That’s because their average qualifications are higher than white/black/hispanic yet they also make up a smaller % of the population.
It was the entire premise of the Harvard lawsuit.
AI overview:
The Students for Fair Admissions (SFFA) lawsuit against Harvard University alleged that Harvard discriminated against Asian Americans in its admissions process. The case went to the Supreme Court, which ruled in favor of SFFA, striking down race-conscious affirmative action in 2023.
Interesting but it's still curious to me that someone with that resume would be turned down by that many colleges - that sounds like the opposite of DEI. Please follow it and keep us updated.
He already has a high level job at Google (without going to college), so I think his college pursuits are over haha.
Yeah, I'm just talking about the lawsuit, I'd like to know how that comes out.
Already done. SCOTUS has ruled that it’s illegal to consider race in admissions, correctly so.
The Supreme Court ruled against Harvard's affirmative action program in June 2023, in a case called Students for Fair Admissions (SFFA) v. Harvard. The ruling effectively bans federally-funded colleges from considering race in admissions.
Feels a little bit like he was trying to create this situation to effect change. Maybe a little similar to the Shannon Faulkner/Citadel issue?
Also, wild that someone with those scores and metrics wouldn't be admitted and that's definitely an issue.
I will say, in a previous life (10 years ago)I worked for a contractor at Furman University and they made some major changes to their admissions process to bring in more metrics other than GPA and Test scores, and to make sure that they were including a more broad picture of the student such as Community activities, clubs,sports etc. I also suspected a lot of the reason was also who could actually afford Furman tuition.
I will say this, I do understand the goal of a University create a more diverse Student Population.
College was a time for many of us where we were able to meet people from different backgrounds, different religious backgrounds, socio economic, etc.
Much of my world view was changed by those interactions.
I don't want to create an inequity, but I don't think the intention was nefarious based on conversations and discussion I was privy too, with high level University officials at a pretty Liberal University.
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The parents have a massively inflated sense of how good a student their little Johnny is.
Also very common lol. I worked at Furman and immediately changed my profession after dealing with those really coddled kids and their Snowplow parents.
For sure. I am 100% of the belief that Asian students have been unfairly discriminated against. At the end of the day these are educational institutions. You can’t take one race’s academic qualification as some kind of gimme, which I think is in effect what’s been the case. To speak in huge generality, the Asian kid has perfect SAT and it’s not enough; the black kid does and he’s a shoo-in.
On the other hand, I think colleges have a legitimate interest in considering student personality, so to speak. Now if you can show that Asian students were still perceived negatively in that regard with equal qualifications, I’d be more inclined to buy the parents’ arguments.
I also appreciate this discussion, this is a topic that has so much nuance and each situation is a little different.
As I said, I'm very convinced that Universities aren't trying to discriminate against racial or sexual groups, in many cases I think it's probably an over-correction from long years of outright discrimination.
Well at least I don’t think they’re doing it for nefarious reasons like you pointed out before.
The question I would pose to a hardcore Asian parent is, if your position is that Asian students are disproportionately qualified academically, are you willing to consider the possibility that they are disproportionately underqualified in other ways?
I suspect the answer would be no
It does make you wonder why Asians would be discriminated against disproportionately.
I honestly haven't done much reading into this since I don't have kids and don't work at the University level any longer.
I think its one of those things that the road of good intentions is paved with the bricks of hell type of deals.
No doubt in my mind that MOST people have good intentions, they wanted to right a past wrong. However, we have way overshot the runway. And when we overshot the runway the psychology of crowds took over.
Not that specific one. It's a topic that honestly doesn't impact me at all so it's not really high on my radar.
I will absolutely admit when I'm not an expert lol. I do have some pretty good understanding of the thought processes at Colleges and Universities as it pertains to enrollment and admissions since the business I was in depended on enrollment for our financial success.
Interesting.
That is the lawsuit i was referencing when you and i were discussing race a few days ago. It has been proven in a court of law that whites and Asians have been discriminated against. The lawsuit that Scotch referenced was the one i was referring to. The decision has been out for a while. I just find it interesting that it never made it across one of your social media feeds.
I am not very active on social media, particularly with politics as so much of it is either outright disinformation or so completely slanted that it may as well be. I prefer to read articles and research topics which I am passionate about, such as Public Education.
I would hesitate about using this case to make a blanket judgement about Whites being broadly discriminated against in America. I am a White,Straight,Christian, Male. Life hadn't exactly been tough for me, I certainly haven't experienced as many doors closed to me as many other groups.
I appreciate this.
But I actually think the correction has overshot the runway in the other direction now has been my general point when discussing DEI. Meaning, I agree that there this was discrimination and that programs that have quotas, etc, should be illegal. But that in an effort to remove all of those programs, there are things that are doing the opposite that are being caught up in it. For example, blind resume reviews that remove certain identifying language in the initial screening process. Would protect a straight white male when applying for places if there was a liberal HR member screening resumes. But because its under the DEI umbrella, it is being thrown out as well.
