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Corporates should embrace common sense amid anti-woke backlash
The diversity, equity and inclusion movement is on the ropes as businesses go back to basics.
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Walmart has dialled back on diversity, equity and inclusion, or DEI, measures.
PHOTO: BLOOMBERG
DeeperDive is a beta AI feature. Refer to full articles for the facts.
As a sign of the pushback against progressiveness, look no further than the formation of a new fund unveiled on Dec 5 by US asset management firm Azoria Partners seeking to raise US$1 billion (S$1.34 billion) by end-2025.
Its coverage? S&P 500 index companies, with the exception of those with diversity, equity and inclusion (DEI) measures. Starbucks has been singled out.
