{"id":12642,"date":"2024-09-15T02:35:50","date_gmt":"2024-09-15T02:35:50","guid":{"rendered":"https:\/\/topat10.com\/?p=12642"},"modified":"2024-09-15T02:35:50","modified_gmt":"2024-09-15T02:35:50","slug":"jamie-dimon-is-still-committed-to-dei-but-says-hes-not-woke","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=12642","title":{"rendered":"Jamie Dimon is still committed to DEI but says he\u2019s not woke"},"content":{"rendered":"\n<p>Executives at <a href=\"https:\/\/fortune.com\/ranking\/fortune500\/\" target=\"_self\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/ranking\/fortune500\/\" data-type=\"link\" data-id=\"https:\/\/fortune.com\/ranking\/fortune500\/\" rel=\"noopener\">Fortune 500 companies<\/a> from <a href=\"https:\/\/fortune.com\/company\/jpmorgan-chase\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/jpmorgan-chase\/\" rel=\"noopener\">JPMorgan Chase<\/a> to <a href=\"https:\/\/fortune.com\/company\/cigna\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/cigna\/\" rel=\"noopener\">Cigna<\/a> Healthcare are reassuring investors that they remain committed to diversity, equity, and inclusion principles, even as mounting attacks on DEI erode certain programs.\u00a0<\/p>\n<div>\n<p>\u201cIt\u2019s good for business; it\u2019s morally right; we\u2019re quite good at it; we\u2019re successful,\u201d JPMorgan Chase CEO Jamie Dimon said at a Council of Institutional Investors conference this week in Brooklyn, New York, explaining that it makes sense for the financial institution to reach out to the Black, LGBTQ, Hispanic, disabled and veteran communities.<\/p>\n<p>The statements come as conservative activists target a range of corporate diversity efforts that they say discriminate against White and male workers. The calls to dismantle corporate DEI initiatives proliferated in part following the Supreme Court\u2019s decision last year curtailing affirmative action in college admissions.\u00a0<\/p>\n<p>Amid the scrutiny, some businesses have downplayed or backed off of certain DEI programs. Companies including <a href=\"https:\/\/fortune.com\/company\/molson-coors-brewing\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/molson-coors-brewing\/\" rel=\"noopener\">Molson Coors<\/a> Beverage Co., Lowe\u2019s Companies Inc., <a href=\"https:\/\/fortune.com\/company\/ford-motor\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/ford-motor\/\" rel=\"noopener\">Ford Motor<\/a> Co. and <a href=\"https:\/\/fortune.com\/company\/harley-davidson\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/harley-davidson\/\" rel=\"noopener\">Harley-Davidson<\/a> Inc. drew attention in recent weeks after walking back some diversity, equity, and inclusion commitments\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-06\/investors-craft-counterattacks-after-influencer-s-anti-dei-blitz\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.bloomberg.com\/news\/articles\/2024-09-06\/investors-craft-counterattacks-after-influencer-s-anti-dei-blitz\" rel=\"noreferrer noopener\">following pressure<\/a>\u00a0from conservative social media influencer Robby Starbuck.\u00a0<\/p>\n<p>Other businesses continue to support DEI programs, but their leaders are talking about them differently, a poll by the Association of Corporate Citizenship Professionals found. Still, there remains a vocal smattering of executives who are telling investors in no uncertain terms that an inclusive workforce is essential for their business.<\/p>\n<p>Being a \u201cred-blooded, full-throated American\u201d doesn\u2019t preclude an understanding that considering diversity is good for business, Dimon declared.<\/p>\n<p>\u201cI\u2019m not interested in other people pointing fingers,\u201d Dimon said, referring to both conservative and liberal criticism concerning corporate diversity efforts. \u201cI\u2019m not \u2018woke\u2019 at all.\u201d\u00a0<\/p>\n<h3 class=\"wp-block-heading\">Language Changes<\/h3>\n<p>Cigna Group\u2019s CEO David Cordani told shareholders at the company\u2019s annual meeting in April that the healthcare company\u2019s DEI initiatives<em>\u00a0<\/em>\u201cadvance our business objectives and how we innovate and create solutions for employees or customers.\u201d And <a href=\"https:\/\/fortune.com\/company\/conocophillips\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/conocophillips\/\" rel=\"noopener\">ConocoPhillips<\/a> CEO Ryan Lance told investors at the oil and gas giant\u2019s annual meeting in May that he believes DEI is \u201caligned with shareholder value and improved financial performance.\u201d<\/p>\n<p><a href=\"https:\/\/fortune.com\/company\/mastercard\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/mastercard\/\" rel=\"noopener\">Mastercard<\/a> Inc. Chief Administrative Officer Tim Murphy said at the company\u2019s annual meeting this summer that the payment services business remains \u201ccommitted to creating a global corporate environment where all people are treated equally and fairly and have equal access to opportunities and advancement.\u201d<\/p>\n<p>\u201cThat helps bring great talent in and retain it here,\u201d Murphy said, also emphasizing the importance of \u201cdifferent perspectives that inform the ideas we bring to life.\u201d<\/p>\n<p>CEO leadership is crucial to a company\u2019s DEI success, according to a\u00a0<a href=\"https:\/\/www.elcinfo.com\/news-and-insights\/the-elc-special-report-insights-and-advice-on-diversity-equity-and-inclusion-from-top-black-executives-in-corporate-america\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.elcinfo.com\/news-and-insights\/the-elc-special-report-insights-and-advice-on-diversity-equity-and-inclusion-from-top-black-executives-in-corporate-america\/\" rel=\"noreferrer noopener\">June report<\/a>\u00a0from The Executive Leadership Council, a non-profit that champions Black executives.<\/p>\n<p>But the way corporate America speaks about diversity appears to be shifting. About one-third of 126 companies surveyed for the Corporate Citizenship Professionals report published in August said they have adjusted their language describing DEI projects this year, and 17% said they had reduced external communication on diversity initiatives.\u00a0<\/p>\n<p>Their core efforts aren\u2019t changing, however: 83% of the businesses said their initiatives remain the same, according to the study.<\/p>\n<p>In some cases, DEI is getting a rebrand. The Society for Human Resource Management, the world\u2019s largest HR association, caused a stir in July when the group announced that it\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-12\/hr-world-in-uproar-over-dei-after-industry-group-drops-equity\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.bloomberg.com\/news\/articles\/2024-07-12\/hr-world-in-uproar-over-dei-after-industry-group-drops-equity\" rel=\"noreferrer noopener\">dropped the \u201cE\u201d for equity<\/a>\u00a0from what it previously called \u201cIE&amp;D\u201d to \u201caddress the current shortcomings of DE&amp;I programs, which have led to societal backlash and increasing polarization.\u201d<\/p>\n<p>Some businesses have\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-01\/uber-citi-among-us-companies-dropping-anti-racist-tag-with-dei-backlash\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.bloomberg.com\/news\/articles\/2024-03-01\/uber-citi-among-us-companies-dropping-anti-racist-tag-with-dei-backlash\" rel=\"noreferrer noopener\">even removed<\/a>\u00a0DEI terms like \u201canti-racist\u201d and \u201cunconscious bias\u201d from their securities filings this year, according to Bloomberg News.<\/p>\n<p>Companies broadly are not backing away from their efforts, however, said Joanna Colosimo, vice president of workforce equity and compliance strategy at DCI Consulting. Businesses Colosimo advises are examining their workforce data to zero in on how they\u2019re hiring, promoting, and firing employees to understand what policies and practices could be creating barriers.<\/p>\n<p>\u201cThere are companies that are committed to this body of work, and you might not be hearing about it on a flashy webpage,\u201d she said.<\/p>\n<h3 class=\"wp-block-heading\">Conservative Pressure<\/h3>\n<p>A growing group of companies listed DEI as a \u201crisk factor\u201d in their securities filings earlier this year, citing potential harm to their business from taking too much or too little action on diversity. Those companies also highlighted DEI in the filings as pivotal to their financial success.<\/p>\n<p>Conservative activists including former Trump advisor Stephen Miller, who leads an advocacy group called America First Legal, have filed bias litigation and asked the US Equal Employment Opportunity Commission to investigate DEI policies at companies including department store chain Macy\u2019s Inc. Some businesses like pharmaceutical giant <a href=\"https:\/\/fortune.com\/company\/pfizer\/\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/company\/pfizer\/\" rel=\"noopener\">Pfizer<\/a> Inc. have made changes to the eligibility language in their diversity programs following lawsuits.<\/p>\n<p>There\u2019s still a chance that companies that have made recent statements championing diversity could change their tune, said Scott Shepard, general counsel at the National Center for Public Policy Research, a conservative think tank that has consistently criticized corporate DEI initiatives at recent annual meetings. \u201cThey might have meant it then, but might have thought better now,\u201d he said.<\/p>\n<p>The reverse could also be true, though. Shareholder groups are\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-06\/investors-craft-counterattacks-after-influencer-s-anti-dei-blitz\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.bloomberg.com\/news\/articles\/2024-09-06\/investors-craft-counterattacks-after-influencer-s-anti-dei-blitz\" rel=\"noreferrer noopener\">considering options<\/a>\u00a0to push companies to reinstate diversity commitments at businesses that recently backpedaled on their initiatives.<\/p>\n<p>Companies \u201cturning on and off their commitments so quickly really makes plain that that commitment wasn\u2019t really there in the first place,\u201d said Portia Allen-Kyle, chief advisor at activist group Color of Change and a former senior advisor for equity, policy, and stakeholder engagement at the US Department of Transportation\u2019s Office of Civil Rights.<\/p>\n<p>While it\u2019s important to pay attention to how companies speak about diversity, there\u2019s also not nearly enough scrutiny on action companies take behind the scenes, for example through political spending, Allen-Kyle said.<\/p>\n<p>\u201cThe worst thing that can happen is for folks to be silent and to give the impression that initiatives such as these are not worthwhile,\u201d she said.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Executives at Fortune 500 companies from JPMorgan Chase to Cigna Healthcare are reassuring investors that they remain committed to diversity, equity, and inclusion principles, even as mounting attacks on DEI erode certain programs.\u00a0 \u201cIt\u2019s good for business; it\u2019s morally right; we\u2019re quite good at it; we\u2019re successful,\u201d JPMorgan Chase CEO Jamie Dimon said at a [&hellip;]<\/p>\n","protected":false},"author":590,"featured_media":12643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[123],"tags":[],"class_list":["post-12642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jamie Dimon is still committed to DEI but says he\u2019s not woke | Unlock Informed Choices with Us<\/title>\n<meta name=\"description\" content=\"\u201cIt\u2019s good for business; it\u2019s morally right; we\u2019re quite good at it; we\u2019re successful,\u201d Dimon said at a conference this week in Brooklyn.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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