{"id":9319,"date":"2024-01-05T09:50:47","date_gmt":"2024-01-05T09:50:47","guid":{"rendered":"https:\/\/topat10.com\/?p=9319"},"modified":"2024-01-05T09:50:47","modified_gmt":"2024-01-05T09:50:47","slug":"in-billionaires-brawl-over-dei-bill-ackman-knocks-mark-cubans-rebuttal-to-elon-musk-i-fell-for-the-same-trap","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=9319","title":{"rendered":"In billionaires\u2019 brawl over DEI, Bill Ackman knocks Mark Cuban\u2019s rebuttal to Elon Musk: \u2018I fell for the same trap\u2019\u00a0"},"content":{"rendered":"\n

Billionaires are duking it out on X<\/a> over diversity, equity, and inclusion (DEI) efforts.<\/p>\n

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On Wednesday, Tesla<\/a> CEO Elon Musk, the world\u2019s richest man, wrote<\/a>: \u201cDEI is just another word for racism. Shame on anyone who uses it.\u201d<\/p>\n

That was in support of a long post<\/a> by hedge fund billionaire Bill Ackman on the reasons he pressured<\/a> Harvard president Claudine Gay to resign, as she announced she would<\/a> earlier this week. Ackman, CEO of Pershing Square Capital Management, is a Harvard alum and prominent donor to the university.\u00a0<\/p>\n

Gay received intense criticism last month for her answers to lawmakers over anti-Semitism on campus following the Oct. 7 attack by Hamas on Israel. Specifically, she failed to condemn calls for genocide against Jews as a violation of university policy. That was followed by allegations by conservative activists that she had committed plagiarism in her academic work, and suggestions that she had been unqualified for the role of president, which she assumed last July, in the first place.<\/p>\n

\u201cIt was a thinly veiled exercise in race & gender when they selected Claudine Gay,\u201d entrepreneur and GOP presidential candidate Vivek Ramaswamy, a Harvard alum, posted<\/a> to X on Tuesday. \u201cHere\u2019s a radical idea for the future: select leadership based on *merit.*\u201d<\/p>\n

When an X user responded<\/a> to Musk by questioning whether DEI qualifies as racism, Musk countered<\/a>: \u201cDiscrimination on the basis of race, which DEI does, is literally the definition of racism.\u201d\u00a0<\/p>\n

At this point, another billionaire weighed in: Mark Cuban, the Shark Tank<\/em> star and Dallas Mavericks owner (last month he sold his majority stake<\/a> in the NBA team to families linked to Sheldon Adelson, the late Las Vegas casino magnate).\u00a0<\/p>\n

\u201cLet me help you out and give you my thoughts on DEI,\u201d he responded<\/a> to Musk.\u00a0<\/p>\n

\u201cGood businesses look where others don\u2019t, to find the employees that will put your business in the best possible position to succeed,\u201d he continued. \u201cYou may not agree, but I take it as a given that there are people of various races, ethnicities, orientation, etc., that are regularly excluded from hiring consideration. By extending our hiring search to include them, we can find people that are more qualified. The loss of DEI-phobic companies is my gain.\u201d<\/p>\n

Ackman responded to Cuban, writing<\/a>:\u00a0<\/p>\n

\u201cThat\u2019s exactly what I thought until I did the work. I encourage you to do the same and revert. DEI is not about diversity, equity, or inclusion. Trust me. I fell for the same trap you did.\u201d<\/p>\n

Musk replied<\/a> to Ackman with \u201cYup.\u201d\u00a0<\/p>\n

Musk, who owns X, has been a frequent critic of DEI in recent weeks. In mid-December, he wrote<\/a>: \u201c\u2018Diversity, Equity and Inclusion\u2019 are propaganda words for racism, sexism and other -isms. This is just as morally wrong as any other racism and sexism. Changing the target class doesn\u2019t make it right!\u201d<\/p>\n

(The U.S. Equal Employment Opportunity Commission filed a lawsuit<\/a> against Tesla in September alleging it failed to probe complaints of racist conduct and has fired or retaliated against employees who reported harassment. In other such cases, Tesla has said that it doesn\u2019t tolerate discrimination and takes such complaints seriously.)<\/p>\n

Ackman, in a similar vein, wrote<\/a> on Wednesday: \u201cDEI is racist because reverse racism is racism, even if it is against white people (and it is remarkable that I even need to point this out).\u201d<\/p>\n

In her resignation note, Gay wrote<\/a>, \u201cIt has been distressing to have doubt cast on my commitments to confronting hate and to upholding scholarly rigor\u2014two bedrock values that are fundamental to who I am\u2014and frightening to be subjected to personal attacks and threats fueled by racial animus.\u201d<\/p>\n<\/div>\n

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