Fund Opposing DEI-Hiring Goals Targets Nike, Kraft and Autodesk
Source: Bloomberg
Fund Opposing DEI-Hiring Goals Targets Nike, Kraft and Autodesk
(Bloomberg) -- A new investment fund that plans to oppose corporate DEI hiring goals is taking aim at Nike Inc., Kraft Heinz Co. and Autodesk Inc.
Azoria Partners fund says it will avoid S&P 500 companies with specific diversity, equity and inclusion hiring objectives when it opens in March. Nike, Kraft Heinz and Autodesk fall into this category, according to an internal memo from the fund seen by Bloomberg News.
Co-founder James Fishback said earlier this month during Azorias launch at President-elect Donald Trumps Mar-a-Lago resort that he has already spoken with Starbucks Corp. about their DEI targets.
Black, indigenous, people of color and Hispanic Americans are plenty qualified on their own, Fishback, 29, said in an interview, adding that his mother is Hispanic. They dont need handouts. They dont need shortcuts.
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Robby Starbuck, the music-video-director-turned-right-wing-provocateur, is among the most vocal opponents of the DEI movement. He has pushed more than a dozen companies, including Walmart Inc., Toyota Motor Corp. and Harley-Davidson Inc., to change their DEI programs in the past year.
Read more: https://finance.yahoo.com/news/fund-opposing-dei-hiring-goals-150000259.html
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Scrivener7
(53,216 posts)cadoman
(972 posts)It's vomitous that a fund like this even exists.
Heaven forbid that oppressed peoples have a fair shot at "white jobs".
CurtEastPoint
(19,229 posts)lonely bird
(1,972 posts)Make them illegal.
These people serve no purpose. They consume resources and produce nothing. They are viruses and must be treated as such.
Bernardo de La Paz
(51,286 posts)... they may get a large portion of their customers being MAGA suckers who will pay a bit more and get a bit less return for the privilege of "owning the libs" by not owning their stocks.