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Jan. 16, 2022 - Radio Renaissance - Jared Taylor
09:33
Diversity or Else!
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Time Text
Corporate Boards Diversify 00:07:35
Hello, I'm Jared Taylor with American Renaissance.
The internet is trying to make my videos impossible to find.
So if you like what you see, I hope you'll send a link to all of your Democrat friends.
As usual, non-whites know what's best for us.
This guy's name is Jamal Glenn.
And just a few days ago, he wrote an article for the Microsoft Network called Corporate Boards Are Too White, Too Male, and Too Old.
And Jamal has four ways to fix that.
And here's Jessica Gwynn, senior technology writer for USA Today, with a sorrowing article.
Corporations vowed to fight racism after George Floyd, but many still don't have a single black board member.
She says Amazon, Jack in the Box, and Western Union don't have even one black on the board.
How do these companies survive?
Ms. Gwynn does concede that since George Floyd's death, 18.5% of new board members appointed to the top 3,000 U.S. companies have been black.
That's more than their 13% of the population.
But, of course, it's never enough.
And so, she says, there is growing investor pressure to recast overwhelmingly white boards of directors.
Really? Complain that there are no blacks on the board?
No. You see, Ms. Gwynn isn't talking about real investors.
She's talking about the millionaires who run asset management companies.
Cyrus Tarapuravala is one.
He's from India, and he's the boss of State Street Global Advisors, which manages $3.6 trillion.
His company manages other people's money, but if it's in mutual funds, State Street has voting rights on the shares.
If a company doesn't disclose who's on the board, and if there are too many old white men, State Street could vote against company proposals in shareholders' meetings.
Why would it do that?
In an open letter posted at Harvard Law School last year, Mr. Tara Paravella wrote, Racial and ethnic inequity is a systemic risk that threatens lives, companies, communities, and our economy.
Companies with all-white boards are risking death, but they're too stupid to know it, so Mr. Tarapura Valla will save them.
Here's one of his reports called The Board's Oversight of Racial and Ethnic Diversity, Equity, and Inclusion.
That's the debonair, Mr. Tarapura Valla himself.
Talking to women.
It's all about how to put pressure on companies that don't know what's good for them.
There are photographs of 16 people in this report.
Not one is a white man.
In late 2021, Mr. T promised to triple the number of non-white managers in just two years.
State Street might hire one or two white men, but as the London Times explains, there will have to be special approval to hire one of those undesirables.
Is it legal to discriminate against white men?
No. But who cares?
I'm not picking on Mr. T just because he's from India.
Larry Fink is the billionaire who runs BlackRock, which is the biggest asset manager in the world, with $9.5 trillion.
He's also going to bully companies that aren't diverse enough and vote against them.
At BlackRock, he's going to double the number of Black and Latinx top managers.
In 2019, he told his employees, five years from now, we'll have a more diverse company, not just a bunch of white men.
As Larry himself says on the BlackRock website page that explains diversity, we all just want to be respected.
To be treated with dignity, listened to, and heard.
Well, isn't that sweet, unless you're a white guy.
The big investment bank Goldman Sachs announced in 2020 that it won't take a company public if the board isn't diverse.
Needless to say, as two lady professors explain, its push for diversity doesn't go far enough.
People who start companies are such boneheads.
They need people who don't start companies to tell them how to do it.
But don't worry.
The NASDAQ Stock Exchange will solve the problem.
The SEC has approved new rules to require diverse boards for every company listed on NASDAQ, or they'll have to explain why.
SEC Chairman Gary Gensler said these rules reflect calls from investors.
Right. Every year, companies will have to report the sex, race, and ethnicity of board members, and also which way they swing.
A board has to have at least two diverse members.
There's got to be a woman, and the second diversity slot has to be filled with either a non-white or an LGBTQ +, and no twofers.
White guys can't appoint a black lesbian encounter twice.
However, if you're a Silicon Valley company, With a board that is all Asian men, even though they're all the same, they're already halfway to diversity because they're all non-white.
Just pick up a woman or an LGBTQ+.
But there's a loophole.
At least for now, NASDAQ will accept self-reporting on this stuff.
So, I suspect a lot of white guys will now remember that they're part Mexican or Cherokee.
And who's going to check if a board member is bisexual or queer or plus?
I can hear the conversation now.
Come on, Joe.
Just claim to be a poof.
Take one for the team.
And in these gender-fluid times, couldn't I claim to be a woman?
At least on the day we filed the diversity report.
The exchange will help find diverse board members for you.
And this is all going to work out so well the New York Stock Exchange is working on its own diversity requirements.
California, ever the font of foolishness, now has laws that require women and minorities, both sexual and racial, on corporate boards of listed companies.
There's a fine of $100,000 for a first offense and $300,000 for subsequent offenses.
Every missing diversitoid counts as an offense.
So if you miss your quota of three for a second year, the fine is $900,000.
These laws are justified by the claim that diverse boards increase profits, and those old white goofs running companies have to be bludgeoned into improving their earnings.
There is no research that shows blacks or bisexuals or Comanches increase profits.
There's a new legal challenge to these requirements, which may sink them, or which may not, given the way courts work these days.
Discriminating Against White Couples 00:02:09
So, you must have diversity, especially if it means discriminating against white heterosexual men.
They are the only people who are no damn good.
And company directors have power.
Giving power to diversitoids will push the country in even crazier directions.
There was a time when Jews might have been able to claim that they were diverse, but not anymore.
As this headline says, Jews don't count in diversity and inclusion discussions.
Like it or not, you're white, fellas.
So, where does this lead?
Today, in America, you can't have an all-white anything unless it's a secret club.
If you're rich, you can live with other rich people who are mostly white, and some expensive private schools are mostly white, but for the rest of us, good luck.
Marriage is the last bastion of free choice.
90% of white people marry other whites, but it's sure not that way in advertising.
Here's a nice gravestone to white couples in TV commercials.
The last one may have died just last year.
Even Joe Biden has noticed.
Did you ever, five years ago, think every second or third ad out of five or six would be biracial couples?
Maybe more like nine out of ten.
Dating apps are eliminating race filters, so whites can't limit searches to other whites.
But you want to date black people?
No problem.
Here's Black People Meet.
Latino dating?
It's just three clicks away.
If government can make white people hire non-whites, why not shotgun weddings?
Income tax breaks for mixed marriages?
Maybe a $1,000 surcharge on marriage licenses for white couples?
Woke banks could offer cut-rate mortgages to black-white couples who promise to have children.
Woke hospitals could deliver their children for free.
What's to stop them?
In this country, whites, especially white men, are the problem.
From the bedroom...
To the boardroom.
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