Radio Renaissance - Jared Taylor - Diversity or Else!
Aired: 2022-01-16
Duration: 09:33


=== Corporate Boards Diversify (07:35) ===

[00:00:03]  Hello, I'm Jared Taylor with American Renaissance.
[00:00:07]  The internet is trying to make my videos impossible to find.
[00:00:10]  So if you like what you see, I hope you'll send a link to all of your Democrat friends.
[00:00:15]  As usual, non-whites know what's best for us.
[00:00:19]  This guy's name is Jamal Glenn.
[00:00:22]  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.
[00:00:31]  And Jamal has four ways to fix that.
[00:00:34]  And here's Jessica Gwynn, senior technology writer for USA Today, with a sorrowing article.
[00:00:42]  Corporations vowed to fight racism after George Floyd, but many still don't have a single black board member.
[00:00:50]  She says Amazon, Jack in the Box, and Western Union don't have even one black on the board.
[00:00:56]  How do these companies survive?
[00:00:58]  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.
[00:01:10]  That's more than their 13% of the population.
[00:01:13]  But, of course, it's never enough.
[00:01:16]  And so, she says, there is growing investor pressure to recast overwhelmingly white boards of directors.
[00:01:24]  Really? Complain that there are no blacks on the board?
[00:01:31]  No. You see, Ms. Gwynn isn't talking about real investors.
[00:01:36]  She's talking about the millionaires who run asset management companies.
[00:01:40]  Cyrus Tarapuravala is one.
[00:01:43]  He's from India, and he's the boss of State Street Global Advisors, which manages $3.6 trillion.
[00:01:52]  His company manages other people's money, but if it's in mutual funds, State Street has voting rights on the shares.
[00:01:59]  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.
[00:02:11]  Why would it do that?
[00:02:13]  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.
[00:02:29]  Companies with all-white boards are risking death, but they're too stupid to know it, so Mr. Tarapura Valla will save them.
[00:02:38]  Here's one of his reports called The Board's Oversight of Racial and Ethnic Diversity, Equity, and Inclusion.
[00:02:46]  That's the debonair, Mr. Tarapura Valla himself.
[00:02:49]  Talking to women.
[00:02:50]  It's all about how to put pressure on companies that don't know what's good for them.
[00:02:55]  There are photographs of 16 people in this report.
[00:02:59]  Not one is a white man.
[00:03:02]  In late 2021, Mr. T promised to triple the number of non-white managers in just two years.
[00:03:10]  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.
[00:03:20]  Is it legal to discriminate against white men?
[00:03:24]  No. But who cares?
[00:03:26]  I'm not picking on Mr. T just because he's from India.
[00:03:31]  Larry Fink is the billionaire who runs BlackRock, which is the biggest asset manager in the world, with $9.5 trillion.
[00:03:40]  He's also going to bully companies that aren't diverse enough and vote against them.
[00:03:45]  At BlackRock, he's going to double the number of Black and Latinx top managers.
[00:03:51]  In 2019, he told his employees, five years from now, we'll have a more diverse company, not just a bunch of white men.
[00:04:00]  As Larry himself says on the BlackRock website page that explains diversity, we all just want to be respected.
[00:04:09]  To be treated with dignity, listened to, and heard.
[00:04:13]  Well, isn't that sweet, unless you're a white guy.
[00:04:16]  The big investment bank Goldman Sachs announced in 2020 that it won't take a company public if the board isn't diverse.
[00:04:25]  Needless to say, as two lady professors explain, its push for diversity doesn't go far enough.
[00:04:33]  People who start companies are such boneheads.
[00:04:36]  They need people who don't start companies to tell them how to do it.
[00:04:40]  But don't worry.
[00:04:42]  The NASDAQ Stock Exchange will solve the problem.
[00:04:45]  The SEC has approved new rules to require diverse boards for every company listed on NASDAQ, or they'll have to explain why.
[00:04:55]  SEC Chairman Gary Gensler said these rules reflect calls from investors.
[00:05:02]  Right. Every year, companies will have to report the sex, race, and ethnicity of board members, and also which way they swing.
[00:05:10]  A board has to have at least two diverse members.
[00:05:13]  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.
[00:05:25]  White guys can't appoint a black lesbian encounter twice.
[00:05:29]  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.
[00:05:40]  Just pick up a woman or an LGBTQ+.
[00:05:44]  But there's a loophole.
[00:05:47]  At least for now, NASDAQ will accept self-reporting on this stuff.
[00:05:52]  So, I suspect a lot of white guys will now remember that they're part Mexican or Cherokee.
[00:05:59]  And who's going to check if a board member is bisexual or queer or plus?
[00:06:04]  I can hear the conversation now.
[00:06:07]  Come on, Joe.
[00:06:08]  Just claim to be a poof.
[00:06:10]  Take one for the team.
[00:06:11]  And in these gender-fluid times, couldn't I claim to be a woman?
[00:06:16]  At least on the day we filed the diversity report.
[00:06:20]  The exchange will help find diverse board members for you.
[00:06:24]  And this is all going to work out so well the New York Stock Exchange is working on its own diversity requirements.
[00:06:32]  California, ever the font of foolishness, now has laws that require women and minorities, both sexual and racial, on corporate boards of listed companies.
[00:06:43]  There's a fine of $100,000 for a first offense and $300,000 for subsequent offenses.
[00:06:50]  Every missing diversitoid counts as an offense.
[00:06:54]  So if you miss your quota of three for a second year, the fine is $900,000.
[00:07:00]  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.
[00:07:12]  There is no research that shows blacks or bisexuals or Comanches increase profits.
[00:07:18]  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 (02:09) ===

[00:07:26]  So, you must have diversity, especially if it means discriminating against white heterosexual men.
[00:07:33]  They are the only people who are no damn good.
[00:07:36]  And company directors have power.
[00:07:39]  Giving power to diversitoids will push the country in even crazier directions.
[00:07:45]  There was a time when Jews might have been able to claim that they were diverse, but not anymore.
[00:07:51]  As this headline says, Jews don't count in diversity and inclusion discussions.
[00:07:56]  Like it or not, you're white, fellas.
[00:07:59]  So, where does this lead?
[00:08:01]  Today, in America, you can't have an all-white anything unless it's a secret club.
[00:08:06]  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.
[00:08:17]  Marriage is the last bastion of free choice.
[00:08:21]  90% of white people marry other whites, but it's sure not that way in advertising.
[00:08:27]  Here's a nice gravestone to white couples in TV commercials.
[00:08:31]  The last one may have died just last year.
[00:08:35]  Even Joe Biden has noticed.
[00:08:37]  Did you ever, five years ago, think every second or third ad out of five or six would be biracial couples?
[00:08:45]  Maybe more like nine out of ten.
[00:08:48]  Dating apps are eliminating race filters, so whites can't limit searches to other whites.
[00:08:53]  But you want to date black people?
[00:08:55]  No problem.
[00:08:56]  Here's Black People Meet.
[00:08:58]  Latino dating?
[00:09:00]  It's just three clicks away.
[00:09:02]  If government can make white people hire non-whites, why not shotgun weddings?
[00:09:07]  Income tax breaks for mixed marriages?
[00:09:10]  Maybe a $1,000 surcharge on marriage licenses for white couples?
[00:09:15]  Woke banks could offer cut-rate mortgages to black-white couples who promise to have children.
[00:09:21]  Woke hospitals could deliver their children for free.
[00:09:25]  What's to stop them?
[00:09:26]  In this country, whites, especially white men, are the problem.
[00:09:30]  From the bedroom...
[00:09:32]  To the boardroom.