by Samantha Foster
One of the largest and most profitable financial megabanks in the world will now require that managers get “special permission” to hire White males in the company.
Whatever happened to basing a man or woman’s worth on their character and abilities rather than on the color of their skin or their sex?
Racism doesn’t solve racism.
Over the weekend it’s being reported that one of the largest investment firms in the world will mandate that before white males are hired, their hire must be approved by some higher-ups.
Leaders at one of the largest investment firms in the world, State Street Global Advisors, will need to ask permission to hire White men as it rolls out a diversity hiring initiative.
“This is now front and central for State Street — it’s on every senior executive’s scorecard,” said Jess McNicholas, the bank’s head of inclusion, diversity and corporate citizenship in London, according to the Sunday Times.
“All of our leaders have to demonstrate at their annual appraisals what they have done to improve female representation and the number of colleagues from ethnic-minority backgrounds.”
The company aims to triple the number of Black and other minority staff in senior positions by 2023, the Sunday Times reported. If executives don’t meet the target, they will face lowered bonuses.
Recruiters will now have to establish panels of four or five employees, including a woman and a person with a minority background, when hiring middle management staff.
The company is pledging to “hold ourselves accountable for strengthening black and Latinx owned businesses.”
State Street Corporation is based out of Boston and was founded in 1792. It currently has just nearly 40,000 employees over 30 offices worldwide.
This is simply outrageous.
Martin Luther King Jr in his “I have a dream” speech shared the following:
I have a dream that one day on the red hills of Georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood. I have a dream that one day, even the state of Mississippi, a state sweltering with the heat of injustice, sweltering with the heat of oppression, will be transformed into an oasis of freedom and justice. I have a dream that my four little children will one day live in a nation where they will not be judged by the color of our skin, but by the content of that character. I have a dream today.
Instead of adhering to Martin Luther King Jr’s speech, Americans are being subjected to a new kind of racism, covered with the lie that being racist against white males will somehow help solve the problem of racism.