Citigroup Joins Corporate Retreat From DEI (Connecting the Dots: Citigroup, JPMorgan Chase, Goldman Sachs, The Brookings Institution (think tank) & Soro Funding, All Networking)
Newsmax.com
Thursday,
20 February 2025 04:19 PM EST
https://www.newsmax.com/finance/streettalk/citigroup-dei-end/2025/02/20/id/1199879/
Citigroup will no longer require a diverse slate of candidates
for job interviews, its CEO said in a memo Thursday, as corporate America
contends with a new business climate under President Donald Trump.
The
bank will not have "aspirational representation goals" except as
required by local law, CEO Jane Fraser said. It will also change the name of
the "Diversity, Equity and Inclusion and Talent Management" team to
"Talent Management and Engagement."
Since
taking office, Trump has attempted to dismantle diversity, equity and inclusion
(DEI) programs in the federal government and the private sector. In response,
several major companies are scaling back their diversity commitments.
Earlier
this month, Goldman Sachs canceled a
four-year-old policy of exclusively taking public companies with at least two
diverse board members. Last week, JPMorgan Chase also said it
expects to face criticism over some of its DEI practices.
Wall
Street has long grappled with diversity challenges. But even before Trump took
office, some big corporations were already facing pressure from conservative
groups to scale back their DEI policies.
"It
is important to note that we're living in an environment where things are
changing quickly," Fraser wrote, adding that the bank will still encourage
"the best practice of having a variety of perspectives included in hiring
decisions."
Connecting
the Dots:
George Soros was the chairman
for the Foundation to Promote Open Society.
Foundation to Promote Open Society was a funder
for the Brookings Institution (think tank).
Judith Rodin was
an honorary trustee at the Brookings
Institution (think tank), and is a director at Citigroup Inc.
Joan E. Spero was
an honorary trustee at the Brookings Institution (think tank) and
is a director at Citigroup Inc.
Ann Dibble Jordan is
an honorary trustee at the Brookings Institution (think tank), and
was a director at Citigroup Inc.
Charles O.
Prince III was a trustee at the Brookings Institution (think
tank) and the chairman & CEO for Citigroup Inc.
Klaus
Kleinfeld is a trustee at the Brookings Institution (think
tank) and was a director at Citigroup Inc.
Lawrence H.
Summers was a trustee at the Brookings Institution (think
tank) and is a consultant for Citigroup Inc.
Geoffrey T. Boisi is
an honorary trustee at the Brookings Institution (think tank), and
was the vice chairman for JPMorgan Chase & Co.
Crandall C. Bowles is
a trustee at the Brookings Institution (think tank) and a director
at the JPMorgan Chase & Co.
Ellen V. Futter is
a trustee at the Brookings Institution (think tank) and was a
director at the JPMorgan Chase & Co..
Foundation to Promote Open Society was a funder for
the Brookings Institution (think tank).
George Soros was the chairman
for the Foundation to Promote Open Society.
John C. Whitehead is an honorary trustee at the Brookings
Institution (think tank) and was a co-chairman & senior partner for
the Goldman Sachs Group Inc.
Tracy R.
Wolstencroft is a trustee at the Brookings Institution (think
tank) and an advisory director for the Goldman Sachs Group Inc.
Richard L.
Kauffman was a trustee at the Brookings Institution (think
tank) and a group chairman for the Goldman Sachs Group Inc.
John L. Thornton is
the chair for the Brookings Institution (think tank) and was the
president & COO for the Goldman Sachs Group Inc.
Abby Joseph Cohen was
a trustee at the Brookings Institution (think tank) and is a senior
investment strategist for the Goldman Sachs Group Inc.
Geoffrey T. Boisi is
an honorary trustee at the Brookings Institution (think tank) and
was a general partner at the Goldman Sachs Group Inc.
Mario Draghi is
an honorary trustee at the Brookings Institution (think tank) and
was a managing director at the Goldman Sachs Group Inc.
Suzanne Nora
Johnson is a trustee at the Brookings Institution (think tank)
and was the vice chair for the Goldman Sachs Group Inc.
James A. Johnson is
an honorary trustee at the Brookings Institution (think tank) and a
director at the Goldman Sachs Group Inc.
Resources:
Past Research
Bank
of America Reaches $17 Billion Mortgage Settlement with US (Past Research on Citigroup Inc.)
Friday,
August 22, 2014
https://thesteadydrip.blogspot.com/2014/08/bank-of-america-reaches-17-billion.html
9,000
jobs to go at Lloyds: Taxpayer-backed bank slashes a TENTH of its workforce and
shuts 200 branches (Past Research on JPMorgan Chase
& Co.)
Tuesday,
October 28, 2014
https://thesteadydrip.blogspot.com/2014/10/9000-jobs-to-go-at-lloyds-taxpayer.html
Blankfein:
Clearing houses 'terrific' (Past Research on the Goldman
Sachs Group Inc.)
Wednesday,
October 30, 2013
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