To be clear, Diversity, Equity, and Inclusion (DEI) initiatives drew heavily on radical Marxist theory and systematically displaced merit-based standards with unproductive, identity-driven politics. What corporate America marketed as a governance priority proved to be a short-lived ideological fad. Most S&P 100 companies are now dumping explicit diversity criteria from their board-selection policies amid growing recognition that mandates conceived in far-left academic institutions prioritized social engineering over productivity, competitiveness, and preserving America's economic dominance.
Bloomberg News cited a new report from research firm ESGAUGE that showed that 61 S&P 100 companies have removed explicit diversity requirements from their director-selection policies, marking a sharp reversal from three years ago.
This means these companies have removed explicit references to gender, race, ethnicity, and underrepresented groups from their board-selection criteria. Apple, Alphabet, Amazon, Starbucks, and Wells Fargo are among those that eliminated the woke provisions.
The reversal suggests that DEI's cancer-like spread across corporate America during the Marxist riots of 2020 was less a durable governance reform and more an act of corporate self-sabotage.
The retreat signals growing recognition that policies rooted in radical Marxist ideology weakened merit-based decision-making and prove
