The death of DEI, ESG and other like programs

[iris lilies]

in another thread a few days ago, I ask about the current status of E.S.G.* investing, if that is still a thing.

last week this book was published:

Last Call for Bud Light: the fall and future of America’s faborite beer by Anson Freicks, a former executive at Anheuser Bush.

I’ve heard one thorough interview of this guy and immediately went out and bought the book because he traces the history of E.S.G. ratings and companies that focused on those ratings, why and how that was carried out and how it all affected the fall of Budweiser light beer.

Great timing for me! And honestly great timing for the author because it appears that companies going forward with stronger DEI programs or any DEI program at all, are diminished in number.

He left AB in 2022 less than a year before the Bud Light fiasco. He has great insider information about the culture there, how and why Executives left St. Louis for New York and changed their company values, and the blunders the company made after Dylan Mulvaney ad campaign and he talked about who would’ve been making those decisions and why.

apparently the Brazilian Belgians (or is it the Belgian Brazilians?) who own the company have European sensibility and were not going to pull back back from Dylan Mulvaney, or apologize to their core customers they alienated. When the president of Bud Light went on his apology tour of the United States, giving Non apologies, this author claims he was told the exact script to say, and there was definitely a “no apology “theme.

* Environmental, Social, and Governmental

[gimmethesimplelife]

Essentially it's 1938 Austria in living color and in English this time around. I'm waiting to hear back from an immigration attorney in Quito.....I'm doing something other than complaining. Methinks the time for complaining is gone with the wind. It's about self preservation from what's comIng now. Especially that Vance and Musk are now challenging the very notion of the courts being a check and balance to Presidential power. I'd say smart people are laying the groundwork to at least attempt to run - truly there is no hope nor future in the United States going forward for the vast majority of us. I hope you'all can.land safely elsewhere. I wish you'all success in your self preservation efforts. Rob

[iris lilies]

Essentially it's 1938 Austria in living color and in English this time around. I'm waiting to hear back from an immigration attorney in Quito.....I'm doing something other than complaining. Methinks the time for complaining is gone with the wind. It's about self preservation from what's comIng now. Especially that Vance and Musk are now challenging the very notion of the courts being a check and balance to Presidential power. I'd say smart people are laying the groundwork to at least attempt to run - truly there is no hope nor future in the United States going forward for the vast majority of us. I hope you'all can.land safely elsewhere. I wish you'all success in your self preservation efforts. Rob

rob. I’m glad you are taking action after years of threatening to do it. I’m not sure what that has to do with DEI didn’t, realize you were a big proponent of it, but I guess it tracks.

[pinkytoe]

I have been reading over sections of the Project 2025 publication. It seems apparent now that this plan may have laid the groundwork for many of the ongoing changes. As someone here mentioned a while back, it is too weird that the day the new administration came in everything happened so quickly. Lots of pre-planning going on.

[gimmethesimplelife]

rob. I’m glad you are taking action after years of threatening to do it. I’m not sure what that has to do with DEI didn’t, realize you were a big proponent of it, but I guess it tracks.

Thank You, IL. And you are right. My post is not DEI specific - it's just that so.much is being dismantled so quickly that it seemed appropriate. If it suits, feel free to have Alan move my post. Rob

[Tradd]

Essentially it's 1938 Austria in living color and in English this time around. I'm waiting to hear back from an immigration attorney in Quito.....I'm doing something other than complaining. Methinks the time for complaining is gone with the wind. It's about self preservation from what's comIng now. Especially that Vance and Musk are now challenging the very notion of the courts being a check and balance to Presidential power. I'd say smart people are laying the groundwork to at least attempt to run - truly there is no hope nor future in the United States going forward for the vast majority of us. I hope you'all can.land safely elsewhere. I wish you'all success in your self preservation efforts. Rob

Glad to hear you’re no longer just giving lip service to moving.

[iris lilies]

I think some DEI initiatives are fine. Ones that educate and possibly even promote via education, concerns of people in protected classes in the workplace — some of those are OK with me. We had that sort of race education back in the day in the 1990s although it does seem that the premise for educating all has changed since then.

Anyway…

But I don’t like the quotas and preferential treatment and etc for people in protected classes. It’s been said many times: this is reverse discrimination and it also sells the idea of lower expectations for these folks. If we don’t want to see racial discrimination carried out, stop carrying out discrminatory actions.

I also think there will probably be some unintended consequences that I won’t like or that will challenge established DEI such as scholarships in the science technology and math fields for women. A couple of universities, including my alma mater, the university of Iowa, is in the process of reviewing its DEI scholarships based on recent events.

but then, I have to remember that when Academic folks believe “Trans Women are women “I guess natal males can invade women’s academic life as they have invaded sports life so who knows what will happen from this.

[LDAHL]

DEI, ESG, and various associated acronyms are branches of a movement that metastasized into a sort of rent-seeking industry. On the basis of a to-the-victim-go-the-spoils business model, it became a sort of jobs program for progressives building a perverse hierarchy of privilege. People like Elizabeth Warren, Rachel Dalziel, Buffy Sainte-Marie and Ward Churchill would even fake their pedigrees in an attempt to reap the benefits. I don’t think it will ever be entirely extinguished. It will simply rise again under different names.

But it’s good to see it suffer setbacks during periods of political lucidity.

[frugal-one]

DEI, ESG, and various associated acronyms are branches of a movement that metastasized into a sort of rent-seeking industry. On the basis of a to-the-victim-go-the-spoils business model, it became a sort of jobs program for progressives building a perverse hierarchy of privilege. People like Elizabeth Warren, Rachel Dalziel, Buffy Sainte-Marie and Ward Churchill would even fake their pedigrees in an attempt to reap the benefits. I don’t think it will ever be entirely extinguished. It will simply rise again under different names.

But it’s good to see it suffer setbacks during periods of political lucidity.

Which is NOT now!

1934
I see one-third of a nation ill-housed, ill-clad, ill-nourished . . . The rest of our progress in not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.. . . . Franklin D Roosevelt

[bae]

From my industry: https://www.iafc.org/docs/default-so...port_final.pdf