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Three words of enthusiasm this year between politicians and business leaders at the annual meeting of the World Economic Forum in Davos Switzerland: diversity, equity and inclusion.
It is not surprising that Dei is in the minds of corporate leaders, since he has also been in front and in the center of the White House.
“My administration has taken measures to abolish all discriminatory nonsense of diversity, equity and inclusion,” said President Donald Trump on Thursday during a virtual appearance in Davos. “The United States will once again become a country based on merit.”
Trump signed an executive order his first day in the position aimed at dismantling of the diversity and inclusion programs of the federal government. The order as written only applies to federal government employers, but also mentioned extending their executive order to private institutions in their comments in Davos.
After your executive order, your administration has also Affirmative action directed in federal hiring and Order that all the federal staff of Dei is put on a paid license.
In the field in Davos, Dei has been the subject of conversation both in the record and behind closed doors, with discussions that include the potential to get rid of the acronym commonly used and change external communication around certain policies.
The majority of corporate leaders who spoke with CNBC in the first four days of the summit reiterated that while language can change and internal policies can be modified, the company’s values will continue to be the same.
This is what executives said:
Jamie Dimon, JPMorgan Chase Ceo
“We will continue to arrive at the black community and the Hispanic community, the LGBT community and the veteran community … wherever you go, red states, blue states, mayors, governors say they like what we do. Then we. I am trying to please anywhere or anything.
Adena Friedman, CEO of Nasdaq
“For Nasdaq, we really keep looking at everything we do in the construction of the right culture. We believe that a place where we feel that people can be themselves and can operate at their maximum potential, and have diversity of views and diversity of funds , actually makes us a better company and makes us play better.
Bill Ready, CEO of Pinterest
“People on our platform come from all areas of life, from all different origins, so we have focused a lot on how we promote inclusion on our platform with things like IA even, with things like ‘Diversity by default’ In our feed … we are not (changing anything), and the reason is that we have seen that it is actually leading to a better commitment, there is a consumer demand for it, it is good for our business. “
Chuck Robbins, Cisco CEO
“I think what happened is that there is a subset of initiatives under the brand of which they did not like. Or to pursue a great opportunity, I want many diverse brains in that room, and I do not care if it is gender or if it is nationality Or if it is only the diversity of experience in general is good for business.
Robert Smith, Vista Equity Partners CEO
“I think that diversity is a great thing in business. How do I know? Because I look at the data, I look at the facts. When we have diverse equipment, our equipment is more productive. We have a lower risk. Really capable of producing to those who do not have diverse teams. To change.
Alexandr Wang, CEO Scales
“We operate in an incredibly competitive and rapid movement industry in AI, and I have no choice but to hire the best, brightest and most capable for each job within my company. So, as a result, we have no choice but Being meritocratic … and in the process, we achieve diversity. “
