PC friday question of the day.

[yuneeq]

It's already Friday in Davos, so out of there we got this:

https://www.bloomberg.com/news/articles/2020-01-24/goldman-rule-adds-to-death-knell-of-the-all-white-male-board

Is it justified to force diversity upon commercial entities?

Justified? It might be extremely dumb and virtue signaling, but it’s a free country, GS can do business with whoever they want. Maybe it they virtue signal hard enough people will forget about the greedy pigs that caused the Great Recession.

[aygart]

Justified? It might be extremely dumb and virtue signaling, but it’s a free country, GS can do business with whoever they want. Maybe it they virtue signal hard enough people will forget about the greedy pigs that caused the Great Recession.

It is appeasement of those who caused the great recession by those who made it worse.

[ExGingi]

Justified? It might be extremely dumb and virtue signaling, but it’s a free country, GS can do business with whoever they want. Maybe it they virtue signal hard enough people will forget about the greedy pigs that caused the Great Recession.

How about the California law mentioned in the article?

[ExGingi]

It is appeasement of those who caused the great recession by those who made it worse.

Why would they need to appease politicians?

[ExGingi]

but it’s a free country, GS can do business with whoever they want.

Only in one direction. Wedding cakes, anyone?

[aygart]

Why would they need to appease politicians?

So that they don't regulate them in more ways which create the same problem.

[ExGingi]

So that they don't regulate them in more ways which create the same problem.

When last did that work?

They’re in bed together until the politicians decide to go wild.

[Yonah]

Personally, I don't believe diversity should be a goal onto itself, but if we're concerned about diversity in hiring, we should cast a wider net.

This is easier to do at the entry-level and middle level- for example, we don't have enough people of X or Y demographic, let's make effort to recruit at colleges that have higher percentages of X and Y.

Probably a little harder to do at the corporate board level.

[aygart]

When last did that work?

They’re in bed together until the politicians need to shift blame from themselves.

FTFY

[aygart]

Personally, I don't believe diversity should be a goal onto itself, but if we're concerned about diversity in hiring, we should cast a wider net.

This is easier to do at the entry-level and middle level- for example, we don't have enough people of X or Y demographic, let's make effort to recruit at colleges that have higher percentages of X and Y.

Probably a little harder to do at the corporate board level.

Having diversity of background helps bring diversity of ideas.

[ExGingi]

Having diversity of background helps bring diversity of ideas.

Which is why a smart business entity would want a diverse board. To avoid death due to living in an echo chamber.

[yuneeq]

How about the California law mentioned in the article?

Is this a rhetorical question? When’s the last time California or NY passed a law that made sense?

[Yonah]

Having diversity of background helps bring diversity of ideas.

Yes, but the goal shouldn't be we need to be 10% x and 10% y, but rather, if we only have 5% x, we should improve our recruiting process so that we get closer to 10%

[Yonah]

On a completely different topic, what're some phrases people use, that refer to things that kids today might not have seen. I thinking about this the other night, when Larry Walker was inducted to into the Baseball hall of fame alongside Derek Jeter - he said "It's like an old 45, Jeter is the A-Side, and I am the B-side on the single".

Those of us who had record players, understood what he meant, where kids today, would need to be explained, even though they might get the context. Three others that I find myself using:

"That and a token will get you on the subway".
"Here's a quarter, call somebody who cares"

And the hebrew confluence of the two: "V'nafal li ha'asimon" (this literally means, "and then the token fell (into the coin slot)" - it's the Hebrew equivalent of I put 2+2 together, and refers to the Pay Phone tokens that haven't been used in at least 25 years)

What are some other good ones?

[yuneeq]

Having diversity of background helps bring diversity of ideas.

Everyone has millions of unique experiences, it’s liberal culture to choose to value certain backgrounds over others.

Give me a board of Musk, Zuckerberg, Jobs, Gates, Buffett, Ellison, and I’ll show you a board full of extremely diverse and brilliant ideas.

[yuneeq]

Yes, but the goal shouldn't be we need to be 10% x and 10% y, but rather, if we only have 5% x, we should improve our recruiting process so that we get closer to 10%

The article is talking about board members not executives, most of which are hired from outside the company.

[aygart]

On a completely different topic, what're some phrases people use, that refer to things that kids today might not have seen. I thinking about this the other night, when Larry Walker was inducted to into the Baseball hall of fame alongside Derek Jeter - he said "It's like an old 45, Jeter is the A-Side, and I am the B-side on the single".

Those of us who had record players, understood what he meant, where kids today, would need to be explained, even though they might get the context. Three others that I find myself using:

"That and a token will get you on the subway".
"Here's a quarter, call somebody who cares"

And the hebrew confluence of the two: "V'nafal li ha'asimon" (this literally means, "and then the token fell (into the coin slot)" - it's the Hebrew equivalent of I put 2+2 together, and refers to the Pay Phone tokens that haven't been used in at least 25 years)

What are some other good ones?

This should really be its own thread. (I sound like a broken record)

[aygart]

Everyone has millions of unique experiences, it’s liberal culture to choose to value certain backgrounds over others.

Give me a board of Musk, Zuckerberg, Jobs, Gates, Buffett, Ellison, and I’ll show you a board full of extremely diverse and brilliant ideas.

In some aspects they will be diverse but in others their similar backgrounds will lead to them having the same way of thinking. This is so glaringly visible with many instances where @CountValentine has a different point of view than many of the other members as well as intances where the female members have different points of view as well.

[CountValentine]

To avoid death due to living in an echo chamber.

You can say that again but it will fall on deaf ears. 

[CountValentine]

"Here's a quarter, call somebody who cares"

Ouch, it was a dime for me.