America’s big banks are reacting to President Donald Trump’s executive order on diversity, equity and inclusion, scrubbing public mentions amid fear of federal investigations or potential litigation.
Morgan Stanley, JPMorgan, and Citigroup are among the banks to remove or massage DEI language in recent weeks, The Wall Street Journal reported Monday.
“In the private sector, many corporations and universities use DEI as an excuse for biased and unlawful employment practices and illegal admissions preferences, ignoring the fact that DEI’s foundational rhetoric and ideas foster intergroup hostility and authoritarianism,” the White House wrote in its Jan. 22 fact sheet.
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