L.A. judge rules LGBT corporate diversity law unconstitutional
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Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#2This seems like the right decision (and I'm saying this as an LGBT person). The problem is, it just doesn't seem like legislation is the right instrument for promoting diversity in boardrooms. But what is the right mechanism? I anecdotally recall studies that found organizations with greater diversity deliver better financial results, and that public companies have a responsibility to their shareholders. It's important to state this because businesses exist primarily to create profits, not promote social movements. There's a legitimate business justification to diversity policies.
I empathize with those in diversity roles that are tasked with finding the informal-but-not-legally-enforcable means by which to increase diversity. How are you reasonably going to achieve that? It's a hard problem to solve. It seems like something driven by society at large. I'm not sure if you can hire a person to solve this problem, honestly.
Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#3This seems like the right decision (and I'm saying this as an LGBT person). The problem is, it just doesn't seem like legislation is the right instrument for promoting diversity in boardrooms. But what is the right mechanism? I anecdotally recall studies that found organizations with greater diversity deliver better financial results, and that public companies have a responsibility to their shareholders. It's importa…
IMO the right mechanism is for people of [insert desired demographic] to start companies and make them successful.
Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#4This seems like the right decision (and I'm saying this as an LGBT person). The problem is, it just doesn't seem like legislation is the right instrument for promoting diversity in boardrooms. But what is the right mechanism? I anecdotally recall studies that found organizations with greater diversity deliver better financial results, and that public companies have a responsibility to their shareholders. It's importa…
> It's important to state this because businesses exist primarily to create profits, not promote social movements.
Those at the top will often prioritize their feelings over profit potential. Corporations are not true profit maximizers, that's a total myth. It's one of the reasons why WFH wasn't more popular earlier, and why some companies are trying to force back-to-office to the point it causes some of their employees to quit.
Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#5This seems like the right decision (and I'm saying this as an LGBT person). The problem is, it just doesn't seem like legislation is the right instrument for promoting diversity in boardrooms. But what is the right mechanism? I anecdotally recall studies that found organizations with greater diversity deliver better financial results, and that public companies have a responsibility to their shareholders. It's importa…
IMO the right mechanism is for people of [insert desired demographic] to start companies and make them successful.
The chance to successfully start a new company depends on the succes your parents and others in your demographic had.
It's not that simple.
Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#6This seems like the right decision (and I'm saying this as an LGBT person). The problem is, it just doesn't seem like legislation is the right instrument for promoting diversity in boardrooms. But what is the right mechanism? I anecdotally recall studies that found organizations with greater diversity deliver better financial results, and that public companies have a responsibility to their shareholders. It's importa…
IMO the right mechanism is for people of [insert desired demographic] to start companies and make them successful.
How does that work when the demographic is extremely economically disadvantaged and has no way to earn starting capital?
Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#7If companies were employee owned and operated you wouldn't need half the regulations and laws on the books that we do now. They would have been better served by creating more rights for all workers instead of this odd-ball stuff that ends up getting struck down and handing more power to corporate shadow characters.
Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#8I'm extremely relieved common sense has prevailed here.
Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#9This seems like the right decision (and I'm saying this as an LGBT person). The problem is, it just doesn't seem like legislation is the right instrument for promoting diversity in boardrooms. But what is the right mechanism? I anecdotally recall studies that found organizations with greater diversity deliver better financial results, and that public companies have a responsibility to their shareholders. It's importa…
IMO the right mechanism is for people of [insert desired demographic] to start companies and make them successful.
Until you need funding and find out you don’t fit the profile of a successful founder.
Re: L.A. judge rules LGBT corporate diversity law unconstitutional
#10Earlier quoted context omitted.
IMO the right mechanism is for people of [insert desired demographic] to start companies and make them successful.
How does that work when the demographic is extremely economically disadvantaged and has no way to earn starting capital?
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