RSS
Previously on SBPDL: War on Whiteness Grows Bolder by the Day: Under Proposed New Rules, NASDAQ Will Require at Least One Director of Companies Listed on Their Stock Exchange to be Minority, Female or LGBTQ
If racial diversity in a workforce was so valuable, then why do the F.A.A.N.G’s (Facebook, Apple, Amazon, Netflix, and Google) have so few non-Asian minorities employees? These companies are some of the best for equity holders to own in their investing portfolios, but they have a paucity of black faces working for them. Big Tech seems to be thriving, despite a lack of contributions from blacks… though these companies struggle with diversity, they have no problem staying in the black financially, and producing huge returns for stock holders.
Curious, isn’t it? [BlackRock to Push Companies on Racial Diversity in 2021, Bloomberg.com, December 11, 2020]:
BlackRock Inc., the world’s largest asset manager, plans to next year push companies for greater ethnic and gender diversity for their boards and workforces, and says it will vote against directors who fail to act.
The money manager, which oversees more than $7.8 trillion of assets, is asking U.S. companies to disclose the racial, ethnic and gender makeup of their employees — data known as EEO-1 — as well as measures they’re taking to advance diversity and inclusion, according to a stewardship report released Thursday.
“We are raising our expectations,” New York-based BlackRock said in the report. “An inclusive, diverse and engaged workforce contributes to business continuity, innovation, and long-term value creation.”
Companies are under increasing pressure from investors and advocates to address diversity. State Street Global Advisors, which manages about $3 trillion for clients, has said it will ask companies about their metrics and goals to boost racial diversity within their ranks, while Nasdaq Inc. announced that most companies listed on its U.S. exchange will have to include at least one director who identifies as female and one who identifies as an underrepresented minority or LGBTQ. Goldman Sachs Group Inc. has said the firm will no longer take a company public in the U.S. and Europe if it lacks a director who is either female or diverse.
BlackRock states, without providing any evidence, “An inclusive, diverse and engaged workforce contributes to business continuity, innovation, and long-term value creation.”
Doesn’t the fact the F.A.A.N.G’s and all Big Tech companies thrive despite lacking much diversity in their workforces save white and Asian employees, show this claim of inclusion and diversity leading to innovation and long-term value creation to be a huge lie?
But it doesn’t matter. The more lies you tell in advancement of the cause of racial progressivism, the better. To engage in pattern recognition is the greatest sin in 2020 America, meaning we must applaud BlackRock’s actions as the highest moral good.
But what BlackRock means to do is simply this: by championing diversity, they advance the cause of The Great Replacement for boards and workforces.
The destruction is not an unintended side effect of “justice”. It is the sole purpose.
“I was east of East St. Louis,
On the Kansas City line.
And i drunk up all my money,
That I borrowed everytime.”
https://fox2now.com/news/brothers-charged-in-east-st-louis-kidnapping-shooting/
Brothers charged in East St. Louis kidnapping, shooting
EAST ST. LOUIS, Ill. – Three people—two of them brothers—have been charged in connection with the August kidnapping and shooting of an East St. Louis man.
Investigators with the Illinois State Police say 36-year-old Kein Eastman was kidnapped Aug. 13 from a home in the 1700 block of N. 43rd Street.
According to our news partners at the St. Louis Post-Dispatch, state police and prosecutors allege Kenwyn Frazier believed Eastman stole his decorative mouthpiece (also called “grillz”). Kenwyn is accused of leading Eastman out of the residence at gunpoint and taking him to an apartment in the 1200 block of Kansas Avenue.
Eastman had been at the apartment earlier in the day but denied stealing Frazier’s mouthpiece.
Kenwyn’s brother, Kendrick Frazier, led Eastman back outside the home 90 minutes later, according to doorbell camera footage obtained by authorities.
Prosecutors say the footage shows Eastman attempt to escape, only to be shot in the head. Eastman was able to run away despite the gunshot wound but has not been seen since.
The SUV used in the kidnapping was torched following the shooting, Illinois State Police say. A third person, Jasmine Crawford of Kentucky, was inside the apartment at the time and is accused of covering the doorbell camera after the shooting.
Crawford was arrested in Indiana earlier in December.
Blacks suck at personal finance, and I see no reason to think they would handle other people’s money any better. Anyone who works in the hospitality industry will tell you that blacks regularly try to rent hotel rooms with debit or credit cards which decline for trivial amounts of money. I’ve seen this happen for a $50.00 hold for incidentals. Whites, Hispanics and even Native Americans usually don’t embarrass themselves like this, and it almost never happens for East Asians and South Asians, who have reputations for frugality and saving. Why would blacks bother opening bank accounts in the first place if they can’t keep money in them?
A rational society would force blacks to live frugally for their own good, like how Redlining kept blacks from borrowing money they couldn’t repay. It certainly would keep the better quality blacks away from institutions’ checkbooks without a whole lot of curation to make sure that they won’t abuse their privileges.
Every. F’ing. Time.
BlackRock
Total equity: US$32.433 billion (2018)
Founders: Bob Kapito, Larry Fink
Born into a Jewish family, Kapito earned an MBA from Harvard Business School in Boston, Massachusetts (HBS) in 1983 after completing a BS degree in Economics from the Wharton School of the University of Pennsylvania. Kapito met his wife Ellen when she was a student at the University of Pennsylvania School of Nursing.
Fink was born on November 2, 1952. He grew up in a Jewish family in Van Nuys, California, where his mother was an English professor and his father owned a shoe store. He earned a BA in Political Science from UCLA in 1974. Fink is also a member of Kappa Beta Phi. He then received an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976.
*Kappa Beta Phi (ΚΒΦ) is a secret society, best known for its Wall Street Chapter that is made up of high-ranking financial executives.
About 15 to 20 new members are inducted each year. Historically, the organization has inducted top executives of various Wall Street firms, including:
Michael Bloomberg – former New York City mayor
James Cayne – former CEO of Bear Stearns
Jon Corzine – former New Jersey Governor
Nigel MacEwan – former CEO of Kleinwort Benson North America, former president of Merrill Lynch
Laurence D. Fink – CEO of BlackRock
Richard Grasso – former head of the New York Stock Exchange
David Komansky – former CEO of Merrill Lynch
Sallie Krawcheck – former head of Citigroup’s wealth management division
Kenneth Langone – former chair of the New York Stock Exchange compensation committee
Marc Lasry – CEO of Avenue Capital Group
Martin Lipton – founding partner of Wachtell, Lipton, Rosen & Katz
Wilbur Ross – United States Secretary of Commerce
Alan Schwartz – former president of Bear Stearns
Robert Rubin – former U.S. Treasury Secretary, former co-chair of Goldman Sachs
Mary Shapiro – former chairperson of the Securities and Exchange Commission
Diana Taylor – former New York State Superintendent of Banks
Warren Stephens – CEO of Stephens Inc.
Sanford Weill – former CEO of Citigroup
John C. Whitehead – former chair of Goldman Sachs & Co.
Richard S. Fuld Jr. – former chair and CEO of Lehman Brothers
Remember the Kulaks
I guess it’s best to just let Koreans and Japanese handle all my stateside assets from now on. They will certainly achieve results and be swift about it.
Will they just put blacks in big positions like a placeholder? I know already they will achieve NOTHING except obnoxious behavior. Will a budget need to be set aside for “diversity” in companies or does one exists?
Honestly what a joke. I cant imagine what it must be like working in a corporate landscape. A landscape infested with gays,blacks, feminazis, and effeminate men I suppose.
It’s ironic that Blackrock itself has no “diverse” directors among it’s many white males and several white females. They do have one Arab oil sheik who probably is a rich investment client.
Very few blacks make it in the securities/asset management business. The minimum qualification is a Series 7 General Securities (stockbrokers) license that requires passing a somewhat diffcult examination that many white applicants fail.
For advancement, one needs several more advanced licenses that require even more difficult tests that are even harder to obtain.
In order to pass the exams snd succeed in the business, one must have good numerical ability and be able to understand and deal with abstract concepts using both numerical understanding and verbal logic.
In addition, one needs intellectual and verbal abilities and sales skills to explain such concepts with understandable clarity to others ranging from naive clients to those who are financially sophisticated.
Most blacks seem to lack these abilities and wash out early and fast if they manage to get through the initial exam in the first place.
Exactly.
The will dress up these goons in smart suits and pay big salaries whilst they are added to corporate photos.
What a time to be alive!
I’m not saying women and negroes cannot be good managers but their track record is not so hot. Hewlett Packard, IBM and Xerox (a twofer black and female) had female CEO’s and they didn’t do well. McDonalds too had a negro CEO who almost ruined the brand with the restaurants becoming better known for brawling hoodrats than hamburgers. Negro Richard Parsons parlayed his connections to the Rockefeller family to become Chairman at Citigroup and, later, Time Warner. Again, the results were, at best, mediocre.
The reason there are so few negro and female senior managers is because they do not create companies. Having little to no experience building a successful company its not surprising they aren’t very good at managing companies others have built.
Their “whites” are actually “fellow whites”.
Hmmmm, but what’s the reason for that?
I just looked him up, out of curiosity. Don Thompson. Had a fairly long career at McDonalds, and became their CEO in July of 2012. Stepped down in March of 2015. Interestingly, their share price was fairly flat during his time. Around $92/sh when he started, maybe $96/sh when he left.
Since he’s left, their stock has really shot up. Both share price and dividend. It’s currently trading around $211/sh. There have been rough patches here and there, just as their have been with the entire economy, but the stock has done very well. I wonder, if Thompson had stayed on, if McDonald’s would be out of business by now?
Lol, thanks, I needed a hardy laugh, favorite part was the one shot in the head and he ain’t been seen since. Only negroes.
BlackRock’s new investment system is genius. Old suitcases of cash are left in African villages
where witch doctors will bless the money.
They’ll also be rebranding their name to Black*ock
tell someone who gives a ****, a******s
They can’t even manage a small business properly for one thing.
Ask BlackRock about the diversity of its major owners.
In my wrangler days the everyday summation of events in the ghetto were, if you gave one of “them” a solid block of steel within a day or so if they couldn’t [email protected]@k it or eat it they would break it.
Who is going to say no to a screaming obese Negress sitting at the board-meeting table? I would do what the Yale President did, which is to placate her. End the unpleasantness, accusations of racism, and the risk of having people banging pots and pans in front of my house in the middle of the night. I am certainly not going to scream back at her — that’s not my nature. And it’s not my money. Maybe I can meet her halfway to control the damage.
The attack is full spectrum this time. From withholding contracts to blue collar service companies owned be whites, to denying them access to education, to withholding medical treatment, and now to denying them finance and banking.
We are in an endurance race between a system run by hostile elites and the collapse of that system because of all the untenable assumptions it is based upon.
Christmas Eve in NYC: Andrew Cuomo staffer clobbered from behind with a concrete block to the head. Right near Charles Schumer’s office. Just a random occurrence of course. Another one of many.
The “prestige media” won’t show you the assailant’s pic, but I will.
She’s “important” enough that the police will investigate.
DM made me watch an all-negro Tide commercial,
before it would show the proud black man…
Sauntering away from his latest triumph.
https://mol.im/a/9087059
Apparently stating the obvious truth about why a multi-trillion dollar organization like this is using their massive power to destroy whites in order to advance their idea of social justice is not permitted.
OT: A few days ago I was driving home in northern Virginia and I saw an advertisement for radio station WGTS. I wasn’t familiar with it but I noticed the ad featured a bushy-haired black guy with a white wife and two mulatto kids. My curiosity aroused, when I went home I looked it up online and discovered it’s a Christian radio station. Even they are promoting this BS!
Later I sat down and saw TV commercials for VW, Nissan, and countless others portraying the same thing.
An odd thing about them is that, in commercials with white husbands and black wives, the latter are decidedly unattractive and overweight.
Ahhh the ”Merchant Class” with every bone in their hooked noses hate us real White Americans. Even after THE MAJORITY OF OUR WHITE TAX PAYERS MONIES ( before our so-called federal government leaders sold our middle class jobs out to the chinese communist party) that have gone to Israel for the past 50+ years? And this is the thanks they repay us with? These two are exactly the type of Merchant class that would of held slaves in their southern backyards all those many moons ago. More of the same b.s. oh look how woke I am crap! Meanwhile……They would not hire any negro if there wasn’t a camera around or a public relations department.
In the meantime I want to say,
Merry Christmas to each and every White person out there in SBPDL land.
I would be happy to serve on any board of directors as a member underrepresented group (ie. female). I will agree to not participate in discussions for a premium. I have a lot of experience that would qualify me to serve.
Diversity is good. Indeed it’s a fundamental requirement of life on this planet. Just not the way the way these brain dead liberal pumpkins mean.
Diversity is what brings us sex. We live in a sea of pathogens – viruses, bacteria, fungi and parasites. All ready to eat our flesh. We’re doing Ok however. I personally am older than mountains. The Himalayas are only about fifty million years old whereas I’ve been around for more than two billion years – in my earlier manifestations. So I’m doing Ok, considering how many nasty critters have been trying to eat me for so many millions of years. Just once if they had gotten me before I reproduced there would be no me to write this little Christmas note.
How did I do it? Diversity.
If we stand still for a moment the bad bugs will evolve something that will eat us. So we keep mixing it up. Our next version will look just like us – “Look, he’s got my nose”. But a little bit different. Just enough that the ravening pathogens are frustrated.
That’s what true important diversity means. Not just race mixing.
Races are caused by rivers. If there were no rivers there would be fewer races and species. Keep this truth quiet, if the environmentalists ever catch on – there goes the Mississippi.
The best example are chimps. Chimps can’t swim – again don’t tell the liberals. The Congo river sprang up one day a few million years ago and divided the chimp homeland. The chimps south of the river became Bonobos, those north stayed chimps. The Sahara and the Atlantic Ocean did similar things to humans.
And just like the chimps on one side of the river who became gentler, humans became different from one other. Those who were to become Whites and Asians walked out of Africa about eighty thousand years ago and became civilized. Those who stayed behind stayed stupid and brutal.
There are five continental races – two, the Caucasians and the East Asians have achieved high civilization. Two the sub-Saharan blacks and the Australian Aborigines have remained stupid and violent. If you breed the good races with the bad races you get intermediate progeny.
How could this be good?
Looks like Charles Barkley gained a few.
Diversity is good. Indeed it’s a fundamental requirement of life on this planet. Just not the way the way these brain dead liberal pumpkins mean.
Diversity is what brings us sex. We live in a sea of pathogens – viruses, bacteria, fungi and parasites. All ready to eat our flesh. We’re doing Ok however. I personally am older than mountains. The Himalayas are only about fifty million years old whereas I’ve been around for more than two billion years – in my earlier manifestations. So I’m doing Ok, considering how many nasty critters have been trying to eat me for so many millions of years. Just once if they had gotten me before I reproduced there would be no me to write this little Christmas note.
How did I do it? Diversity.
If we stand still for a moment the bad bugs will evolve something that will eat us. So we keep mixing it up. Our next version will look just like us – “Look, he’s got my nose”. But a little bit different. Just enough that the ravening pathogens are frustrated.
That’s what true important diversity means. Not just race mixing.
Races are caused by rivers. If there were no rivers there would be fewer races and species. Keep this truth quiet, if the environmentalists ever catch on – there goes the Mississippi.
The best example are chimps. Chimps can’t swim – again don’t tell the liberals. The Congo river sprang up one day a few million years ago and divided the chimp homeland. The chimps south of the river became Bonobos, those north stayed chimps. The Sahara and the Atlantic Ocean did similar things to humans.
And just like the chimps on one side of the river who became gentler humans became different from one other. Those who were to become Whites and Asians walked out of Africa about eighty thousand years ago and became civilized. Those who stayed behind stayed stupid and brutal.
There are five continental races – two, the Caucasians and the East Asians have achieved high civilization. Two the sub-Saharan blacks and the Australian Aborigines have remained stupid and violent. If you breed the good races with the bad races you get intermediate progeny.
How could this be good?
Have you seen the car commecial where all the Santa’s are running in to buy the cars,as the deals are so great? You see all these Santas running into the dealership,and theres one regular guy at the door who is,of course!,a negro! You hafta have a negro in every single ad???
Having over 2 decades as a MCD franchisee I can say that Don Thompson has been one of the better CEOs. Both the English cad and the Asperger consultant are much worse. The irony is that DIE was in the background with Thompson but is now front and center. Conference calls (thanks COVID) during the summer of Saint George became so insufferable that franchisees would spend them sending pictures among themselves of cultural revolution struggle sessions. The pandering on the part of the corporation has reached a nauseating high point. It is all for show. The current leadership spouts this DIE nonsense safe in the knowledge that the franchisees will make their business decisions based upon reality.
Well said.
We are working with an out of state realtor on FL relocation options. One of our non-negotiable requirements is negroes < 5%. By law, a realtor cannot disclose such info. Our way around this is to require no schools in the area to be rated less than a 7 or 8 on greatschools.com. Zillow conveniently presents this information. I did some spot checking on areas around the country I am familiar with and this is a good rule of thumb. Methods such as this are increasingly important as the 2020 census is probably worthless (I expressed my good intentions to complete my census form to the numerous census workers who came to the door as it would have been a shame if my deep blue state lost federal funds or congressional representation).
Greatschools is unintentionally very helpful in this regard because they are all in on issues of “equity for persons of color”.
I believe Thompson had an engineering background. This tends to skew thinking towards logic and reality, although engineers are not immune to magical thinking especially magic negroes.
I’ve seen diversity apostles cite several academic studies supposedly showing that companies that practice diversity are more profitable. But aren’t profits evidence of worker and consumer exploitation?
I looked at a widely cited study by the global consultancy McKinsey &Co. The study only looked at diversity among the executive management and the board. However, corporate board members are almost always just a rubber stamp for the executive management.A board membership is often a sinecure position that exerts little influence on the corporate direction. Even many of the management positions other than the CEO, CFO, head of R&D/engineering as vice president of key business units are of little influence on how well a company does. Companies in high growth, more profitable sectors can afford to be more diverse than those in struggling sectors so you will get more diversity in Proctor & Gamble than Peabody Energy (a coal mining company). Finally, the study looked at performance for only a 3 year period. And I only went through about a quarter of the report.
We aren’t allowed on here to say who writes most of those commercials.
But they have names which (((echo))).
What color were the Santas?
I wouldn’t even mind a negro in every ad so much as I mind so many ads with only negroes in them. Is that really who we are?
When we do get a white person, either it’s an obvious villain or it’s a blonde chick fawning over her proud black man.
This is some bizarre recompense for ads having had “too many” white people decades ago? Well, the country was 90% white back then.
And not incidentally, vastly more civilized.
There is a new BMW “certified” vehicle commercial with a black mechanic. He is up against a white portrayed as an imbecile working at a ripoff car dealership.
Genius!
Merry Christmas, and happy New Year to you too.
So….they torched a $5,000 vehicle in an attempt to recover a $200 piece of mouth bling.
Sounds about right.
“The best example are chimps. Chimps can’t swim – again don’t tell the liberals.”
Swimmers and non-swimmers, perhaps this has parallels in other primates? Not 100% mind you, since simian muscle is something like 5x denser than human muscle. River crossings are quite perilous and many would only cross a raging river under duress. Perhaps those who wound up breeding with Neanderthals made it out of Africa due to longstanding resentments with ‘da community?
Was swimming the original “white flight”? From the early ship builders to oceanic travel and circumnavigation of the world to the Wright brothers and Robert Goddard leading us away from the planet…
Profitability and sustainability are not the same thing. I’ll bet the difference between a farmer and a tax farmer are quite marked.
You are correct. Don entered the company as an equipment engineer and I believe he is the only person to have moved from that department to the executive level. Was it only his proficiency at designing toasters that propelled him to CEO? Of course not. Being black was an asset and unquestionably assisted his rise.
Unlike the vast majority of recent diversity hires and promotions within the company Don has a formidable intellect and a broad range of talents. He is skilled and he is black rather than he is black and he got skillz.
Profits are immune to magic. The balancing of multiple dynamic factors is required to generate a profit. Mandates and feelings do not assist in this balancing. Diversity itself has no value. A white male engineer who is brilliant in fluid dynamics will help a pump company make greater profits than a capable disabled black lesbian engineer. The value is the profit generating skills of the engineer not the diversity Pokémon points.
My experience with the elite consultant groups (Boston, Deloitte, McKinsey) is almost universally negative. I find them to be stuffed with people who are smart enough to get Ivy League MBAs but not capable enough to start and run a business. Adept at research but not particularly perceptive. They are skimmers of wealth, not creators.
This corporate diversity frenzy is a forced march, nobody believes it. I have friends in technology, apparel, civil engineering, pharmaceuticals, even construction who have had to sit through diversity “training” recently. All sessions were mandatory, all required the participant’s cameras to be on the entire time. These are struggle sessions and adults are recoiling from attempts at indoctrination.
I see I am not the only one that has re-submitted a post that was hung up in moderator purgatory.
BlackRock will continue with this dribble until the bottom line is affected, and then it will quietly reverse its position and head to where the profits lay. Profits count for everything.
I have a few friends with good jobs at major corporations, and they have all complained about the amount of these new tolerance/diversity/harassment courses they are forced to attend, where they are told they are racist/sexist/intolerant basically just for existing as white men. The real money is in providing these power point lectures to major corporations, just so the companies can say “Our employees had diversity training”.
My daughter had to go with that bullshit at the height of the negro riots. This was via zoom. It amounted to nothing, even in Northern Virginia.
Glad I don’t have to deal with that nonsense.
“…just for existing as white men.”
These training sessions are helping to rev up the hysteria to put us on a path toward a final solution for the existence of white men.
Do you consider that fair? Are there any other groups that consistently attempt but fail these batteries of tests? Are there any that consistently come within the highest 5% of attempts or achieve perfect scores (I don’t know anything about these tests 🤔)?
Thank you for the insight. Being poor and mentally ill, I lack the opportunities the black people who attempt but fail these tests have. Or the interest? 🤷🏻♂️
Solution: pull your $$$ out of Black Rock.