Apparently all white males are just mindless automatons

Guest Post by Simon Black

Recently the prominent investment bank Goldman Sachs announced that they would no longer work with companies whose Boards of Directors consisted exclusively of white males.

Specifically the bank will immediately require prospective clients to have at least one female or one non-white individual, on the Board of Directors. And by 2021, a company would need at least two ‘diverse’ directors, otherwise Goldman Sachs will refuse to underwrite that company’s Initial Public Offering.

(Obviously this doesn’t apply to Chinese or Middle Eastern companies; Goldman Sachs is happy to continue selling its soul to non-diverse companies in those parts of the world.)

But Goldman is just the latest bank to make this announcement.

BlackRock and State Street Global Advisors, two of the largest asset managers in the world, also recently stated that they would vote against directors at the companies in which they are shareholders, unless those Boards have at least one female member.

Everything about this is remarkably stupid.

In the case of BlackRock and State Street, there are literally ZERO companies in the S&P 500 anymore that have all-male boards. None. And a recent Harvard study showed that 80% of large-cap companies have at least two female directors, if not more.

So their supposedly bold proclamation is completely pointless, except to demonstrate their ‘wokeness’ to Millennials.

More importantly, though, it highlights a major revolution in capitalism itself.

Business and capitalism should be the ultimate meritocracy. Talent rises to the top. Mediocrity stagnates. And poor performance washes out.

But talent has no gender. It has no ethnicity. It has no sexual orientation.

Talent is measured by how well you can accomplish the mission and lead an organization to greater achievements.

This is what’s supposed to matter. And the shareholders (i.e. the OWNERS) of a business are supposed to elect their representatives to the Board of Directors based on this critical factor.

It shouldn’t matter if the entire board is white males, trans women of color, benevolent space aliens, or people who identify as seedless watermelons. Those shouldn’t even be factors.

I serve on a number of boards– including large companies that I’ve started, non-profits, and one company that’s traded on a major stock exchange.

Some of the best directors I’ve ever served with are women. And good thing, because I picked them myself.

But I didn’t pick them because they’re women. That would be a horrible insult to them. I picked them because they’re seriously freaking talented… which is the only reason that matters.

The common refrain among social justice warriors is that ‘diverse boards make better decisions because they come from different backgrounds, and the companies are better off for it.’

This is such a dumb thing to say. It presupposes that all white males are robotic automatons who think in exactly the same way. What a bunch of bullshit.

Moreover, Stanford University published an analysis last year of 11 different academic studies concluding that “evidence on board diversity and corporate outcomes is highly mixed.

In other words, there is no conclusive evidence that diverse boards create better companies.

But these social justice warriors, and the companies like Goldman, State Street, and Black Rock that bow to the pressure, are happy to ignore facts and data.

And even if it were true that diversity somehow makes better Boards, why stop at gender and race?

If you believe that it’s better to have people with different perspectives, then why not demand that every board also include someone who is physically disabled? Or someone who served in a combat zone? Or someone of a smaller religion or political affiliation?

I imagine that a blind gay vegan veteran Wiccan probably has a unique perspective. So why not demand one of those on every Board?

Because that would be ridiculous, right? Of course. But that’s what this entire movement is– ridiculous.

Capitalism is responsible for the greatest and widest level of prosperity in the history of the world. Without the free market we would still be Medieval serfs. Capitalism is not perfect, but it works. And it has a hell of a track record.

But these whacktivists are trying to replace the critical fundamentals of capitalism which drive prosperity (like talent) with a ridiculous value system that has no factual basis whatsoever.

And they’re winning.

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BB

Most of these companies are owned or controlled by Jews who consider white men their enemy. Most won’t come right out and say it but they worship the gods of the Talumd.Jews have a hatred of all non Jews. That is why they support everything that harms white societies. All it takes is a little bit of research to open your eyes as to what these Jews are doing to destroy America.I don’t hate Jews.I know they could do nothing
If white men refused to sabotage and betray their. Own nation.So I blame the white traitors in Washington dc.

anarchyst
anarchyst

You hit the nail on the head. Yes, the white traitors in the Washington D. C. “swamp” are the problem. In fact, almost every congress critter and many other government officials could be indicted for TREASON as we speak. In order to gain and enjoy the “perks of office”, every congress critter (minus a few) have signed a “loyalty oath” to a foreign country–israel. In itself, this is grounds for prosecution for TREASON. Signing any “loyalty oath” to any foreign country should be severely punished by indictment, prosecution, and appropriate sentence carried out.

Anonymous
Anonymous

It’s not just whites. You have India(n)s, Orientals, blacks, latino/a, Muslims, etc.

Anonymous
Anonymous

Many in congress have dual passports as well as dual citizenship which i feel in and of itself is dual loyalty therefore borderline treason and should either resign or be hung from a street post.

Anonymous
Anonymous

Give it fucking break ! We have so many managers and executives especially in government service that personify the Peter principal . They are hired and promoted till they reach their pinochle of failure .Fortunately their are plenty of white males who were passed over to put a face in management that all the liberals with degrees in some nonsense like lesbian underwater basket weaving are their direct superior on the job . Then in comes the CEO to tell the white male to show his new higher paid boss how to manage the project or section what ever . Of course if he has any self respect his response is sure ok and then he cleans up is stuff tools etc and takes a walk flipping all the middle finger .
Unless his personal circumstance will not allow .
I was a lead mechanic that was known as an 80 % er . That meant that my average project of 100 hours was completed on average in 80 hours that’s translated into 20 hours of either profit or hours to start another project etc .. overall more money coming in .
The company hired some fast talking manager and his fuck thing girl friend (mistress) to keep me busy 90 days later after I used up all my vacation time I hit the silk ….
joined a new start up finished out 20 more years with real bonuses and a bigger piece of the pie as we all hit the 50 plus to 60 plus sold out and kicked it a reasonable split for all . Why waste your time being set up by some know it all asshole to make their bottom line while you suck wind !
Your success in any company should come from your earned merit not your race or sex . Promoting people only to show a politically correct face works in government and some companies but not where the rubber meets the road !

MrLiberty
MrLiberty

As I doubt that any card games are involved, the spelling police would like to point out that pinnacle was the word you were shooting for, not pinochle….though the “luck of the draw” probably plays a role in some of the personnel choices.

Anonymous
Anonymous

Sorry about the spelling I was rushing and hit send noticed the error but obviously you got the point . What I did in my former productive work life had little to do with my spelling and more about making multiple systems operate seamlessly and dependably when you are counting on them the most . That’s what I was paid to do .

MrLiberty
MrLiberty

Actually, I only commented because I had to look up the word you spelled. It looked like the card game, but since I have never played it nor ever spelled it for myself….and frankly, I was surprised that this was the correct spelling of the card game. So even a spellcheck wouldn’t have caught it.

oldtimer505
oldtimer505

Banks a long time ago forgot who they are and who the customer is. They were not the center of rotation. Today they have become outlets of a much larger criminal organization commonly known as the deep state. The original old time bank is long gone. It is my humble opinion that if banks stay on its present path they will fail. I feel the new business model that is taking over the business community, this includes banks, today is one based on lie, cheat and steal. Morality and the concept of doing the right thing has for the most disappeared from society in general. This would include the banks that were and should be just money lending institutions. Now they have morphed into insurance, realtors banks and political powerhouses. Many of he old concepts are being replaced with morally weak and corrupt teachings. It is difficult to find a good old fashion handshake deal out there where two of more folks can agree on something. It would seem everything has become shades of gray.

James
James

During their teen years most white(actually all colors) males are pretty much mindless automatons interested in only one thing……,sex.

Dan
Dan

The false prosperity due to the Fed’s creation of $Trillions makes bullshit like this seem affordable. Just a variation of the malinvestments inevitably arising from an economy based on debt.

MrLiberty
MrLiberty

Indeed. People fail to realize that all this “fake money” is behind EVERYTHING we see…..EVERYTHING. And they fail to realize that NONE of this would be possible or sustainable for more than a few months, were the Fed to be abolished and sound money/banking restored. What a “simple” solution (and moral, Constitutional, etc.).

overthecliff
overthecliff

The success of American business is now assured by affirmative action boards. Find out where they live.

starfcker
starfcker

the head of the snake is Goldman Sachs

splurge
splurge

The head of the snake is Jerusalem

anarchyst
anarchyst

Henry Ford “got it right” when he CREATED a market for his cars by making them inexpensive while paying his workforce a decent wage. He realized that a well-paid workforce would be able to buy his products, among other things. It could be safely argued that Ford, CREATED the middle class. Automobiles, once “playthings for the rich” were made affordable for the “ordinary common man”.

Henry Ford KNEW who the banksters and vulture capitalists were and made no bones about calling them out and naming them, Father Charles Coughlin did the same thing and was ostracized by the Catholic Church for pointing out the TRUTH about our vulture capitalist society.

“Vulture capitalism” can be defined as the owners of businesses and industries that collude with each other, also in collusion with the “money types” (banksters) depressing wages solely to increase their stockholder “profits” at the top while impoverishing those who actually WORK, producing their products.

All one has to do is look at today’s CEOs, even in failing companies, being paid exorbitant salaries, along with stock options and other “perks” while pleading poverty, pushing down wages for their employees.

Today’s capitalist “mantra” is that labor costs must be as cheap as possible while the “value” (profit) to the stockholder must be as great as possible. Sacrificing labor on the altar of “maximum profits” NEVER works in the long term.

Of course, in the short term, with cheap Chinese goods flooding the market, the economy looks, good, but without CONSUMERS who hold jobs that pay reasonably well, all bets are off. There needs to be a balance between profits and labor.

Presently, labor is looked upon as a “necessary evil” to be minimized at all costs. The problem arises-without labor there are no consumers. As I previously stated, a “balance” must be maintained. Labor is not evil, but a necessary component of capitalism.

Pre-WW2 Germany’s economic successes and the rapid rise of the German economy was predicated on labor being assigned “value”and monetized-something that is (and has been) missing in capitalist societies today.

If labor costs need to be trimmed to assure “profit”, something is seriously wrong. In fact, in the well-paid American automobile industry, labor costs account only for approximately 10% of total costs.

Offshoring production results in consumers (customers) being “lost”.

As to “tariffs”, the American country ran on tariffs from its inception until 1913, when the “income tax” and “federal reserve” was established.

The American economy is being propped up by the “social safety net” which obscures the TRUE economic situation in the U S .

Larry Folds
Larry Folds

End onerous taxation and watch America rise. Get rid of social security, state/federal income tax, and the dependence on property taxes and you’ll see the need for jobs in the government sector decrease, private sector employment increase, and the need for “free stuff” disappear. Our nation for the first 125 years became a world power without full-time government employees and year around congresses. Then came the late 1800s tycoons and banks were corrupted, Teddy Roosevelt and his cousin finally put the nail in our coffins.

Anonymous
Anonymous

Franklin Roosevelt not Teddy. Know your history bro…

Anonymous
Anonymous

Well done well said anarchist

John Galt
John Galt

If this were an anon post I would blast you but I read a lot of your comments and have respect.

My blasting would come from the only issue I take and that is the labor you speak of are the ones buying the Chinese goods, forcing price as a focus. These same people that demand higher pay to equalize labor and profit will not buy their own product because the price is higher than cheap assed china made items. They sabotage themselves then like democrat leftist complain the company does not pay them enough and focus on the ceo pay.

The ceo is doing his job keeping the company afloat and the laborers employed by engaging the chinese companies. Simple test, how many people still shop at walmart and publix vs your local fruit stand, hardware store, neighbor owned tire and gas? Yeah my point exactly. Because walmart is $18.32 cheaper on that grocery trip. Too damn cheapass to spend the extra $75 per month on groceries to ensure an american, you own neighbor has a living wage job? But let us all complain its ceos and companies and white males as the problem.

The old saying by blue collar union members “move like molasses because they pay me by the hour not for the hour”. They want to produce as little as possible.

I personally will never forget an old black guy and i worked together he was union i was not. Night shift we had to travel and get a part from another location he went 20 mph the entire way. A round trip that would have taken an hour took 4 hours. He was singing the above quote. I told mgmt and they laughed and said this is why they get paid less and we fight them every time for a raise. If they would work hard we would gladly pay them higher if we are profitable. Instead people like him need to become a victim for their failures and need to point blame. They will never shame themselves and say they did not give 100% effort 100% of the time. This is the culture today. Its a unionized clusterfuck.

And like the Peter Principle the white males working for the diversity hires Usually are the backbone of the company. When this current generation of white makes retires it all blows up.

Larry Folds
Larry Folds

Is it just whites that meet their disapproval or is it just men or is it just white men? That’s kind of a double discriminatory act whereas they are both bigoted and racist. I’m going to ask my financial planner to divest me of those companies like Goldman Sachs.

MrLiberty
MrLiberty

And yet politically, straight white males continue to be the only group that is allowed to think for themselves (or is apparently capable of doing). From every corner of the democratic party infestation, we hear that women must vote for women (well, democrat party women), blacks must vote for blacks (well, not JC Watts, or similar republican blacks), hispanics must vote similarly, gays must vote democrat, trannies must vote democrat, etc. ONLY straight white males are allowed to pretend that they still retain the right of self-determination without somehow violating their heritage or place in this new “woke world.”

As a straight, white, male, anarcho-capitalist, I am happy to still be allowed the room to vote for whatever pieces of shit the two major parties and their “leadership” DECIDE that I will be allowed to choose from. I am truly blessed (sarc).

And relative to the article, Goldman Sachs has ALL THE DATA they need regarding corporate policies, business plans, board voting patterns/records, etc. to show clearly that gender, race, or any other factor has nothing to do with a company’s success or their ability to pay back loans. I have no doubt that affirmative action-filled board rooms have some horrible performance results, and THEY likely have the data. Their support for a change in policy would at least stand up to some real scrutiny if they published supportive data behind their decision. I’m sure that NONE exists.

JS
JS

“Get Woke, go broke.
Goldman Sachs, the company that brought you such great hits like the SCDO’s, abuse of the Credit Default Swaps and oh yeah, the Montana Power Company debacle and other company’s destructions and byouts, without a scratch are going to shoot themselves in the head with Virtue Signaling.
Karma is karma I guess.

MrLiberty
MrLiberty

With apologies to Ron Paul “When you get in bed with GOLDMAN SACHS, one must expect the disease it spreads.”

John Galt
John Galt

The goal is to destroy capitalism by forcing changes to the fundamental aspect of capitalism. Meritocracy is a core function. Forced Diversity can demolish this core. They are targeting capitalisms core functions by way of laws. So when it fails future generations assume capitalism is bad, for the Victors create the historical narative.

Just like today when i hear people talk about Hitler, how he was a nationalist, looking out for his own nation and that the banking cartel went after him and he refused, therefore went to war, a war against a fiat dollar as he wanted a gold standard. There is a completely wholesale different set of facts from what I was taught about Hitler and Germany. But all you hear about today is 6 million jews died, hitler killed many etc etc. and how nazis were bad. When you break out of their historical narrative and seek out facts they are there and will very much surprise you. Funny how we never trust govt, media, academia but we review historical narratives/books as facts without digging deeper like an investigative journalist would. The facts are there and we have only been told of a certain set that have been contorted to make the historical narrative. You may have to piece them back together because they did shred these facts. They just could not get rid of them.

Same will go for capitalism. Being called a capitalist will be as bad as being called a nazi within 30 years.

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