Democrats call on major companies to explain lack of diversity in asset management

The hill ^ | 06/03/2022 | Rafael Bernal

[ChicagoConservative27]

Five Senate Democrats called on the pension fund managers of 25 major companies to explain the lack diversity in the asset management industry.

“Women and people of color are dramatically underrepresented in the field of asset management,” wrote Sens. Bob Menéndez (N.J.), Elizabeth Warren (Mass.), Alex Padilla (Calif.), Tim Kaine (Va.) and John Hickenlooper (Colo.).

“Less than 1% of the $70 trillion in global financial assets under management are managed by woman or minority-owned firms. Women and people of color are also extremely underrepresented at the board and senior management levels at asset management firms,” the senators wrote.

[ChicagoConservative27]

Why is this any of their business??? God I hate these people.

[Magnum44]

The companies should tell them to eff off.

[God luvs America]

Explanation?? We are in business to make money.

[DaBroasta]

Bet none of these race pimping democRATs invest in asset management companies that make diversity their top priority.

[Chode]

what i need is an affirmative action hire asset manager, said no investor ever...

[Allegra]

Back off, busybodies! Who works where in the private sector is none of your damn business.

[blam]

There’s probably already a law against them being able to say “they’re not smart enough.”

[TonyinLA]

Because they want to make money, not lose it?

[goodnesswins]

Guess they dont understand “asset management”...sheesh...yeah, let us do affirmative action hires for financial management...and brain surgeons, too

[Mark17]

The companies should tell them to eff off.

Agree. 👍

[DrHFrog]

The statement that there is not enough “diversity” is of itself quite racist!

[OHPatriot]

I’ve had the unfortunate opportunity to work with some of the latest Diversity Hires. In my opinion they are the laziest, mean spirited, self righteous, egotistical, loud, obnoxious, and worthless examples of human beings on the face of the Earth. My 70lb Lab’s morning dump has more personality than any of these people.

[chuckee]

Seems to me these 5 Dem senators should put their money where their mouths are and move their managed assets to women and POC to manage.

[Nextrush]

Kiss my assets....

[BenLurkin]

[cherry]

but what I want to know is why the nba is so black?...where's the white people?...maybe they can do some affirmative action here to make things look more like society..

right now the nba looks more like your typical southern prison.

[Da Coyote]

I eagerly await the mass guillotine fests we’re going to have after we finally bring to the left that which they so very truly deserve. All diversity departments get the rusty unsharpened ones.

[PghBaldy]

I guess Jews are not a minority?

[ought-six]

Probably because they have a fiduciary duty to their clients, and don’t want them to lose their shirts.

[RetiredTexasVet]

Sorry, they took the easy jobs where they got paid outrageous salaries and benefits instead of jobs in business ... they work for the government.