CEO of IBM @ArvindKrishnaadmits to using coercion to fire people and take away their bonuses unless they discriminate in the hiring process […] After pulling ads from X for ‘racism,’ IBM chief Arvind Krishna says he will fire, demote or strip bonuses from execs who don’t hire enough blacks, Hispanics — or hire too many Asians
When cultural Marxists marched through the institutions, big corporations were high on the list. Look at Silicon Valley. Big business isn’t looking for free market capitalists in management, they want rent seekers unburdened with morality. It’s been that way for decades.
Probably a master’s degree in the Humanity and gender superiority at Yale University.
What would be a reasonable timeline expectation to see this type of deliberate self sabotage show up in negative business performance? IOW what short would make sense? Is there a “180-opposite-of-blackrock” investment fund out there?
Or how do we start one of those..
Did I hear that guy say that they’re now at 40% women, gotta get to 30 % black hires, hispanics to the low teens?
So that leaves how much space for white males and Asian tech workers??
I just don’t understand what is going on anymore
Sid, he said blacks should be around 13%.
My guess is that to meet the targets they’ll need to fire a whole bunch of Asians and white males.
Imagine these people involved or even supervising the algorithms and development of ‘artificial intelligence.’
God forbid..
An AI unit with a stutter.
So this Krishna character isn’t the one they chant about?
When diversity hires get uppity……..
An oldie from Oz…..the minority hire:
https://www.youtube.com/watch?v=14S0JHnXhn8
Racism and sexism is so hot right now. These sociopaths just want to be popular. It’s not their fault you were born white (or asian) or male. Just gay it up (or convert to Islam).
“too many asians”. Ha. When you’re running a computer company you can never have too many asians.
Sell ibm or short it.
Hmmm …
Could excluding asians and whites be racist? Nah .. DEI rocks!
That should be DIE.
If Arvind Krishna became the CEO of the Raptors, or any other NBA team, one wonders how he’d manage the situation!
Permanent last place in the league would be guaranteed starting in the second year of his leadership.
It’s sad to see IBM morph from a proud customer service driven meritocracy to a firm where social engineering dominates.
NBA in 2022:
Black – 73.2%
White – 16.8%
Latino – 33.16%
Asian – 0.4%
The answer is obvious: The over represented Asians at IBM should go play basketball in the NBA. Problem solved!
Everyone knows white guys can’t jump. So the NBA is a blatant example of meritocracy.
Yup, applies to all sports. Where are the white sprinters or the black swimmers? Why do Kenyans dominate in marathons?
Why do female high jumping and pole vault events feature (usually) gorgeous white chicks? (Hint – smaller asses to get off the ground.)
This a tragedy of the commons market failure. IBM as an organization must meet the needs of the shareholders and the market or it will fail. Individual employees don’t care and this includes the CEO. The individuals at the company are maximizing their personal utility (money, social status, whatever) at the expense of the group resource (IBM market goodwill).
The fact that in the long run their personal actions (including the featured mid-wit in the video) will eventually sink the very ship they are riding in doesn’t matter to them. In the short run it benefits them now. And this short sighted viewpoint is at fault for many similar tragedy of the commons failures such as Disney or journalism.
Once these organizations perish there will remain others that worked on building long term value.