Corporate America's Strategy Of Mob Appeasement Will Destroy it
"Twenty-six years ago, Morgan Stanley hired Marilyn Booker as their first diversity director...
Now
Booker is leading a group of black women in suing the company...charging that the firm systematically discriminates against black employees.
The suit comes after a notably active week for the investment bank’s activism.
Since Black Lives Matter blasted back into our Alzheimer’s-addled news cycle, Morgan Stanley’s chief executive, James Gorman, committed $25 million to a new internal “diversity” effort, sent $5 million to the NAACP, promoted two black women, and sent an email about it all to staff. For his efforts, he was personally named in Booker’s lawsuit.
But
Morgan Stanley is not uniquely stupid for empowering an activist whose sole job was to call them racists.
For decades, corporate America has launched similar efforts in the
vain hope that money, press releases, and choice divestments could virtue-signal them out of the mob’s cross-hairs and even hurt their competitors.
None of it saves them.
On the contrary,
moves to embrace the mob have placed corporations more clearly in their sights than they were before.
At root is the reality that
corporations are cowardly, and there’s a reason for that.
...The list goes on, but one thing remains constant: Soon enough, as company after company and job after job are forced to climb to the guillotine, the
corporations paying the bills get closer and closer to the front of the line.
The left employs this tactic because it works.
...Now
the mob is both inside the door and at it, its
supporters running H.R. departments and manning diversity posts while boycotting, threatening and suing from outside...
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