Goldman Sachs to drop DEI criteria in board selections

Goldman Sachs will no longer consider DEI factors for its board of directors. The move comes after the New York City-based investment bank said it would remove DEI considerations from its funding criteria. Numerous other corporations have rolled back DEI efforts in hiring or board roles, including Meta, Google, IBM and Banck of America, to name just a few. The Wall Street Journal reports that Goldman’s decision was motivated by a request from the conservative National Legal and Policy Center, a nonprofit founded in 1991 that has previously investigated Hunter Biden, leaders of the Black Lives Matter movement and New York Congresswoman Alexandira Ocasio-Cortez.