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Wealth anchor Brad Smith highlights President Trump’s initiative to roll back diversity, equity, and inclusion (DEI) programs. with the commander-in-chief targeting key initiatives like racial bias training and nondiscriminatory hiring practices.
Critics argue these programs come at a cost, while data from Citigroup shows discrimination has cost the US economy $16 trillion between 2000 and 2020.
Despite this, companies like Nasdaq (NDAQ) and JPMorgan Chase & Co. (JPM) are standing firm on their DEI values. Costco (COST) shareholders recently voted to defend diversity policies, and Apple (AAPL) faces a similar vote in February.
Catch Nasdaq CEO Adena Friedman address this shift in Corporate America's policies from the World Economic Forum (WEF) in Davos, Switzerland.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Josh Lynch
