Jamie Dimon, head of JP Morgan, arguably America’s and therefore the world’s Number One banker, is to boldly ‘punch back’ on laws in Texas requiring firms that do business with the state to pursue ESG.
Janelle Gale, Meta’s vice president of human resources, said in a memo that ‘the legal and policy landscape surrounding diversity, equity and inclusion efforts in the United States is changing’.
Since then and ahead of Trump’s inauguration, US corporations lined up one by one to publicly announce a scaling back of their wokeness.
Some of the biggest and until recently PC names on Wall Street, including JP Morgan, Goldman Sachs, Morgan Stanley, are publicly rowing back.
The six letters that have so dominated government and corporate behaviours these past few years were destined for the dump truck - the new US President, leader of the free world no less, was saying so.
