Wall Street giant Morgan Stanley eases diversity emphasis in annual report

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Wall Street giant Morgan Stanley eases diversity emphasis in annual report

(Reuters) - Morgan Stanley toned down its emphasis on diversity in its latest annual report published on Friday, signaling a recalibration as businesses adapt to a changing reality under President Donald Trump's administration.

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Another Wall Street Giant Retreats from Its DEI Efforts | The Star News Network

by Ireland Owens   Citigroup has become the latest major financial institution to retreat from some of its diversity initiatives. Citigroup CEO Jane Fraser told staff in a Thursday memo that the company is walking back some of its diversity policies, including renaming its diversity, equity and inclusion (DEI) team and also getting rid of “aspirational representation goals except as required by local law.” The bank’s decision comes amid growing …

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Another Wall Street Giant Retreats from Its DEI Efforts

by Ireland Owens   Citigroup has become the latest major financial institution to retreat from some of its diversity initiatives. Citigroup CEO Jane Fraser told staff in a Thursday memo that the company is walking back some of its diversity policies, including renaming its diversity, equity and inclusion (DEI) team and also getting rid of “aspirational representation goals except as required by local law.” The bank’s decision comes amid growing …

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Morgan Stanley reduced its emphasis on diversity in its annual report released on Friday, reflecting the changed realities under President Donald Trump, Reuters reports.

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Wall Street giant Morgan Stanley eases diversity emphasis in annual report - Blue Water Healthy Living

(Reuters) – Morgan Stanley toned down its emphasis on diversity in its latest annual report published on Friday, signaling a recalibration as businesses adapt to a changing reality under President Donald Trump’s administration. The report omitted the bank’s past statement that “a diverse and inclusive workforce is important to Morgan Stanley’s continued success.” Instead, the report now says: “meritocracy is at the heart of Morgan Stanley’s tale…