00:00It's Benzinga bringing Wall Street to Main Street.
00:02McDonald's is scaling back its diversity initiatives following the Supreme Court's
00:052023 decision banning affirmative action in college admissions. The company announced
00:10it will retire goals for senior leadership diversity and end the supplier program
00:15encouraging diversity training. It also plans to pause external surveys
00:19measuring workplace inclusion, a step taken by other companies like Lowe's and Ford.
00:24The move reflects a broader trend among corporations, including Walmart and Harley
00:27Davidson, that have rolled back diversity, equity, and inclusion efforts amid political
00:32and legal pressures. The company will rebrand its DEI team as the Global Inclusion Team
00:37and continue reporting demographic data while emphasizing a diverse workforce
00:41as a competitive advantage. For all things money, visit Benzinga.com.
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