'MERITOCRACY IS BACK': Wall Street GIANT scraps DEI criteria for board picks

• Goldman Sachs is reportedly removing DEI criteria for its board of directors, as reported by the WSJ.
• Panelists generally view this as a positive step towards merit-based qualifications for board positions, with one stating 'meritocracy is back.'
• Concerns are raised about whether other companies, including those previously influenced by Goldman Sachs' DEI policies, will genuinely follow suit or merely rebrand their approaches.

The segment discusses Goldman Sachs' decision to scrap Diversity, Equity, and Inclusion (DEI) criteria for its board selection, a move seen by some panelists as a return to meritocracy. While panelists express approval of the shift, questions are raised about the sincerity and potential broader implications for corporate governance and hiring practices across other firms.