What all of this boils down to is that mergers generally hurt everyone except the CEOs. This is why America used to have robust anti-trust laws that prevented greedy capitalists from gobbling up too many businesses, reducing competition, and slashing jobs just so they could make more than the insane amount of money they already have. Unfortunately, those laws have been eroded more and more since the Reagan era.
Wrong. Diversity is the natural state of humanity. If you hire fairly and without bias, you automatically get a diverse group, because talented and capable people naturally exist in every gender and ethnic group. The artifical filters are imposed by the people who perpetuate institutionalized white male privilege, who favor those who fit into the traditionally dominant group rather than hiring fairly. Part of the way institutionalized discrimination perpetuates itself is by propagating the lie that uniformity is the automatic default and diversity is the artificial construct. Which carries with it the unspoken bigoted assumption that only white men are capable of succeeding without artificial help because everyone else is inferior.
Good point.
the discussion of diversity is very complicated and nuanced. I doubt any forum could due justice to any examination of the concept. And, to be fair, not my area of specialization so my experience is limited to just my hiring practices when I was in the role. On an aggregate level what you say makes total sense from a statistical pov. However, there are mitigating issues, not the least of which you need a minimum sample size of 30 to even be slightly significant but…
And , for the record, when I was a hiring manager I took very seriously the federal civil rights act which “Prohibits discrimination in hiring, compensation, and terms, conditions, or priveleges of employment based on race, religion, color, sex, or national origin”. I purposely sought out people with perspectives different than mine. I didn’t want to hire a “yes man” …and, to your point, I had a very diverse team. Having never been on a board, I’m guessing they hire like minded individuals and, as a result, they may all resemble each other. Pure speculation, mind you.