Episode Details

Story of the Week (DR):

Trump signed an order ending DEI. Here’s what it means for Fortune 500 companies

Trump’s latest presidential moves mandate government agencies to specifically target companies in the private sector engaged in what it describes as “illegal DEI discrimination and preferences.”

Despite the intended chilling effect of these executive moves, multiple legal sources point out that Trump’s order and action do not constitute a change in the law. Rather, the language used in the order simply “enforces longstanding federal civil rights laws,” says Britney N.D. Torres, senior counsel at employment law firm Littler.

Trump’s executive moves just mean that companies will have to continue to carefully review their DEI-related policies, practices and initiatives based on longstanding anti-discrimination laws, and make sure they can’t be interpreted in a way that is different from what they intended, she says.

This week in Davos, Jamie Dimon reaffirmed JPMorgan’s DEI commitments after the National Legal and Policy Center, a conservative nonprofit, proposed the bank revisit how compensation is tied to the company’s racial-equity goal. “Bring them on,” said Dimon referring to the efforts from right-leaning groups. “We are going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community.”

Will this ever trickle down to JPM leadership?

15 on Operating Committee: 1 POC (an Indian man–Sanoke Viswanathan, CEO of International Consumer and Wealth–who came from McKinsey); 7/15 F though so some credit due

Board: nearly 50% F but a woeful -21% gender gap; no leadership positions on board or top 3 committees: only committees where women have power are Public Responsibility Committee and Risk Committee; 11 on board: 9 WM and 2 BF

Can we stop pretending board and shareholder oversight is a thing? DR

JPMorgan CEO Dimon's 2024 pay rises 8.3% to $39 million after record profit

Disney CEO Bob Iger’s Pay Package Rises 30% to $41.1 Million in 2024

Barclays proposes 45% increase in CEO pay under new bonus-linked scheme