Big win for capitalism

[Ringo]

Securities and Exchange Commission (SEC) The United States has approved a change in the listing conditions of the Nasdaq exchange, where the shares of three thousand largest high-tech public companies are listed. The rules relate to following the Diversity Management policy when forming the boards of directors of companies that are traded on Nasdaq.

Under the new rules, issuers are required to disclose the demographic breakdown of boards of directors. The board must include at least one woman, as well as at least one representative of a national minority or LGBT+.

Companies that will not be able to ensure the presence of women and minorities on the board are obliged to publicly explain why this cannot be done. Otherwise, after 180 days, they will cease to be listed on the Nasdaq exchange.
The Nasdaq survey says that 75% of companies still do not meet the requirements.

What a great news for both conservative capitalists and liberal ones. For conservatives, this is a triumph of private property and the right of a private owner to decide what to do in his business and for liberal capitalists, this is a triumph of the sexual revolution and the right of the individual to perversion. All together, capitalism continues to successfully rot and spoil the air on the planet.

 

[Claudette]

What a load of horse shit. Good Lord.

 

[dblack]

Securities and Exchange Commission (SEC) The United States has approved a change in the listing conditions of the Nasdaq exchange, where the shares of three thousand largest high-tech public companies are listed. The rules relate to following the Diversity Management policy when forming the boards of directors of companies that are traded on Nasdaq.

Under the new rules, issuers are required to disclose the demographic breakdown of boards of directors. The board must include at least one woman, as well as at least one representative of a national minority or LGBT+.

Companies that will not be able to ensure the presence of women and minorities on the board are obliged to publicly explain why this cannot be done. Otherwise, after 180 days, they will cease to be listed on the Nasdaq exchange.
The Nasdaq survey says that 75% of companies still do not meet the requirements.

What a great news for both conservative capitalists and liberal ones. For conservatives, this is a triumph of private property and the right of a private owner to decide what to do in his business and for liberal capitalists, this is a triumph of the sexual revolution and the right of the individual to perversion. All together, capitalism continues to successfully rot and spoil the air on the planet.

I was sure this was joke.

Sadly, it's not.

 

[LibertyKid]

I have no idea how or why this should be even mandated. I'm all for the rights of minorities, but requiring such, of a business is over reach. The line in the sand is so delicate.

 

[task0778]

No link. Ringo totally made it up. What an asshole.

 

[Ringo]

No link. Ringo totally made it up. What an asshole.

SEC.gov | Statement on the Commission’s Order Approving Exchange Rules Relating to Board Diversity

Statement on the Commission’s Order Approving Exchange Rules Relating to Board Diversity Commissioner Elad L. Roisman August 6, 2021

www.sec.gov

Go f**k yorself

 

[task0778]

This is NOT a big win for capitalism you dipstick, it's a win for big gov't control of our economy. IOW, a win for socialism. I think the Supreme Court will rule it as unconstitutional.

 

[pknopp]

75% of companies still do not have a woman or minority on their board? Whether or not you believe it should be forced this is a sad statement.

 

[dblack]

This is NOT a big win for capitalism you dipstick, it's a win for big gov't control of our economy. IOW, a win for socialism. I think the Supreme Court will rule it as unconstitutional.

I should be ruled unconstitutional, but I'm not confident the Court gives a shit.

 

[Ringo]

This is NOT a big win for capitalism you dipstick, it's a win for big gov't control of our economy. IOW, a win for socialism.

It is interesting that when capitalists traded slaves, it was a big government or socialism...

 

[task0778]

It is interesting that when capitalists traded slaves, it was a big government or socialism...

Has nothing to do with the SEC trying to force diversity into private enterprise.

You do realize that slavery pre-dates capitalism by quite a few centuries, right?

 

[Ringo]

You do realize that slavery pre-dates capitalism by quite a few centuries, right?

You are ignorant fool.

 

[Darkwind]

Securities and Exchange Commission (SEC) The United States has approved a change in the listing conditions of the Nasdaq exchange, where the shares of three thousand largest high-tech public companies are listed. The rules relate to following the Diversity Management policy when forming the boards of directors of companies that are traded on Nasdaq.

Under the new rules, issuers are required to disclose the demographic breakdown of boards of directors. The board must include at least one woman, as well as at least one representative of a national minority or LGBT+.

Companies that will not be able to ensure the presence of women and minorities on the board are obliged to publicly explain why this cannot be done. Otherwise, after 180 days, they will cease to be listed on the Nasdaq exchange.
The Nasdaq survey says that 75% of companies still do not meet the requirements.

What a great news for both conservative capitalists and liberal ones. For conservatives, this is a triumph of private property and the right of a private owner to decide what to do in his business and for liberal capitalists, this is a triumph of the sexual revolution and the right of the individual to perversion. All together, capitalism continues to successfully rot and spoil the air on the planet.

So, Government can regulate business this way, but they cannot prevent businesses from censoring people.

If you clowns had any consistency, the world would stop spinning.

 

[PatriotJohn888]

Stupid fucking liberals aren't going to rest until they dumb down every fucking thing. Maybe women want to stay the fuck home. Did you ever think of that?
"You must include a black guy or a trans person" should be insulting to those minorities who have busted their ass to be on those boards.

 

[pknopp]

Stupid fucking liberals aren't going to rest until they dumb down every fucking thing. Maybe women want to stay the fuck home. Did you ever think of that?
"You must include a black guy or a trans person" should be insulting to those minorities who have busted their ass to be on those boards.

and it would seem, still can't.

 

[PatriotJohn888]

and it would seem, still can't.

Bullshit. If they want to be there, they will be.

 

[pknopp]

Bullshit. If they want to be there, they will be.

I doubt that they are only on 25% of the boards or less because that's all they are interested in.

 

[PatriotJohn888]

I doubt that they are only on 25% of the boards or less because that's all they are interested in.

Well the fact that you "doubt it" really does it for me. Its asinine.