Diversity Activists Target Goldman, Citigroup

The video discusses activist investors pushing for diversity data from banks like Bank of America and Wells Fargo. These investors, though small, influence companies by highlighting diversity issues. They aim to raise awareness rather than secure shareholder votes. Transparency in diversity data has led to improvements in Silicon Valley, and similar actions are expected in the financial sector. The video also covers the availability of diversity data, the performance and moral arguments for diversity, and the role of the SEC in handling these proposals.

What is the primary focus of the activist investors mentioned in the video?

• Expanding global market reach

• Increasing profits for banks

• Promoting sustainable investing and diversity

• Reducing operational costs

How have companies like Google and Facebook responded to diversity transparency?

• By ignoring the demands

• By releasing regular diversity reports

• By reducing their workforce

• By increasing their marketing budget

What is one of the main challenges faced by the financial sector in terms of diversity?

• High operational costs

• Lack of awareness about diversity issues

• Low customer satisfaction

• Limited access to global markets

What argument do activist investors use to promote diversity in companies?

• It reduces the need for training

• It is a cost-saving measure

• It increases short-term profits

• It leads to better decision-making

What is the potential outcome when companies engage with activist investors?

• Increased shareholder meetings

• Withdrawal of diversity proposals

• Reduced market share

• Higher employee turnover