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Diversity Hiring

All articles tagged with #diversity hiring

business2 years ago•1 min saved

Wells Fargo's Victory: Shareholder Lawsuit on Fake Job Interviews Dismissed

Wells Fargo has successfully defeated a shareholder lawsuit accusing the bank of defrauding shareholders by promoting its commitment to diversity hiring while conducting sham interviews of non-white and female job candidates. The judge ruled that the plaintiffs failed to demonstrate that the fake interviews were widespread or even occurred, and there was no evidence that the CEO and senior diversity executives were aware of them. The lawsuit claimed that Wells Fargo inflated its stock price through public statements discussing its diversity guidelines. The bank's share price fell in 2022 after news of a criminal probe into the sham interviews, but no charges or resolution have been announced yet.

via Reuters|

#business #diversity-hiring #fake-job-interviews

business2 years ago•7 min saved

The Impact of Affirmative Action Ruling on Hiring and College Admissions

The recent Supreme Court decision on race-conscious admissions in higher education is expected to have practical implications for corporate diversity policies. While the ruling does not directly impede employers from pursuing diversity in the workplace, experts believe it will discourage companies from implementing ambitious diversity policies or prompt them to rein in existing ones due to potential lawsuits. The decision may lead to increased scrutiny of policies that were already on questionable legal ground, such as leadership acceleration programs or internship programs limited to underrepresented minority groups. Conservative groups have been challenging corporate diversity policies, and more lawsuits are expected if companies do not comply with demands to limit their diversity and inclusion efforts. Overall, companies face a greater threat of litigation over discrimination against minority groups than against white individuals.

via The New York Times|

#affirmative-action #business #discrimination