Goldman to Refuse IPOs If All Directors Are White, Straight Men
24th January 2020
Goldman Sachs Group Inc. Chief Executive Officer David Solomon issued the latest ultimatum Thursday from Davos. Wall Street’s biggest underwriter of initial public offerings in the U.S. will no longer take a company public in the U.S. and Europe if it lacks a director who is either female or diverse.
Sounds like a good reason not to do business with Goldman Sachs.
This is, of course, on its face racist and sexist. But I don’t think anybody will be suing them any time soon.