State Comptroller Tom DiNapoli is now proudly using his power as the sole administrator of the state’s Common Retirement Fund to push ‘diversity, equity and inclusion’ on corporate America – potentially undermining funded economies and guaranteed by the taxpayers to impose the DEI program, which is far more radical than the words of the label.
“American companies must foster and protect racial and gender equity in the workplace, in company policies and in how it interacts with customers,” DiNapoli said last week, never noticing. that “equity” is very different from “equality”. It’s not about affirmative action, it’s about outright quotas, speech codes, and “white supremacy culture” training.
This announcement follows his earlier vow to push businesses conduct “racial equity” audits of their operations, which means using consultants to to research racism as awakening defines it. He is filing shareholder proposals demanding such audits of Amazon, Chipotle Mexican Grill, Dollar General Corp., Dollar Tree, Inc. and Match Group to begin with.
He’s been working on it for a while: Last May, DiNapoli lectured Amazon: ‘The call for racial equity isn’t going away, and neither are Amazon shareholders’ – which later dismissed its proposal.
Given that the fund he manages controls $267.8 billion in assets, his push will be felt. And it doesn’t matter that any publicly traded company already faces a slew of regulators (local, state, and federal) when it comes to fair hiring, non-discrimination, and more.
His excuse is that “unfair trading practices threaten the bottom line.” So is the money wasted on these consultants.
All he really does is use the power entrusted to him to curry favor with the left and push corporate America to be even more politically correct than they already are.