Bahnsen Group founder and managing partner David Bahnsen joins The Big Money Show to discuss the changing direction of DEI and ESG investing in companies, UFC CEO Dana White joining Meta’s board and the ongoing wildfires in California.
CEO of Meta Mark Zuckerberg reportedly blamed parent company Facebook’s push for diversity, equity and inclusion (DEI) on a longtime former executive at the tech giant.
The The New York Times reported that as Zuckerberg set out to root out DEI programs at Meta—the parent company of Facebook, Instagram, and Threads—he met with Stephen Miller, a key aide to President-elect Trump.
At that meeting, Zuckerberg took the blame Sheryl Sandberga former chief operating officer at Meta who left the company in 2022, because of an inclusiveness initiative that sought to encourage employees to express themselves in the workplace, according to a Times report.
Zuckerberg also signaled to Miller that he foresaw Meta’s policy changes and made it clear that he had no plans to stand in the way of the new administration’s efforts to bring DEI culture back to corporate America, according to the report.
META TERMINATES CORPORATE DEI PROGRAM
Former Met CEO Sheryl Sandberg is known as an advocate for gender equality in the workforce. ((Photo by Paul Marotta/Getty Images)/Getty Images)
Sandberg is known as the author of Lean In: Women, Work, and the Will to Lead, which aimed to address the lack of women in corporate and political leadership roles to help women achieve their career goals. She also founded the Lean In organization, a non-profit organization that fights against gender inequality in the workplace, and is the chairman of the board.
FOX Business has reached out to a representative for Sandberg for comment.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| TARGET | META PLATFORMS INC. | 612.77 | +1.47 |
+0.24% |
Last week, Zuckerberg’s changes took effect at Meta with the announcement that the company would be discontinuing its own corporate DEI program.
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Sandberg left Meta in 2022. (Kevin Dietsch/Getty Images/Getty Images)
Meta Vice President of Human Resources Janelle Gale wrote in a memo to employees that “the legal and policy landscape surrounding diversity, equity and inclusion efforts is changing.”
Gale’s memo was first reported by Axios, and Meta confirmed the report in response to an inquiry from FOX Business.
The letter stated that recent decisions by Supreme Court they had the effect of “signalling a change in the way the courts would approach DEI”, which contributed to the change.
“The term ‘DEI’ has also come under fire, in part because it is understood by some as a practice that suggests preferential treatment of some groups over others,” Gale wrote in a memo first reported by Axios.
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Meta CEO Mark Zuckerberg recently nixed the tech giant’s DEI initiative. (Reuters/Manuel Orbegozo/Reuters)
With this announcement, Meta has immediately ended its DEI recruitment, training and supplier selection programs.
Meta’s new COO, Joel Kaplan, spoke to Fox News Digital’s Brooke Singman about the changes and said, “Ultimately this is about doing what’s best for our company and making sure we’re serving everyone and building teams with the most talented people.”
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“That means evaluating people as individuals and finding people from a pool of candidates, but never making hiring decisions based on protected characteristics like race or gender,” Kaplan explained.
Fox News Digital’s Brooke Singman contributed to this report.
