A recent paper published in Econ Journal Watch has challenged the credibility of McKinsey & Company's studies on the positive impact of diversity, equity, and inclusion (DEI) policies on firm performance. These studies, which began in 2015 and include at least 4 reports, have been influential in justifying DEI programs across major corporations. However, the new research indicates that the results of McKinsey's studies, which used data including the S&P 500, cannot be replicated, casting doubt on the claimed correlation between DEI and improved company profitability. Critics argue that this revelation undermines the basis for DEI initiatives that have been widely adopted in the corporate world. The debate has also involved public figures such as Mark Cuban, who has been a vocal supporter of the positive relationship between diversity and firm performance.
DEI: New Study Shows McKinsey’s Studies Promoting DEI Profitability Were Garbage https://t.co/jDGHsswnBW
Even if “every single person” on X disagreed with him, Cuban says he’d stick by DEI. https://t.co/CA3fo7h1kH
New Study Shows McKinsey’s Studies Promoting DEI Profitability Were Garbage https://t.co/C6Lpq8S5Wr
McKinsey studies claiming DEI is profitable for US firms debunked by professors at Econ Journal Watch https://t.co/6PRFDcvPlo https://t.co/6PRFDcvPlo
They added another letter to DEI: Diversity, Equity, Inclusion & Are you f*cking kidding me? https://t.co/ESUQqvBwbM
Harvard professor calls to end mandatory DEI statements https://t.co/OMEmFT5VvP https://t.co/OMEmFT5VvP
DEI activists don’t actually believe in “diversity.” What they believe is that our institutions are too white, too straight, and too male, and that we should make them less so — even if we have to fudge a couple numbers here and there on the way. https://t.co/780l5vCMtk
Harvard Law professor urges university to 'abandon' DEI statements: 'Ideological pledges of allegiance' https://t.co/5gEPotPGab
One thing that I hope people here will appreciate about Mark Cuban is that unlike so many, he is at least willing to have a conversation with those he doesn't see eye to eye with. He's not likely to change his mind on DEI. And neither are those debating them. But the purpose… https://t.co/jwymM2iFGS
Seriously, can anyone imagine @McKinsey publishing a study finding that DEI is bad? https://t.co/6J2XAHQAfY
Mark Cuban’s post today to Christopher Rufo and Jordan Peterson in their debate about DEI, followed by Rufo’s response. https://t.co/sSqs9Up7IQ
Pretty amazing thread. Practically every major institution in America based their DEI programs on these studies, which claimed to "prove" that diversity was good for business. Now, we know those studies were bogus. https://t.co/r6KXWFTjNM
DEI is code for left-wing racialism, scapegoating, and discrimination. We aren't going to stop until the red line hits bottom. https://t.co/aTGK6qMZQG
Here's why this is such a big deal: These McKinsey studies were the gold standard in the DEI industry. Nearly every major institution in America cited them to justify their DEI programs. Turns out, it was all a lie. The studies were false. Let's look at a few examples...🧵 https://t.co/47hUSUp2Ij
DEI programs hurt academic outcomes by undermining teachers and students. They also push divisiveness, intolerance, and exclusion—all things they claim to be fighting against. https://t.co/hrjVgqSO0v
EQUITY: Blacks who ‘earned it’ are realizing DEI policies create the presumption that they ‘didn’t earn it’. DEI is making our schools worthless, air travel dangerous, and our military toothless. The US needs to return to a colorblind merit based system. https://t.co/yPnbBaaSXc
They’re trying to change the definition of DEI to be a racial slur as a mechanism to control our speech. They want you to be afraid to discuss it. Don’t fall for it. No sane person believes you mean to say a racial slur when you criticize DEI. DEI IS racism and deserves to die. https://t.co/FjUmIFSiCH
Those McKinsey studies that found statistically significant positive correlation between firm EBIT and the ethnic diversity of the executive suite? Can't be replicated. https://t.co/IejZU9rux1
You might have heard the right’s latest new buzzword—DEI. What is it, and what are its critics so afraid of? https://t.co/xdP9cV0eZp
The insanity of DEI strikes again. https://t.co/EBHuac8QkJ
If you aren’t paying attention to this ongoing debate on DEI between Mark Cuban, Christopher Rufo and Colin Wright, you ought to be. https://t.co/lcY0Fxtr3t
Mandatory DEI Statements Are Ideological Pledges of Allegiance. Time to Abandon Them. | Opinion | The Harvard Crimson https://t.co/0p211YcPK2
Wow! Randall Kennedy of Harvard Law School argues for abandoning DEI statements, calling them ideological pledges of allegiance. He argues many academics feel an "intense and growing resentment against the DEI enterprise," and that DEI statements reveal the heart of the issue. https://t.co/se9kdp6Kvr
If you are not following this ongoing debate, you are missing a great show. Mark Cuban had no idea how DEI works in the real world. In the real world, if your CEO says diversity is a company priority, the managers begin overtly discriminating against White males and it never… https://t.co/4O5GctHp2d
Mandatory DEI Statements Are Ideological Pledges of Allegiance. Time to Abandon Them. “By requiring academics to profess — and flaunt — faith in DEI, the proliferation of diversity statements poses a profound challenge to academic freedom.” https://t.co/6M5dSHdwoP
McKinsey’s Claim That DEI Boosts Company Profitability Doesn’t Hold Water, New Study Finds Claims made by global consulting firm McKinsey that diversity, equity and inclusion policies (DEI) increase a company’s profitability don’t hold water, according to a Monday report from… https://t.co/8O3UNpPKsB
Minorities Don't Need DEI If They're Actually Qualified For The Job | ZeroHedge Woke progressives have spent a considerable amount of time and energy over the past several years trying to hide and deny the existence of the Diversity, Equity and Inclusion agenda. The reasons are… https://t.co/PKcrWY1d7P
Mandatory DEI statements are ideological pledges of allegiance. Time to abandon them. @Harvard_Law Prof Randy Kennedy makes the case in @thecrimson series with @cafharvard https://t.co/9qDLuL4Kxq
McKinsey’s Claim That DEI Boosts Company Profitability Doesn’t Hold Water, New Study Finds https://t.co/4mfAd8CnBl
McKinsey's research "diversity increases company's performance and profits" cannot be replicated https://t.co/3oobP3C9Um
Newly published research dismantles McKinsey's touted link between diverse executive teams and financial success, revealing flaws in methodology and casting doubt on the efficacy of diversity initiatives. https://t.co/zJqNTSdCrV
people really, really hate McKinsey and DEI https://t.co/fsRLtr6OfV https://t.co/6wSUXLbOsQ
Starting a decade ago McKinsey, one of the richest and most well-connected management consulting companies, produced a whole series of studies claiming dramatic improvements to business success when companies prioritized “diversity” for their executives, rather than just merit.…
What’s stunning about Mark Cuban’s defense of DEI is that he says things that are verifiably false. A couple examples: - “DEl does not mean you dont hire on merit. Of course you hire based on merit.” - “Only a moron thinks DEI is about quotas” https://t.co/CH62zycJJj
Dude, Just Walk AWAY! Christopher Rufo Just Made Mark Cuban His BIATCH in Heated Back and Forth About DEI https://t.co/456aeQkqkO
McKinsey's bizarre regressions of executive diversity against firm-level financial performance are not only potentially reverse-causal, they don't replicate in newer data. https://t.co/EeKHiEvki0 https://t.co/5YHvwmEkHg
He never learns. Dude, Just Walk AWAY! Christopher Rufo Just Made Mark Cuban His BIATCH in Heated Back and Forth About DEI https://t.co/BN9IE8ataG
Global consulting firm McKinsey getting called out for questionable research reports touting the value of DEI in the workplace. Problem is, critics say it can’t be replicated. https://t.co/LQ4VQ8L0cg
"Beginning in 2015, McKinsey & Company has released a series of highly impactful studies claiming a positive relationship between executive racial/ethnic diversity & firm performance. … McKinsey findings cannot be verified, and they do a replication of sorts using the S&P 500,…
Wow. It turns out DEI studies by @McKinsey are not reproducible. Can we refocus companies on profits for their shareholders now? https://t.co/ICumGgBvji
For years, major corporations cited these McKinsey studies to justify their DEI programs. Turns out, they were all totally bogus. Tough to overstate how damning this is. https://t.co/dlIn90rJfd
🚨 This is a bombshell report. For years, corporations cited these studies to justify DEI programs. Turns out, that was all a lie. The idea that DEI leads to better results was always ridiculous. That was obvious to anyone who was paying attention. Now we have official proof. https://t.co/47hUSUp2Ij
inb4 the New York Post sees this tweet and writes a story like ''McKinsey lied about DEI improving firm performance, new study reveals'' such a story would probably do gangbusters https://t.co/6wSUXLbOsQ
Hasn't @mcuban spent the past few months loudly arguing that there is a positive relationship between diversity and firm performance? Wonder what he thinks about this new study 🤓 https://t.co/6wSUXLbOsQ
Over the past few years, @McKinsey has released at least 4 studies claiming a positive relationship between DEI and firm performance. A new paper published today in @EconJWatch finds these results can't be replicated. ''Our inability to [replicate] their results suggests that… https://t.co/W2qKHasLRy
Minorities Don't Need DEI If They're Actually Qualified For The Job https://t.co/SB3uTlhGxy
Proponents of DEI now say DEI is racist. Finally, something we can agree on!
DEI, as currently conceived, actively undermines & demonises critical thinking & that appears to be a very bad thing.
This tweet from @Carnage4Life is right on. No company that is on a roll ever hires McKinsey. https://t.co/uW4RKSrTHK