Since 2015, McKinsey & Company has published at least 4 studies claiming a positive impact of diversity, equity, and inclusion (DEI) on firm performance, specifically linking DEI practices to enhanced firm profitability. A recent paper in the Economics Journal Watch, however, finds these results unreplicable, casting doubt on the validity of McKinsey's research. The paper's authors attempted a replication using data from the S&P 500, concluding that McKinsey's findings on the correlation between DEI and improved firm performance cannot be verified. This has ignited a debate on the actual benefits of DEI initiatives, with critics suggesting a shift back to prioritizing shareholder profits. The controversy has involved notable personalities like Mark Cuban, known for supporting the positive relationship between diversity and firm performance.
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
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
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
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
McKinsey’s Claim That DEI Boosts Company Profitability Doesn’t Hold Water, New Study Finds https://t.co/4mfAd8CnBl
Dude, Just Walk AWAY! Christopher Rufo Just Made Mark Cuban His BIATCH in Heated Back and Forth About DEI https://t.co/456aeQkqkO
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
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