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Goldman Sachs CEO: We Will Deny Business to Companies with Too Many White Men on Their Boards

Woke capitalism strikes again.

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Goldman Sachs CEO David Solomon said earlier this week that their globalist banking firm will no longer take companies public f there are too many white men on their board of directors.

Solomon claims that they are instituting this mandate because U.S. companies perform “significantly better” when diversity quotas are followed.

“Starting on July 1st in the U.S. and Europe, we’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women,” Solomon said on CNBC’s “Squawk Box” during the World Economic Forum in Davos, Switzerland. “And we’re going to move towards 2021 requesting two,” he added.

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Solomon claims that Goldman Sachs is willing to lose business in order to promote diversity, showing their steadfast commitment to the globalist project.

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“Look, we might miss some business, but in the long run, this I think is the best advice for companies that want to drive premium returns for their shareholders over time,” Solomon said.

Goldman Sachs, which has an extensive history of abhorrent business practices and taking government bailouts, is trying to gloss over their past through an embrace of wokeness. They have four women on their 11-person board, which they tout as if it is some kind of accomplishment.

“This is an example of our saying, ‘How can we do something that we think is right and helps moves the market forward?’” Solomon said.

In addition to supporting diversity, Goldman Sachs also helps push alarmist propaganda about the bogeyman of climate change:

Goldman Sachs this month released a report on the effects of climate change on cities around the world, and it makes for grim reading.

The bank’s Global Markets Institute, led by Amanda Hindlian, warned of significant risks to the world’s largest cities, which are especially vulnerable to more frequent storms, higher temperatures, rising sea levels, and storm surges.

“Cities generate roughly 80% of global GDP and are home to more than half of the world’s population today, a share that the United Nations projects will reach two-thirds by 2050,” the report said. About 40% of the population lives within 100 kilometers of a coast, and one in 10 people live in areas less than 10 meters above sea level, it said.

Goldman highlighted three cities that could be subject to storm surges and could face harmful flooding: New York, Tokyo, and Lagos. It said several others that are less than 11 meters above sea level — including Miami, Florida; Alexandria, Egypt; Dhaka, Bangladesh; and Shanghai, China — also faced major flood risks.

Goldman’s researchers said they started with the scientific consensus that “human activity — principally the emission of greenhouse gases — is causing the earth to warm in ways that are affecting the climate.”

They said that natural ecosystems would be damaged, human health would be threatened, and food and drinking-water systems would be pressured. For example, agriculture would be massively affected, as “warmer temperatures and shifting precipitation patterns could reduce yields and nutritional quality as well change growing seasons and agricultural zones around the world.”

Corporate America is happy to participate in the scam of multiculturalism, and Goldman Sachs is a particularly revolting example of that.

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Big League Economics

OUT OUT OUT: Study Shows That Each Illegal Alien is Up to a $6,500-Per-Year Burden for the U.S. Taxpayer

The cost of illegal immigration is massive.

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A ground-breaking new study has shown that illegal immigrants cost the U.S. taxpayer approximately $6,500 per year by soaking up welfare cash and other government benefits after they break the law to enter the country.

The study, commissioned by the Federation for American Immigration Reform (FAIR), showed that that small states are particularly burdened by the illegals, and the money and services are going to aliens instead of veterans, children, and the disabled.

FAIR surveyed ten small states and determined that illegal immigration cost them an average of $454 million per year.

“To put that figure into context, that $454 million expenditure is more than 200 times what the state of Montana budgets for its entire Veterans Affairs program, and it is 2.5 times the total sum that West Virginia invests in its state university,” the report states.

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Dan Stein, president of FAIR, notes that the native populations of these small states are getting squeezed the most by the burden caused by illegal immigrants. These individuals are essentially being replaced as a once-great nation transforms into a globalist economic zone.

“In many ways, the influx of immigrants into less populous areas of the country has an even greater impact on long-time residents than it does in larger and more urban areas,” Stein said.

“These areas have neither the tax base, nor the economic and social infrastructure to accommodate the needs of the growing numbers of immigrants taking up residence,” he added.

The FAIR study, Small Migrant Populations, Huge Impacts, analyzed Alaska, West Virginia, South Dakota, Vermont, Wyoming, New Hampshire, Montana, Mississippi, North Dakota and Maine to discover their startling conclusions regarding the costs of illegal immigration.

“Many local officials tout immigration, including illegal immigration, as a remedy to economic stagnation. However, as this report reveals, the reality is precisely the opposite,” Stein said.

“Illegal immigration, in particular, drives down wages and inhibits job opportunities for legal residents, while bringing more low-skilled, low-wage workers to these states. In turn, this increases costs to state and local governments, and discourages investment by businesses seeking a skilled labor force and lower overhead,” he added.

FAIR released the following video to accompany their newly released study:

“This report highlights the fact that the adverse effects of unchecked mass immigration, combined with an immigration selection process that does not choose people based on individual merit, job skills and education, are now being felt in all parts of the country,” Stein explained.

“Americans, in every part of the nation, are being affected by antiquated and unenforced immigration policies, which is why it is at the top of the list of voter concerns heading into the 2020 elections,” he added.

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