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Exclusive | Anti-DEI Activists Target Goldman Sachs and JPMorgan Chase - WSJ

1. Activist groups pressure banks, including Goldman, to shrink DEI initiatives. 2. Proposals challenge banks' diversity practices, potentially leading to costly legal issues. 3. Goldman defends its DEI policies amid scrutiny from conservative activists. 4. Shareholder votes on proposals expected in upcoming spring meetings. 5. Past unsuccessful proposals indicate low likelihood of major changes at Goldman.

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FAQ

Why Neutral?

The pressure from activist groups may pose reputational risks, but Goldman appears resilient. Previous similar proposals faced strong opposition and were largely unsuccessful.

How important is it?

The discussions on DEI could influence Goldman’s operations, but historical trends suggest minimal impact. The involvement from activist groups adds a layer of scrutiny without immediate financial consequences.

Why Short Term?

Immediate shareholder votes may occur in spring, but effects could dissipate afterward. Long-term shifts would be required for permanent policy changes.

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