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Exclusive | Goldman Sachs Removes Mentions of ‘Black’ From Flagship Diversity Pledge - WSJ

1. Goldman Sachs is revising its diversity program to remove racial references. 2. The 'One Million Black Women' program will now include low-income populations. 3. Supporters fear changes may reduce funding for diversity initiatives. 4. Goldman is adjusting to avoid legal issues from current political pressures. 5. The bank aims to stay compliant with regulations while minimizing funding loss.

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FAQ

Why Neutral?

Goldman's operational changes reflect strategic adjustments rather than immediate financial threats, consistent with past responses to similar scrutiny.

How important is it?

While this news impacts Goldman’s DEI strategy, it doesn't present imminent threats or opportunities for stock performance.

Why Long Term?

These program adjustments may impact Goldman’s reputation and funding allure over time, similar to shifts seen in corporate diversity practices post-2016.

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