NASDAQ now requires every company listed on its exchange to have a female and a nonwhite or gay person on its board.

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[–]Smarterthanlastweek2 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (2 children)

Good God, it's true! https://www.wsj.com/articles/nasdaq-proposes-board-diversity-rule-for-listed-companies-11606829244

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

That's how I felt too, figured this had to be some facebook level misinformation, but no... It's real.

[–]WhiteZealot 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (6 children)

Centralized exchanges like NASDAQ have been made obsolete by decentralized exchanges on crypto platforms like Ethereum.

[–]AnarchySpeach 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (0 children)

have been made

They will eventually, but that is currently not the case. There is still the chance that crypto becomes demonized (the sheep are told it's "unpatriotic") and massive bans would be put in place.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

I have investments in both. I wouldn't consider NASDAQ obsolete yet. Crypto is doing good now so everyone loves it again, but not very long ago it was in the gutter. Defi has its own set of problems.

[–][deleted]  (3 children)

[deleted]

    [–]oakenwheels 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

    Central banks have a long term strategy to dismantle the threat of crypto.

    How do you think that would happen? With all kinds of crypto coins becoming increasingly popular?

    [–]Trajan 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

    To be more specific, it requires them to have a token on the board or to explain why they do not have one. I've no idea what happens if the explanation provided doesn't satisfy party requirements.

    In theory this SEC-approved rule would compel companies to break the law by hiring based on gender, race, or sexual orientation if they don't get 'diversity' simply by hiring the best candidate. In practice there's no change. Pretty much every corporation has an HR or 'diversity and inclusion' chief, a role that where straight white males are as unicorns.

    More details: https://www.eyeonesg.com/2021/08/sec-approves-nasdaq-board-diversity-rule/

    [–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

    This is being pushed in adverts, movies, sports, video games. Get used to the agenda.

    [–]Madsea 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

    Don’t be silly, it can also be a man who “identifies” as a woman for ultimate woke points.

    [–]Yin 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

    Goldman Sachs (and others) said last year that they would start enacting this white genocidal policy by only underwriting IPOs of less white boards. "Diversity" only works one way in discrimination: against white people. All of the old money is already grandfathered in. Their double standards and hate of white people is getting very real.

    [–]IkeConn 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

    Split tails, darkies and queers will love this law. 3 people in every company will earn unimaginable wealth due to their sexual, racial and or sexual status and not much else. Boundary to entry: drug test, background check, credit check, reference check, being female, dark, or gay.

    [–]785064 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

    Regardless of skill level.

    [–]hydr0lyze 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

    Easy! Everyone was technically female at the fetal stage and nobody is actually white, as in RGB 255, 255, 255.

    [–]carn0ld03 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

    And thanks to self identification, all a corporate exec need do is declare themselves a black female to cover their boards bases. No need for surgery and they can be whiter and more male than ever.

    [–]jet199 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

    If that's via self-ID it's not really a problem.