State Street Hypocrites

The Wall Street Journal recently reported in one of those typical feel-good-right-side-of-history stories, written almost always by its female reporters, that financial firm State Street, based in, where else, Boston, is insisting that companies it does business with put more women on those company’s boards and that it would vote against board members who were insufficiently enthusiastic with such causes.

It’s giving companies a year to comply. Or else, I guess.

The CEO of State Street Global Advisors, one Ronald O’Hanley, not a woman, said, oddly,“If someone could convince us that the absence of diversity or gender diversity is not a problem, we’re leaving that open. Will they? I doubt it.”

So, Ronnie, would that little bit of business philosophy include State Street Global Advisors own “Leadership Team”? It’s a regular Boys Club — 23 men to 5 women. It’s parent company, State Street, features 62 men and 18 women in its “Leadership Team.”

Perhaps some of those chaps will be leaving and be replaced by someone with her sex organs on the inside? (An odd way to measure qualifications for employment in a financial company.)

No?

Hhhhmmmmm, the classic liberal behavior, do as I say not as I do; AKA hypocrisy.

What’s changing, increasingly, is that the liberals that have take over so much of American business are willing to employ those businesses as weapons against other Americans. They are also abandoning their fiduciary duties in service of liberalism, fascism and socialism.

But back to that March 7 story. It deploys the usual weepy statistics about the lack of women on boards and how those companies with women do so much better than the small handful that don’t have any; or at least they did several years ago when the “study” conducted by State Street (surprise!) said so.

The story has one last kiss — a picture of a Dega-esque statue that State Street planned to place in front of the famous Wall Street bulls statue. I gather she’s supposed to face them like that lone Chinese man faced the tanks in Tiananmen Square. Subtlety isn’t exactly a liberal specialty.

Historical accuracy isn’t one either. But then history doesn’t serve as history for history’s sake or to be learned from in the eyes of the liberal but rather slaved to the propaganda mission and if it has to be plasticized and recast into different forms as if it were Play-Doh, then so be it; it served its purpose.

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