(11-07-2021, 11:57 AM)The Real Marty Wrote:

(11-07-2021, 11:52 AM)homebiscuit Wrote: Racism is racism. Regardless, if a company begins hiring and promotion practices using race quotas rather than merit, bonuses will be the least of executive worries in a couple of years.

Race quotas are not racism by the commonly accepted definition of racism.   Race quotas are discrimination, though.  Quotas are a very bad idea, and I don't think they're legal.  At least, not in the United States.  

From reading the article, though, I'm not sure they are doing what the OP alleges they are doing.  

Bosses at one of the world's biggest investment firms will need to get special approval to hire white men as part of a new diversity drive.

But do they really?  The article goes on to say,

[font=graphik, Arial, sans-serif]Recruiters must now create a panel of four or five people that includes a woman and someone of an ethnic-minority background when hiring middle management staff - employees at vice-president and above.  
Ms McNicholas added that State Street will still hire white men, but recruiters will now need to show that women and ethnic minority candidates have been interviewed by the diverse panels.[/font]

That last part reads more like the Rooney Rule than some sort of quota.