Why did anyone think this would be allowed?

Reuters:

A U.S. appeals court on Wednesday ruled that Nasdaq could not impose rules designed to increase diversity in corporate America by requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.

The 9-8 ruling by the conservative-majority New Orleans-based 5th U.S. Circuit Court of Appeals found that the rules approved by the U.S. Securities and Exchange Commission ran afoul of federal securities law.

The decision is a significant legal victory for opponents of policies meant to boost racial and gender diversity in corporations.

The diversity rules were challenged by conservative think tank the National Center for Public Policy Research and Alliance for Fair Board Recruitment, a group founded by Edward Blum, who led the successful U.S. Supreme Court challenge against race-conscious college admissions policies.

“SEC has intruded into territory far outside its ordinary domain,” U.S. Circuit Judge Andrew Oldham, who was appointed by Republican President-elect Donald Trump in his first term, wrote for the majority.

The SEC said it was reviewing the ruling, which it would have to appeal to the Supreme Court to overturn. Nasdaq said that while it believed its rule would benefit companies and investors, it respected Tuesday’s ruling and would not appeal.

At issue was a Nasdaq requirement designed to bolster the diversity of corporate boards that have long been mostly white and male, studies show.

Nasdaq required companies to have at least one woman, racial minority, or LGBTQ person on their boards or explain why they do not. Companies must also disclose annually how board members identify in those categories.

It’s funny.

These boards were no doubt like “okay, so one of y’all is going to have to sodomize a young boy so we can make the quota. We’re gonna draw straws. Bring the young boy in.”

Wild nonsense.

The initiative was started by the first woman CEO of Nasdaq

One of the big problems our country is facing is that there are not enough sluts and coons on corporate boards. Finally, Nasdaq is moving to change that by bullying these corporations.

ABC News:

Nasdaq is proposing new rules that would mandate diversity in the boardroom for companies listed on its stock exchange.

Nasdaq filed a proposal with the U.S. Securities and Exchange Commission Tuesday that would require all companies listed on its U.S. stock exchange to publicly disclose the diversity statistics of its board of directors. Moreover, the new rules would require companies on the stock exchange to have at least one woman director and one who self-identifies as an “underrepresented minority” or member of the LGBTQ community — or face possible delisting.

Foreign and smaller companies would be able to satisfy this requirement with two women directors on their boards. Nasdaq defines “underrepresented minority” as an individual who self-identifies as Black or African American, Hispanic or Latino, Asian, Native American (including Native Alaskan or Hawaiian), Pacific Islander or someone who is two or more races.

The new rules still need to be green lit by the SEC.

Under the proposal, however, Nasdaq-listed companies will be required to publicly disclose its board diversity statistics within one year of the SEC’s approval of the new rules. From then, all companies will be expected to have one diverse director within two years of the SEC’s approval of the rule. Companies listed on the Nasdaq Global Select Market and Nasdaq Global Market will be expected to have two diverse directors within four years and companies listed on the Nasdaq Capital Market will be expected to have two diverse directors within five years.

If companies do not meet the diverse board requirements within the timeframes, they will have to provide a public explanation for why or face possible delisting from the exchange.

“Our goal with this proposal is to provide a transparent framework for Nasdaq-listed companies to present their board composition and diversity philosophy effectively to all stakeholders,” Adena Friedman, Nasdaq’s president and CEO, said in a statement. “We believe this listing rule is one step in a broader journey to achieve inclusive representation across corporate America.”

Nelson Griggs, the president of Nasdaq Stock Exchange, added that the proposal “gives companies an opportunity to make progress toward increasing representation of women, underrepresented minorities and the LGBTQ+ community on their boards.”

Obviously, with the ongoing revolution against white men underway across the Western world, all of these companies were going to be adding some colored skin and some bleeding goo-holes to their boards no matter what. But by coming out and threatening to delist companies from the stock exchange if they don’t go full colored and full vaginal, Nasdaq gets some free morality points.

This is where we are at right now: the entire middle class is being imploded, with the government forcing them to transfer all of the wealth that they earned over generations to multinational corporations. That’s what the coronavirus lockdown is – it is a forced wealth transfer. The government forcibly closed your small business, causing it to shut down permanently, and all that money you lost went to these publicly listed companies.

They print the headlines every day about small businesses closing down by the tens of thousands as the stock market explodes and billionaires double their wealth.

Related: 

• Zuckerberg Passes $100 Billion Mark, Up $22 Billion This Year
• Jeff Bezos Now has $202 Billion, Up $87 Billion from January
• “Let Them Drink Bleach”: Jeff Bezos Selling Drinkable Bleach to Paranoid Peasants
• While Trying to Save Us from Coronavirus, Western Governments Accidentally Raised Billionaire Wealth to $10.2 Trillion

It’s blatantly obvious what is going on here. Jeff Bezos owns the virulently pro-lockdown Washington Post, and Bill Gates is literally the guy who invented the lockdowns. He’s out there saying, “I really love you all, peasants, which is why I’m shutting down your small businesses. The fact that I made billions of dollars from shutting down your small businesses is just a coincidence. It’s completely unrelated to my desire to prevent you from getting the coronavirus, something which I am doing because I love you very much.”

I can’t imagine any scenario when any single thing could be more obvious than this. But apparently boomers are too busy worrying about the latest heavily manipulated images coming out of China to pay any attention to this.

And the left – what are they doing? This is literally a caricature of “big business destroying the working and middle class with help from the government.” You’d think the left would be against it.

But no. The left is telling you to wear your masks and be a good goy while the ruling elite rob you blind.

Not even the so-called “far left” is saying anything. Antifa makes edits of StoneToss comics – they’re called “Antifa StoneToss” – and they’re giving people instructions on coronavirus safety.

The left is made up entirely of people who will believe literally anything they are told to believe. That is the only reason anyone would be on the left in 2020. They are saying that Wall Street are good people for promoting women, colored people and extreme gay anal.

It’s infuriating, all of it.

For Wall Street to now come out in the midst of the greatest banker heist in history – robbing literally the entire middle class of the entire Western world – and say “we’re really the most moral people on earth, the only thing we care about is women, black people and anal sex” is beyond the pale, but it’s worse that the entire population – other than the “far right,” which is totally banned from everything – is clapping for them.

But I guess they’re right: this is the new morality, and whereas under the old morality, this massive theft of wealth would have been immoral, it is now good. Because after all, the middle class they are destroying is white, and hurting white people is morally good.