Bank of America's White Straight CEO Approves of Discrimination Against White Straight Men

At the 2022 Bank of America (BoA) shareholder meeting, Free Enterprise Project (FEP) Director Scott Shepard put forward Proposal 5 to request what he called “a report that focuses on whether, in its myriad diversity, inclusion and equity efforts, the company is discriminating against employees that it has not honored with the label ‘diverse.’” He criticized BoA’s embrace of “racial equity,” which he said “means current discrimination now to make up for other discrimination against other people by other people in the past.”

Shepard also called out BoA CEO Brian Moynihan specifically for promoting these policies:

"[I]t is appalling for racial spoils to be embraced by a too-big-to-fail bank, which is ultimately backstopped by all American taxpayers, not just 'diverse' ones. And it is ludicrous that a billionaire CEO – white, male and straight – connives in this endorsement while keeping all his riches and power. Because the inevitable consequences of that combination are – it’s just math – that he is happily consigning millions of poor white people to penury and powerlessness so the spoils can be redistributed while he keeps such an immense portion of the white share."

Shepard's audio presentation can be heard in this clip, or read here: http://nationalcenter.org/wp-content/uploads/2022/04/Bank-of-America-2022-Shareholder-Meeting-Statement.pdf

More information on the Free Enterprise Project can be found here: https://freeenterpriseproject.org/