JPMorgan’s $30 billion racial-equity commitment was the biggest of any U.S. company. How much progress has it made?

JPMorgan Chase & Co. made the biggest racial-equity commitment of any U.S. company in the aftermath of George Floyd’s murder in May of 2020, promising to spend $30 billion over five years to close the wealth gap for communities of color. The bank now says it has made substantial progress — while some critics say it hasn’t gone far enough.

“More women were promoted to the position of managing director and executive director in 2021 than ever before, we doubled the number of employees who self-identified as LGBT+ around the world and launched a differentiated global strategy for neurodiversity within our Office of Disability Inclusion,” the company said in a statement.

“We don’t need one [an audit]; we’re not getting any value and it just adds another layer of bureaucratic fluff,” Dimon said at the time. They noted that Dimon also refused to sign a commitment put forward by a coalition of companies last year opposing “any discriminatory legislation or measures” that restrict voters from casting a ballot, despite requests from senior Black business leaders. The statement, published with some fanfare in the New York Times and other publications by the Black Economic Alliance, was titled “We Stand for Democracy.

“We regularly encourage our employees to exercise their fundamental right to vote, and we stand against efforts that may prevent them from being able to do so. We are a stronger country when every citizen has a voice and a vote,” he said in March. It hired more than 150 community home lending advisers to help create a community and affordable home lending business, and extended a $5,000 homebuyer grant to cover the closing costs for homes bought in 6,700 minority neighborhoods across the U.S.

But now i'm puzzled, why it is even allowed?

All bull.

So called “racial equity” is the purest form of racism. And the most expensive too.

Go woke go broke jpmorgan

Lip service, all the promises were buried 10 minutes after George Floyd's funeral. HYPOCRITES!

Racial-equity commitment means “incompetent employees” not a good business model all because you caved to woke mob.

JPM shares are tanking !

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