From Chateau Heartiste: Diversity lowers a firm’s market value. Most likely share values drop when a firm’s board adds more women because investors are discounting the future rate of return of the firm based on two unflattering facts about the Diversity Danegeld: one, that a company which moves its focus to social justice adventurism loses focus from its profit-making ability, and two, an increase in female board members will result, given time, in a decrease in firm performance. (Hi, Carly!)
