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These 11 major companies caved to the far right and stopped DEI programs (www.advocate.com)

submitted 1 year ago by Garibaldee@lemm.ee to c/usa@midwest.social

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[–] grue@lemmy.world 1 points 1 year ago

The company is mostly owned by institutional investors.

This is an (unintentional) euphemism for "the company is mostly owned by regular middle-class folks via the mutual funds in their retirement accounts, but the Vanguard/Blackrock/Fidelity/etc. fund managers have stolen their shareholder voting rights."