Diversity Was Supposed to Make Us Rich. Not So Much.
New research questions the methodology of a McKinsey study that helped create widespread belief that diversity is good for profits
When management consulting firm McKinsey declared in 2015 that it had found a link between profits and executive racial and gender diversity, it was a breakthrough. The research was used by investors, lobbyists and regulators to push for more women and minority groups on boards, and to justify investing in companies that appointed them.
Unfortunately, the research doesn’t show what everyone thought it showed.
https://www.wsj.com/finance/investing/diversity-was-supposed-to-make-us-rich-not-so-much-39da6a23