Morgan Stanley Tones Emphasis on Diversity in New Report

• Morgan Stanley MS.N has published a latest report on Gender Diversity
• The report mentions about the changing reality adaptation under President Donald Trump’s adminitartion

A new report has been published by Morgan Stanley MS.N where it has restrained its emphasis on diversity. The report also signaled a recalibration since businesses have started adapting to a changing reality under the administration of President Donald Trump.

Omitting the past statement of the bank i.e., “a diverse and inclusive workforce is important to Morgan Stanley's continued success,” the report states “meritocracy is at the heart of Morgan Stanley's talent development" and "a workforce that represents the societies in which we live and work, and our global client base, is integral to Morgan Stanley's continued success.”

Numerous corporate giants in the markets have been softening their commitments towards diversity in between Trump’s Push for dismantling diversity, equity and inclusion (DEI) programs, specifically in the federal government and the private sector.

Citigroup C.N has mentioned about not requiring a diverse slate of candidates anymore for job interviews. A four-year-old policy has also been canceled by Goldman Sachs GS.N of exclusively taking public companies with minimum of two diverse board members.

In the report, the bank mentioned, “We strive to make Morgan Stanley a diverse and inclusive workplace.”