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Al Sharpton Asks Harvard to Disclose the Diversity of its Asset Managers

Al Sharpton Asks Harvard to Disclose the Diversity of its Asset Managers

“We are proud of the diversity of our team.”

http://youtu.be/WKT_iwg9xbY

He obviously doesn’t care if they’re effective at their jobs, just what they look like.

The College Fix reports:

Reverend Al Sharpton demands Harvard disclose the diversity of school’s asset managers

In a letter to Harvard President Lawrence Bacow, the Reverend Al Sharpton pressed the university for disclosure of the “diversity” of the institution’s asset managers.

Specifically, Sharpton wants to know if there are any “African-American professionals” who help oversee the Ivy’s $40-plus billion endowment, The Crimson reports.

In the letter, the former Democratic presidential candidate and current president of the National Action Network said that a lack of diversity among the managers would be “a failure of Harvard’s ‘fiduciary responsibility.’”

“While the systematic exclusion of people of color and women from the management of endowment assets has been a question of social justice over time, today it is for me a question of fiduciary responsibility,” Sharpton wrote. “Study after study shows very high performing women and people of color, yet those same studies show under-utilization by asset allocators.”

From the story:

Harvard Management Company spokesperson Patrick S. McKiernan wrote in an emailed statement that HMC has taken a three-pronged approach towards increasing diversity among its asset managers.

“First and foremost, we seek diversity and inclusion amongst our team at HMC, including those who make decisions to allocate capital to external investment managers,” McKiernan wrote. “We are proud of the diversity of our team.”

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Comments

” Sharpton. Reverend Al Sharpton. You’re needed in the Men’s Room on the blue concourse. “

He has located the deep pockets from which wealth flows.

This clown would shake down Mother Teresa.

He obviously doesn’t care if they’re effective at their jobs, just what they look like.

Like many on the Left, he doesn’t believe that people are paid for their work, only for having the job title.

Actually, this is true — to the extent that the Left has transformed the workplace via unionism and academic credentialism. Haven’t we all suffered “co-workers” who contribute nothing but a warm chair seat?

Nepotism is no longer the only way to Easy Street.

    CorkyAgain in reply to CorkyAgain. | April 11, 2020 at 1:31 pm

    I should have added the most obvious and pertinent means by which the workplace has been transformed: affirmative action and other diversity policies — which are explicitly designed to disregard merit and competence when it comes to handing out job titles and the salaries that come with them.

      The Friendly Grizzly in reply to CorkyAgain. | April 12, 2020 at 10:40 am

      Making it even more sad: I had two working for me who could slide into any job they wanted based on their race. They happened to be highly competent. When the company started to fail, they sought new jobs, and found they were more sought for quota filling than the ability to do work competently.

Hehe, Harvard deserves Sharpton. They could install him as a visiting lecturer in the Kennedy School of Diversity and Grievance Studies.

Well, then who manages Sharpton’s wealth?

    The Friendly Grizzly in reply to pst314. | April 12, 2020 at 9:13 am

    Someone with the acumen to keep him out of debtors prison for all the taxes he hasn’t paid.

Why even dignify the inquiry with a response? Better yet, why not simply Return to Sender- Undeliverable as Addressed??

    The Friendly Grizzly in reply to rocky71. | April 12, 2020 at 9:15 am

    No, that’s not a hard enough hit. More like a reply letter, sent certified with a signature required. The text would read as follows: Dr. Mr. Sharpton. No. (signed) Harvard.

The Friendly Grizzly | April 12, 2020 at 9:11 am

He obviously doesn’t care if they’re effective at their jobs, just what they look like.

Affirmative action in a nutshell.

Color, sex, other classes, and transgender spectrum, too?

    n.n in reply to n.n. | April 12, 2020 at 3:43 pm

    Is it sufficient for a man to lie with a man, or a woman to lie with a woman (trans/homo)? Diversity is a Pro-Choice doctrine.

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