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Gender diversity boosts financial performance: the GroupThink lie that hurts us all.

By Tom Winnifrith | Sunday 7 April 2024


 


It is seen as a given by the political, media and corporate elites.. Diversity boosts financial returns so is not only desirable but is a moral imperative. But, as I have noted many times, the data does not back this up. Before Christmas BlackRock released a report again pushing this line with the FT and City AM rushing to push the report and its conclusion. Nobody challenges the GroupThink on diversity lest they be accused of being sexist, racist, homophobic or all three. But that BlackRock report was utterly flawed as is demonstrated below.
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