DEI: love it or hate it, it’s more profitable

There’s ample evidence that points to a correlation between more diverse teams and higher financial returns. Let’s not blame DEI for our current financial challenges and fears of future economic insecurity. The data shows otherwise.

McKinsey released a series of four reports over the past decade exploring the connection between corporate executive team diversity and financial performance. Their findings are clear; companies with higher levels of gender and racial diversity on executive teams tend to produce higher financial returns, writes Jory Cohen.Photograph courtesy of Jimmy Chan/Pexels

Opinion

BY JORY COHEN

April 18, 2025

It’s a long list that includes companies like Amazon, Meta and Walmart—some of the world's biggest corporate names recently announced plans to cancel or roll back their diversity, equity and inclusion programs. These firms, ostensibly some of the savviest on the planet i...

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