The Corner

More Cypress, Less Facebook

George Leef has a fine column in Forbes that discusses why it’s a bad thing if the federal government leans on corporations to have more “diversity” on their boards.  The whole discussion is excellent, but I especially liked this:

In May, 1996, Sister Doris Gormley wrote a letter to T.J. Rodgers, the founder and then-CEO of Cypress Semiconductor. She argued that Cypress ought to diversify its board by adding some women.

Replying to her, Rodgers wrote, “Choosing a Board of Directors based on race and gender is a lousy way to run a company. Cypress will never do it. Furthermore, we will never be pressured into it, because bowing to well-meaning, special-interest groups is an immoral way to run a company, given all the people it would hurt. We simply cannot allow arbitrary rules to be forced on us by organizations that lack business expertise.”

We need more companies like Cypress and fewer like Facebook — which, as I discussed earlier this month, is happy to engage in illegal “diversity” discrimination.

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