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JPMorgan has rebranded its DEI program to "Diversity, Opportunity and Inclusion" in response to regulatory pressures and criticism of "woke" corporate policies. The change, communicated by COO Jenn Piepszak, emphasizes merit-based hiring and compliance with current laws, while reducing DEI training and consolidating related activities. This shift aligns with broader trends among major financial institutions, including Goldman Sachs and Citigroup, to modify or scale back their DEI initiatives amid political and investor pressures.
JPMorgan Chase is revamping its Diversity, Equity and Inclusion programs, as outlined in a memo from Chief Operating Officer Jenn Piepszak. The bank will replace the term "equity" with "opportunity," rebranding its initiative to Diversity, Opportunity and Inclusion to align with market trends and regulatory changes.
JPMorgan Chase is revamping its diversity initiative, renaming it to Diversity, Opportunity & Inclusion by replacing "equity" with "opportunity." COO Jenn Piepszak highlighted the focus on equal opportunity and merit-based practices, while integrating diversity efforts into various departments. The changes reflect a broader evolution in response to regulatory pressures and aim to enhance collaboration within the organization.
JPMorgan Chase is rebranding its diversity program, changing "equity" to "opportunity," now termed diversity, opportunity, and inclusion (DOI). COO Jenn Piepszak emphasized a focus on merit-based hiring and reducing barriers without compromising standards, while also streamlining programs and increasing connectivity among various organizational groups. This shift aligns with broader corporate trends as companies face pressure to reassess diversity initiatives amid political scrutiny.
JPMorgan Chase & Co. is rebranding its diversity, equity, and inclusion program to Diversity, Opportunity & Inclusion (DOI) amid political criticism from the Trump administration. Chief Operating Officer Jenn Piepzak stated that the change reflects their commitment to equal opportunity rather than equal outcomes, aiming to better serve customers and clients.
JPMorgan Chase is revamping its Diversity, Equity, and Inclusion (DEI) programs, replacing "equity" with "opportunity" and rebranding the initiative as the Diversity, Opportunity, and Inclusion (DOI) program. Chief Operating Officer Jenn Piepszak emphasized that the change reflects a focus on equal opportunity rather than equal outcomes. The bank plans to consolidate some diversity initiatives into business lines and reduce training on these topics, amid a broader trend among major companies to adjust DEI policies in response to regulatory pressures.
JPMorgan Chase is revamping its Diversity, Equity, and Inclusion (DEI) programs, changing the terminology to Diversity, Opportunity, and Inclusion (DOI) to better align with market trends and regulations. COO Jenn Piepszak emphasized that "equity" has always meant equal opportunity, not equal outcomes, and noted that some centrally managed diversity initiatives will be integrated into various business lines. The bank also plans to reduce training on these topics amid a broader trend of major companies reassessing their DEI policies.
Jennifer Nason, JPMorgan Chase & Co.'s global chair of investment banking, will retire after nearly 40 years with the firm. She began her career in 1986 as a corporate finance trainee in the metals and mining mergers and acquisitions team and is set to step down early next year. Following her retirement, Nason will join the board of Accenture.
Jenn Piepszak
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