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Morning Brew Daily
Corporate America Done with DEI? & $20K EV That Could Ruin Tesla
Aug 30, 2024
30:47
Snipd AI
A corporate shake-up is underway as Ford joins the trend of major companies stepping back from DEI initiatives, igniting discussions on societal values. Meanwhile, a shocking listeria outbreak at Boar’s Head deli reveals dire conditions. In the EV world, Xpeng's affordable model threatens Tesla's dominance. Plus, 'corn sweat' exacerbates Midwest humidity, urban apps connect strangers for dinner parties, and college football faces major transformations with new financial dynamics. It's a whirlwind of business, science, and sports!
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Quick takeaways
- Ford's decision to scale back DEI initiatives reflects shifting employee and customer sentiments towards corporate social responsibility amidst growing external pressures.
- The severe listeria outbreak linked to Boar's Head deli meats highlights critical lapses in food safety management and the dire consequences of unsanitary processing conditions.
Deep dives
Reversal of Diversity Initiatives
Several major companies, including Ford, have recently rolled back their diversity, equity, and inclusion (DEI) initiatives. Ford announced that it would stop collaborating with the Human Rights Campaign's corporate equality index and broaden employee resource groups to include all groups rather than focusing solely on underrepresented populations. The CEO of Ford acknowledged the need to adapt to changing beliefs among employees and customers regarding political and social issues. The reversal illustrates a broader trend as companies respond to external pressures and criticisms related to their DEI commitments, raising questions about the long-term impacts on talent acquisition and company culture.
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