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Goldman Sachs Drops ‘Black’ From Diversity Pledge, Rebrands ‘Black In Business’ As Profit Initiative

  • Goldman Sachs has dropped 'Black' from its diversity pledge and rebranded 'Black In Business' as a profit initiative.
  • Goldman Sachs made these changes apparently to minimize exposure amid scrutiny of diversity, equity, and inclusion efforts.
  • Changes in terminology by Goldman Sachs do not avoid scrutiny as photos and reports still feature Black women.
  • Goldman Sachs' One Million Black Women initiative has been revised to encompass low- and moderate-income populations and has faced criticism for changes impacting Black nonprofits.

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