Morgan Stanley faces internal issues after going big on DEI, WSJ says

While corporate diversity initiatives across America have been caught in the crosshairs of legal activists and a Trump administration set on wiping them out, the backlash has come from within at Morgan Stanley (MS), AnnaMaria Andriotis and Lauren Weber of The Wall Street Journal reports. Following George Floyd’s murder in 2020, the bank created an Institue for Inclusion with external advisers to guide its efforts and pledged to boost the share of racial minorities in its executive ranks. Today, however, the bank faces discrimination accusations and lawsuits from both white and black workers, and criticism from staff who say efforts fell short or were too heavy-handed.