[strikelaserclaw]

once interests rate went up all DEI initiatives dried up - these companies don't really have integrity or beliefs beyond doing what is politically correct at the current time.

[jimbokun]

Almost as if they are organizations formed around the goal of optimizing profits, and not the general benefit of society.

[badgersnake]

Not even optimising profits, growth hacking to optimise share price.

[cudgy]

Then what use are they?

[IncreasePosts]

Why would rising interest rates affect what is considered politically correct?

[travisb]

You can read "politically correct" as "politically fashionable".

When money is cheap it's easy to spend a bit of money on political signalling. However when money is no longer cheap that pure cost centre is the first on the list for cuts.

[micah94]

Borrowing money becomes more expensive so companies will focus on their own needs (or surviving) rather than giving or outreach programs. Unlike Apple or NVIDIA most companies need to borrow money to stay in business.