Good morning! Podcaster Andrew Tate and brother sued for luring woman into sex work, South Carolina Rep. Nancy Mace makes House speech about assault, and DEI encounters another unceremonious end.
- Rule, reversed. In 2020, Goldman Sachs made a big splash by declaring the bank would refuse to take a company public if the business didn't have at least one board member considered "diverse" in some way—later upped to two. My colleague Claire Zillman reported from the World Economic Forum in Davos that year, where CEO David Solomon made the pledge. "IPOs are a pivotal moment for firms," he said at the time. Goldman was uniquely positioned to influence the direction companies headed in the years post-IPO.
Yesterday, that rule was the latest casualty of the 2025 DEI rollback and President Donald Trump's campaign against what he has called "illegal DEI." “As a result of legal developments related to board diversity requirements, we ended our formal board diversity policy," a Goldman spokesperson confirmed to Fortune. "We continue to believe that successful boards benefit from diverse backgrounds and perspectives, and we will encourage them to take this approach."
