Vista’s CEO is the second richest African American. He says companies will hire the best people—and this group will be diverse

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Robert Smith, the founder, chairman and CEO of Vista Equity Partners, said Wednesday that businesses will still try to hire the best, most diverse candidates even if the Trump administration is pushing companies to scrap their diversity, equity and inclusion policies.

In January, President Trump signed an executive order ending federal DEI initiatives. Some large companies, including Walmart and Amazon, have since scaled back their commitment to DEI programs.