Cutting out the corporate cancer

Coinbase is successfully excising its SJW employees:

More than 60 Coinbase employees have taken an exit package after CEO Brian Armstrong said in a controversial blog post last month that the company would not participate in social activism. 60 employees or 5{5c1a0fb425e4d1363f644252322efd648e1c42835b2836cd8f67071ddd0ad0e3} of Coinbase’s workforce, have taken the deal, Armstrong said Thursday, and a number of conversations are still ongoing, meaning the final number could be higher. The discussion around Coinbase’s politics started internally this summer when the company didn’t release a statement supporting Black Lives Matter, causing a virtual walkout among employees, Wired reported.

Allowing the inmates to run the asylum, as Google and the NBA do, is a certain path to corporate extinction. Don’t be surprised to see other companies not only following Coinbase’s example, but getting considerably more proactive about not permitting them to infest the organization in the first place. 

It’s not going to take long before there is a copious amount of conclusive evidence incontrovertibly proving that diversity, equality, and inclusion are objectively bad for business. And it won’t take much longer than that before agitating for those Satanic virtues becomes a firing offense.

These costs are difficult to quantify precisely, as fewer than five percent of the companies with diversity programs even attempt to calculate any sort of return on investment for them, and those that do use soft metrics that have nothing to do with profitability. Even attempting to determine what these costs are is frowned upon by scientists in the heavily converged fields of social science. Nevertheless, researchers have consistently found that there are statistical differences in both productivity and job attendance between various identity groups, and that a diverse workforce is a less efficient, less productive one….

A summary of the estimated effects of these four convergence-imposed costs on the corporation, based on anecdotal evidence as well as reviewing a number of published, peer-reviewed papers is as follows:

  • 0.5 percent: time spent not working
  • 12 to 30 percent: nonproductive employees
  • 20 percent: reduced effectiveness of productive employees
  • 5 percent: friction

It’s important to remember that these costs are stackable, so the net effect of corporate convergence is to reduce the company’s productivity by as much as 55 percent.

from Corporate Cancer by Vox Day