Fintech Chatter: Conversations with Fintech CEOs and Founders Meritocracy: The Key to Diversity - Dexter's Rant
In this rant, Dexter Cousins discusses the ongoing debate between Diversity, Equity, and Inclusion (DEI) and Merit, Excellence, and Intelligence (MEI) in hiring practices.
He argues that while diversity is essential, it should not come at the expense of merit.
Dexter highlights the importance of hiring based on meritocracy to improve business performance and shares insights from the McKinsey Report on diversity's impact on financial returns.
He highlights the need for companies to focus on the overall talent of their executive teams rather than just superficial diversity metrics.
The McKinsey Report - https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/why-diversity-matters
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