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Some companies alter diversity policies after conservatives' lawsuit threat

At least six major U.S. companies including JPMorgan Chase have modified policies meant to boost racial and ethnic representation that conservative groups threatened to sue over, a Reuters review of corporate statements has found. The companies are among 25 that received public shareholder letters since 2021 claiming their diversity, equity and inclusion (DEI) programs constitute illegal discrimination and a breach of the directors' duties to investors. The changes made by the companies primarily involved removing language that said certain programs were for underrepresented groups or modifying executives' goals for increased racial representation in the workforce. ....

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