Matt Walsh on Debunked Pro-DEI Studies: ‘The Fraud Is Officially Exposed’

May 3rd, 2024 4:21 PM

The Daily Wire host Matt Walsh reported on the immense damage caused by a recently discredited report used by many corporations to justify discriminatory Diversity, Equity and Inclusion (DEI) initiatives. 

During the May 1 edition of The Matt Walsh Show, Walsh applauded UNC-Chapel Hill Professor of Accounting John R. M. Hand and Texas A&M Associate Professor of Accounting Jeremiah Green for their work exposing a series of studies by management consultancy firm McKinsey & Company that claimed to show the so-called benefits of DEI initiatives.

"They simply lied and because they lied a lot of people in this country have lost job opportunities on the basis of characteristics that they can’t control,” Walsh said, referring to McKinsey and their debunked studies. “Many companies have become less efficient and now finally the fraud is officially exposed, thanks to the work of a couple of business school professors who were brave enough to do their jobs, which is extremely rare now in academia.” 

In 2015, 2018, 2020 and 2023, McKinsey — where Transportation Secretary Pete ‘Racist Roads’ Buttigieg used to work — published several studies arguing for the financial benefits of DEI, which Walsh called “evil” during the podcast. 

Despite McKinsey & Company’s claims, Hand and Green were unable to replicate McKinsey’s results. They wrote that “Despite the imprimatur given to McKinsey’s studies, they should not be relied on to support the view that US publicly traded firms can expect to deliver improved financial performance if they increase the racial/ethnic diversity of their executives.”

Earlier in the podcast, Walsh mentioned former Intel President Renée James and Dallas Mavericks owner Mark Cuban’s parroting of McKinsey’s propaganda. Walsh would go on to point out that the corporate world had been influenced by “bad data for nine years.”

What this “bad data” promotes is racial discrimination. A report by Bloomberg News highlighted a disturbing trend in hiring throughout 2021. According to the media outlet, a mere 6% of jobs at major companies they analyzed went to white individuals in 2021. Simultaneously, white people made up 68.5% of layoffs at studied companies that shrank in 2021.

Walsh mocked McKinsey’s silence in the face of this embarrassing revelation. “As of now, McKinsey hasn’t responded to this debunking, which tells you a lot, because if you have decades’ worth of research showing something and then some academics come along and they say that it’s all fraudulent, you’d think you would want to respond some way, but McKinsey hasn’t because of course all their research on this topic is fake.”

Citing an American Conservative article, Walsh hammered the point that McKinsey shouldn’t be let off the hook for pushing discrimination. “What McKinsey pushed for was actually evil. It wasn’t some innocent lie,” he continued. “It wasn’t something where they had the best of intentions and it went wrong. It damaged the lives of a lot of people.”

Conservatives are under attack! Contact ABC News (818) 460-7477, CBS News (212) 975-3247 and NBC News (212) 664-6192 and demand they report on the dangers of leftist DEI ideology infecting corporate America.