Home Depot's 93-year-old cofounder Bernie Marcus — who retired in 2002 — says he doesn't want the "woke generation" leading business, arguing that they would spend money "we don't have" on climate mitigation and wouldn't focus on the bottom line.
Speaking on Fox Business Network's "Varney & Co" on Thursday, Marcus — who no longer has any day-to-day involvement with the company — said: "I certainly don't want to see the woke generation coming up, especially the leaders."
Bernie Marcus says he doesn't
Home Depot cofounder Bernie Marcus is adamant he doesn't want the "woke generation" leading business.
He told Fox Business that "nobody wants to work anymore" because of "laziness" and government benefits.
Home Depot has distanced itself from Marcus, noting he hasn't worked at the company in 20 years.
Marcus didn't elaborate on what he meant. Europe's energy crisis stemmed largely from its reliance on Russian fossil fuels.
"We need leaders who are basically thinking about the shareholders and their employees," Marcus added. "And I think today it's all about woke diversity, things that don't hit the bottom line." Marcus provided little evidence for these claims.
A 2020 report by consultancy giant McKinsey & Company actually found that companies who have more diverse leadership are more likely to report higher profitability.
Speaking on Fox Business Network's "Varney & Co" on Thursday, Marcus — who no longer has any day-to-day involvement with the company — said: "I certainly don't want to see the woke generation coming up, especially the leaders."
Bernie Marcus says he doesn't
Home Depot cofounder Bernie Marcus is adamant he doesn't want the "woke generation" leading business.
He told Fox Business that "nobody wants to work anymore" because of "laziness" and government benefits.
Home Depot has distanced itself from Marcus, noting he hasn't worked at the company in 20 years.
Marcus didn't elaborate on what he meant. Europe's energy crisis stemmed largely from its reliance on Russian fossil fuels.
"We need leaders who are basically thinking about the shareholders and their employees," Marcus added. "And I think today it's all about woke diversity, things that don't hit the bottom line." Marcus provided little evidence for these claims.
A 2020 report by consultancy giant McKinsey & Company actually found that companies who have more diverse leadership are more likely to report higher profitability.
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