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Pretending to embrace diversity can cost you

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This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomb

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on [Bloomberg]( This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. Please note: Our email domain is changing, which means you'll be receiving this newsletter from noreply@news.bloomberg.com. Update your contacts to ensure you continue receiving it — check out the bottom of this email for more details. [Fake Job Interviews Are Securities Fraud]( — Matt Levine We [talked in 2022]( about reports that Wells Fargo & Co. did fake job interviews for fake diversity purposes. Wells Fargo had rules saying that “diverse candidates” had to be interviewed as part of the hiring process for certain jobs. Sometimes a job would open up, and a manager would offer it to a White man, but in order to comply with the rule, he would need to interview a woman or person of color before filling the job. So he’d call in a Black woman, interview her, and then immediately toss her resume in the garbage and give the job to the White man anyway. Let’s say this is true: Let’s assume that Wells Fargo regularly did fake interviews. Some questions: - Who was hurt by it? - What can they do about it? It feels like the first question should be pretty easy to answer. Obviously the people who were called in for fake interviews were hurt: Their time was wasted and they got their hopes up for nothing. Also there is something good about workplace diversity, and so if Wells Fargo was making fake gestures at diversity rather than actually trying to hire diverse candidates, its employees and customers were harmed. Read the [whole thing](. [Elon Is Playing a Dangerous Game With Kamala Harris Deepfake]( — Parmy Olson [Boeing’s Starliner Mishap Is More Proof It’s Lost in Space]( — Thomas Black [Big Luxury Frets That China Is Turning Japanese]( — Shuli Ren [Africa Is Heading Toward Another Deadly War]( — Justice Malala [How Canada Is Defending the Place With No Dawn]( — Liam Denning [Venmo and Zelle May Not Be Free for Much Longer]( — Marc Rubinstein [A $1 Trillion Time Bomb Is Ticking in the Housing Market]( — Mark Gongloff [Salt Lake City Looks Silly Agreeing to Winter Olympics Contract]( — Adam Minter [Honda’s Two-Wheel Indian Rivals Leave It in the Dust]( — David Fickling More From Bloomberg Opinion Here’s what we’ve been listening to and watching this week. - [Women make up a majority]( of low-paid workers. They deserve a political champion, says Kathryn Edwards. - Donald Trump is hyping Bitcoin, but [crypto in politics]( is the last thing we need, says Lionel Laurent. - X Broadcast: Jonathan Levin and Candice Zachariahs help break down the [latest jobs data](. Follow Us Stay updated by saving our new email address Our email address is changing, which means you’ll be receiving this newsletter from noreply@news.bloomberg.com. Here’s how to update your contacts to ensure you continue receiving it: - Gmail: Open an email from Bloomberg, click the three dots in the top right corner, select “Mark as important.” - Outlook: Right-click on Bloomberg’s email address and select “Add to Outlook Contacts.” - Apple Mail: Open the email, click on Bloomberg’s email address, and select “Add to Contacts” or “Add to VIPs.” - Yahoo Mail: Open an email from Bloomberg, hover over the email address, click “Add to Contacts.” Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](

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