Trump's DEI crackdown hits board diversity appointments

Under President Trump's intensified campaign against diversity programs, appointments of women and racial minorities to S&P 500 boards have plummeted to their lowest level in over a decade, threatening to reverse years of gains. The administration has targeted corporate DEI initiatives, with the EEOC tasked to root out "illegal" practices. Companies like Ford and Deere have rolled back DEI, and IBM settled a $17 million discrimination case. Major asset managers have also eased pressure on board diversity, though overall board diversity remains near record highs.