Ackman Scolded Over DEI Views at Closed-Door Milken Session
- Panelists and audience confront investor at invite-only event
- In statement, Ackman asks people to consider his past writings
Bill Ackman
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
While money managers were inking deals, talking about AI and hanging on Elon Musk’s every word at this week’s premier business conference in Beverly Hills, a passionate debate over diversity was taking place behind closed doors.
In a small side room, roughly 40 people, including some of Wall Street’s most senior executives of color, crowded around a rectangular array of tables for an invitation-only panel and confronted hedge fund manager Bill Ackman for his attacks on diversity, equity and inclusion, or DEI, initiatives, according to five attendees.