Noah Smith, Columnist

Companies That Discriminate Fail (Eventually)

An old theory says that bigoted businesses can't last. It's just taking a bit longer than expected for them to disappear.

September 23, 2016 at 8:00 AM EDT

By Noah Smith

Noah Smith is a former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.

Hire the best.
Photographer: Anda Chu/Bay Area News Group/TNS/Getty Images

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

This article is for subscribers only.

“The corporate world is a boys’ club, and it’ll always be a boys’ club,” said a banker who struck up a conversation with me a few years ago in a coffee shop near the university where I once taught. “Male managers are always going to hire men over women, because they feel more comfortable around men.”

“Aren’t there some managers who just hire whoever’s best for the job?," I asked.

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE