Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Thursday, August 24, 2017

What's in a Name?

In denying Robert Lee a desirable assignment because his name incidentally causes a (questionable) racial offense between two groups, neither of which he belongs to, did ESPN violate civil rights law?

Lee is discriminated against by default: Asian man can't do this (granted, very particular, silly-ass) thing, because it would constitute an offense upon blacks by whites. Well, I would argue, just what did Mr Lee (a venerable Chinese name, which must not be other-ized) do wrong? How is White Supremacy his fault?

Absurd as it is, it's just a unique manifestation of a daily occurrence: Asian guy gets shunted aside by the Diversity Express. It's all perfectly consistent with the current diversity zeitgeist; it's just the law hasn't caught up yet, perhaps.

Presumably a white man named Robert Lee would have been denied the assignment, sooner and with greater trepidation. In the current frenzy they might've caught it and not assigned him in the first place, sparing themselves the embarrassment--but they know now; we can rest assured ESPN will avoid entirely such potential mass microaggressions, and we'll be spared the terror of such as a Jeff Davis calling University of Kentucky games.

But--would have a black have been denied the Virginia gig? I'm not so sure--and I'm certain if he was denied the gig, he would have a case, for which he would easily find an experienced attorney. Is there any doubt black Robert E Lee (the E is for Eazy) would have a case?  It's silly in concept but sinister in practice: under the guise of fairness we're carving out more privileged spaces, such as professional opportunities, for favored ("protected") groups.

Whites are being robbed of their national and cultural patrimony as well as their fair shot through merit. Asians, alone among major ethnic or racial types, share with them that second outrage. Robert Lee getting shunted aside by the Diversity Express is standard practice. It happens all day every day, in less comic ways.

There is a message here, to Asians and other non-black minorities, about the hierarchy of grievance; they must know their place. ESPN and others genuinely take for granted their prosperous, law abiding and boring Asian countrymen. They are, in the quaint phrase ridiculously applied to black Americans, "invisible". In the language of critical theory, our elite routinely "otherizes" Asians in this way. The undeniable message for Asians  is you don't count in this context.

What does the law say?
Under the laws enforced by EEOC, it is illegal to discriminate against someone (applicant or employee) because of that person's race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), national origin, age (40 or older), disability or genetic information. It is also illegal to retaliate against a person because he or she complained about discrimination, filed a charge of discrimination, or participated in an employment discrimination investigation or lawsuit. 
The law forbids discrimination in every aspect of employment. 
The laws enforced by EEOC prohibit an employer or other covered entity from using neutral employment policies and practices that have a disproportionately negative effect on applicants or employees of a particular race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), or national origin, or on an individual with a disability or class of individuals with disabilities, if the polices or practices at issue are not job-related and necessary to the operation of the business. The laws enforced by EEOC also prohibit an employer from using neutral employment policies and practices that have a disproportionately negative impact on applicants or employees age 40 or older, if the policies or practices at issue are not based on a reasonable factor other than age.
"[D]iscrimination in every aspect of employment" is as broad as it is clear.

As we all know under Title VII a "disproportionately negative effect" of otherwise "neutral" policy is how troublesome objective employer requirements, like IQ tests, are outlawed because of their dispareate negative impact on, usually, blacks.

Clearly Lee demonstrates a disproportionate negative effect on his own protected class, Asians, by policy--but is it "neutral"? What does that mean in this context? And if ESPN had to make this argument in court--that exceptional policy in deference to black feelz is "neutral"--well, I'd just like to hear it, that's all.

It is illegal for an employer to make decisions about job assignments and promotions based on an employee's race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), national origin, age (40 or older), disability or genetic information. For example, an employer may not give preference to employees of a certain race when making shift assignments and may not segregate employees of a particular national origin from other employees or from customers.
An employer may not base assignment and promotion decisions on stereotypes and assumptions about a person's race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), national origin, age (40 or older), disability or genetic information.
It seems ESPN is guilty at least of name discrimination.  `



Thursday, July 09, 2009

Quantitative Sleazing

From Bloomberg, Johnathan Weil reports a US prosecutor says a stolen Goldman Sachs computer program capable of manipulating global markets may fall into the wrong hands (wrong being other than the world's most powerful investment bank). About the first of this month Goldman notified authorities that former employee Sergey Aleynikov, not content with post-its and paper clips, ripped off the program in his last week working for the company. He was arrested getting off a plane in Newark on July 3. Arguing against bond, the government's prosecutor asserted:
It wasn’t just Goldman that faced imminent harm if Aleynikov were to be released, Assistant U.S. Attorney Joseph Facciponti told a federal magistrate judge at his July 4 bail hearing in New York. The 34-year-old prosecutor also dropped this bombshell: “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.”

Publicly Goldman is not going on record, but trying to play down worries:
Goldman isn’t commenting publicly about any of this, though it seems the bank’s bosses want us to believe there’s no need to worry. On July 6, Dow Jones Newswires quoted a “person familiar with the matter” saying this: “The theft has had no impact on our clients and no impact on our business.” Note that this person was so familiar with Goldman that he or she spoke of Goldman’s clients as “our clients” and Goldman’s business as “our business.”

Weil notes:
All this leaves us to wonder: Did Goldman really tell the government its high-speed, high-volume, algorithmic-trading program can be used to manipulate markets in unfair ways, as Facciponti said? And shouldn’t Goldman’s bosses be worried this revelation may cause lots of people to start hypothesizing aloud about whether Goldman itself might misuse this program?

According to his attorney, Aleynikov admits to downloading the software, but denies intending to use it in any "proprietary way." Aleynikov had left Goldman to work for fellow Russian emigre Mikhail Malyshev's start-up company, Teza Tech. Malyshev has been sued by former boss Citadel, alleging he's in violation of a non-compete clause. Malyshev specialized in--what else?--high-frequency trading, and according to the story linked above:
Malyshev, a Russian emigre with a doctorate in astrophysics from Princeton, left Citadel's quantitative trading unit in February after the funds he helped run returned about 40 percent last year. Their performance stood out at a time when most hedge funds lost money and Citadel's flagship portfolios tumbled 50 percent.

The quants shall inherit the economy.

Sanity Fair

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