During a debate on diversity, equity, and inclusion (DEI) in business, Tesla CEO Elon Musk engaged in a back-and-forth with Dallas Mavericks minority team owner Mark Cuban. Cuban had expressed his views on DEI, emphasizing its importance for competitive advantage.
Cuban tweeted about the need for DEI, stating that those who don’t see its value should consider the sentiments expressed by their employees.
In response, Musk questioned when the Mavericks’ roster would feature short white/Asian women.
Musk initiated the discussion on DEI, asserting that it was “just another word for racism.” Cuban responded with five points, emphasizing the significance of diversity in finding the best employees, acknowledging the mistakes made in his own business regarding equality, and highlighting the importance of creating an inclusive environment to enhance employee productivity.
Cuban likened DEI to a “huge expense” that many companies neglect, drawing parallels to healthcare. He stressed the importance of companies implementing DEI effectively to foster a well-run, successful organization.
Despite Musk and Cuban’s differing perspectives, the debate sheds light on ongoing discussions surrounding DEI in the business world.