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Story summary
- Margaret Franklin, CEO of the CFA Institute, announced her retirement amid criticism of her Diversity, Equity, and Inclusion (DEI) policies.
- Since 2019, she has led the organization, known for its rigorous exam for Wall Street analysts, while revising inclusion policies to remove references to race and gender.
- Critics, including former vice chair Chris Cutler, argue these changes have harmed corporate governance and meritocracy.
- Cutler seeks to rally support from 4,000 members by June to challenge the board's decisions, highlighting ongoing tensions over DEI practices in finance.
