In 2017, Paypal canceled plans to open a new facility in North Carolina after the state “passed a controversial law related to the use of bathrooms by transgender individuals the company saw as targeting lesbian, gay, bisexual and transgender (LGBT) people.” Since then, the company has continued its support for all its employees stating that diversity is non-negotiable.
According to Fortune Magazine, “It starts at the very top,” PayPal CEO Dan Schulman said. “There’s no negotiation around it. We will be stronger as a result.” Schulman also quoted the late Canadian Prime Minister Pierre Elliott Trudeau (and father of current Canadian leader Justin Trudeau) who once said that “diversity is fact, but inclusion is a choice.”
SAP has taken a similar stance recently, backing the idea that all employees should be included in opportunities moving forward. “It’s wild to me that we’re still having the conversation around women in leadership,” Bill McDermott, CEO of German tech giant SAP (SAP, -0.89%) at the conference in Toronto. “There is so much talent and we don’t talk about women leadership: we just talk about leaders and if they happen to be women, that’s great.” McDermott noted that SAP has doubled the number of women in management roles in the last five years.
Both statements were made at the Fortune Global Forum where companies participate from all over the world to explain their company’s future goals. Diversity is not just a good thing to do, but a strategy that both parties believe will give them a competitive advantage moving forward.