DEI blowback is roiling corporate America. After an initial wave of enthusiasm in 2020, big companies are “reevaluating” diversity, equity and inclusion initiatives and recasting their DEI and environmental social governance programs in reports to shareholders.

The pullback comes in the wake of intense scrutiny from investors, customers and conservative lawmakers. What they want, it seems, is for corporate elites to shut up about social justice and go back to focusing on profits.