Bloomberg: Fraternity Affirmative Action or Meritocracy Not

Fraternity members have their own secret affarmative action program.  Bloomberg has the details in a piece called "Secret Handshakes Greet Frat Brothers on Wall Street". The new film "Wolf of Wall Street" publicizes the male dominated culture of the financial industry.

We have long known networks constitute a form of affirmative action for the powerful and their off spring.

What is most disappointing is how privilage networks are described as meritoracies when so many are excluded.