My theories:

1. ESG and DEI encourages corporations to put the types of people who hate Trump into C level positions.
2. China owns large portions of these companies.

Edit: 3) Other companies follow suit because they believe the large companies do it because it increases sales.

My theories:

1. ESG and DEI encourages corporations to put the types of people who hate Trump into C level positions.
2. China owning large portions of these companies.