Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Zorro

(16,794 posts)
Thu Jan 23, 2025, 06:46 PM Jan 23

Costco won't join DEI backlash. Why shareholders rejected anti-'woke' proposal.

Costco shareholders voted down an investor proposal from a conservative think tank that urged management to investigate the business risks of its diversity initiatives.

More than 98% of shares voted against the proposal, according to preliminary results announced by Costco chairman Hamilton “Tony” James. He and other board members had asked shareholders to reject the proposal involving the company's diversity, equity and inclusion policies ahead of Thursday's annual meeting.

"We owe our success to the more than 300,000 employees who serve our members every day. It is important that they all feel included and appreciated and that they transmit these values to our customers," James said.

Ethan Peck from the National Center for Public Policy Research – the right-leaning shareholder advocacy group that submitted the proposal – argued in a prerecorded message that DEI is "illegal, immoral and detrimental to shareholder value" and poses litigation risks for the company.

https://finance.yahoo.com/news/costco-wont-join-dei-backlash-232816912.html

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Costco won't join DEI backlash. Why shareholders rejected anti-'woke' proposal. (Original Post) Zorro Jan 23 OP
K&R spanone Jan 23 #1
This message was self-deleted by its author Skittles Jan 23 #2
That is why COSTCO is always crowded and SAMs is not I guess. nt Jit423 Jan 23 #3
The Red Scare Assholes will be Apoplectic if Cha Jan 23 #4

Response to Zorro (Original post)

Cha

(306,957 posts)
4. The Red Scare Assholes will be Apoplectic if
Thu Jan 23, 2025, 07:03 PM
Jan 23

they check out Hawaii Costcos... We are All about Diversity.

Fucking idiots.

Latest Discussions»General Discussion»Costco won't join DEI bac...