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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCostco 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

Response to Zorro (Original post)
Skittles This message was self-deleted by its author.
Jit423
(855 posts)Cha
(306,957 posts)they check out Hawaii Costcos... We are All about Diversity.
Fucking idiots.