Costco Board Rejects Demands Of Anti-Diversity Group

December 28, 2024 Business, Trump cultists

Newsweek reports:

The Costco Board pushed back against its anti-diversity, equity and inclusion (DEI) shareholders, who had suggested the wholesale corporation re-evaluate its “illegal discrimination” program.

The Costco board responded to a group of shareholders, unanimously recommending a vote against the proposal to “report on the risks of maintaining DEI efforts.”

The shareholders had suggested Costco employees would potentially become victim to “illegal discrimination because they are white, Asian, male or straight,” which could create “tens of billions of dollars” in legal costs to the company.

The Hill reports:

In its response to the proposal, Costco called out the group for “inflicting burdens” on companies through “policy bias” and said their proposal did not aim to address financial risks but to strike down DEI efforts.

“The proponent’s broader agenda is not reducing risk for the Company but abolition of diversity initiatives,” the board of directors added.

The annual meeting where shareholders will vote on the matter will take place in late January. Earlier this year, Lowe’s, Harley Davidson and Walmart announced the repeal of DEI practices after facing similar pushback from conservative groups.

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