Shareholders rejected a proposal to evaluate the risks of maintaining diversity, equity and inclusion initiatives.
Donald Trump’s administration is ending federal DEI programs in America, and multiple corporations have followed suit.
JPMorgan and Costco say DEI efforts help drive innovation and success, though other companies like Meta and Walmart are scaling back policies.
Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices. Investors were expected to vote on the recommendation during the company’s annual meeting Thursday.
Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’
Costco Wholesale shareholders voted strongly against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives, the U.S. company said on Thursday, sending a message running counter to the intense scrutiny many such corporate policies face.
Costco did something this past week that is unusual for a company operating in the new Trump era — successfully push back against a challenge to its diversity efforts. It is not the only one trying to do so.
Diversity, equity and inclusion polices are retreating nationwide, from the federal government to corporations around the country.
Aficionados of Costco's famous $1.50 hot dogs will once again be able to top off their cheap treats with a Coca-Cola after more than a decade of unavailability at the discount retailer, its CEO says.
Costco is defying Donald Trump and conservative activists by sticking to its DEI policies The president-elect and his incoming administration have railed against diversity, equity and inclusion (DEI) initiatives, claiming they are unfair and distracting.
Costco shareholders voted down an anti-DEI proposal just days after President Donald Trump issued sweeping new rules for federal agencies.