Costco's DEI programs face new scrutiny from 19 Republican attorneys general
Costco's commitment to diversity and inclusion is facing fresh scrutiny from Republicans. In a letter to CEO Ron Vachris, 19 attorneys general urged the company to end its DEI programs.
Here's why Costco will eventually drop DEI, says activist investor
The NCPR had made a bid for Costco executives to investigate the risks the company's business posed to the company's bottom line, but the grocery club chain's board unanimously came out against their effort.
Costco shareholders defended DEI hiring against anti-woke attacks and won—for now
With a swath of anti-DEI and other executive orders spilling out of the White House during the first week of Trump's second term, many companies are likewise changing or rolling back their own DEI programs or policies, including Amazon, Boeing, Lowe's, McDonald's, and Meta.
Costco shareholders reject anti-DEI measure
Costco's shareholders overwhelmingly rejected a proposal that called for assessing the risk of keeping its diversity, equity and inclusion (DEI) programs in place.
Costco Shareholders Overwhelmingly Support Company's DEI Policies As Other Major Retailers Retreat
In a nearly unanimous decision, Costco shareholders voted in support of Costco's current diversity, equity and inclusion (DEI) initiatives after the National Center for Public Policy Research (NCPPR) submitted a proxy proposal to audit the company's “litigation, reputational and financial risks.” As the Trump administration levels against DEI, Costco is swimming against a tide causing numerous large retail corporations to dial back DEI initiatives, including Amazon, Walmart, McDonald's, Lowe's and Tractor Supply.
Costco shareholders vote down anti-DEI proposal
Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) shareholders have overwhelmingly voted against an anti-diversity, equity, and inclusion (DEI) proposal during the company's annual meeting, as many companies like Walmart and McDonald's are scaling back their DEI initiatives amid increasing political pressure. On January 23, Costco shareholders voted against a proposal put forth by the National Center for Public Policy Research (NCPPR), a conservative think tank that called for the company to assess the potential risks associated with its DEI efforts.
Costco shareholders reject anti-DEI proposal
Costco shareholders rejected a proposal to report on the risks of the company's DEI efforts. While several companies have walked back diversity programs, Costco's board unanimously supported theirs.
Jamie Dimon is doubling down on JPMorgan's DEI work as a conservative group targets Wall Street: 'Bring them on'
Jamie Dimon reaffirmed JPMorgan's DEI commitments after pressure from an activist shareholder. One group wants JPMorgan to revisit how compensation is tied to the company's racial equity goal.
Cisco CEO Chuck Robbins on impact of tariffs, AI innovation and future of DEI
Cisco CEO Chuck Robbins joins 'Squawk Box' to discuss the potential impact of tariffs, how the company fits into the current AI ecosystem, future of DEI in corporate America, tax policy under the new Trump administration, U.S.-China relationship, and more.
The death of DEI is exaggerated, says fund manager targeting Starbucks and Nike
The creator of a fund designed to punish companies engaging in diversity, equity and inclusion activities says the Republican sweep hasn't really deterred companies as much as has been suggested.
McDonald's sued over Latino scholarships despite rolling back DEI
The lawsuit alleges that the program violates Section 1981 of the Civil Rights Act of 1866, a Civil War-era law that bars racial bias in contracting.
Amazon curbs some DEI programs
Amazon is now the latest company to curb some of its DEI programs, Bloomberg reports, after Meta announced that it, too, is ending its diversity efforts earlier on Friday.
