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.
Meta cuts DEI, marking another cultural shift ahead of Trump's White House return
Facebook parent Meta is rolling back its diversity, equity and inclusion programs, according to a memo sent to employees, marking the tech giant's latest cultural shift ahead of President-elect Donald Trump's return to the White House.
Amazon to halt some of its DEI programs: Internal memo
Amazon is halting some of its diversity, equity and inclusion programs, according to an internal memo. The company is in the process of "winding down outdated programs and materials" as part of a broader review of hundreds of initiatives.
Meta terminates its DEI programs days before Trump inauguration
Meta, fresh off announcement to end factchecking, follows McDonald's and Walmart in rolling back diversity initiatives
Meta axes DEI programs just days after Mark Zuckerberg scrapped censorship policies
Meta will no longer take DEI considerations into account for purposes of hiring, training and picking suppliers, according to Axios.
Meta employees slam decision to roll back its DEI programs
Meta employees criticized its decision to roll back its DEI initiatives on its internal forum. It follows changes to Meta's content moderation policies and gets rid of third-party fact-checkers.
