Costco refused to back down on its diversity, equity and inclusion (DEI) program ahead of President-elect Donald Trump’s inauguration, despite other major companies curtailing identity politics-based policies following the Republican’s reelection.
Costco’s board of directors called on company shareholders to vote against a proposal to stop the “discriminatory practices” that often favor minority races and women, according to an annual notice to shareholders from the National Center for Public Policy Research, a conservative organization.
Goodbye, Costco! I won’t be shopping at you anymore! https://t.co/pTLIzi3ALG
— Lisa Haven (@Lisa_Haven) December 28, 2024
The pro-GOP group requested that Costco release a report detailing the risks of maintaining its DEI policies. This comes as other retail giants like Walmart, Lowe’s and Harley Davidson have announced plans to walk away from DEI policies, The Hill reported, as Americans rail against the Biden-era initiative in favor of merit-based business.
“It’s clear that DEI holds litigation, reputational and financial risks to the Company, and therefore financial risks to shareholders,” the National Center for Public Policy Research wrote in its proposal to Costco, referencing the U.S. Supreme Court’s ruling against affirmative action at college institutions as justification.
Costco plans to “rebrand” DEI as “People and Communities” to protect itself from the newfound negative stigma of its “discriminatory practices” and “racial discrimination,” the National Center for Public Policy Research stated. […]
— Read More: headlineusa.com
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