Summary
Costco’s board rejected a shareholder proposal to end its diversity, equity, and inclusion (DEI) policies, arguing they foster respect, innovation, and cultural alignment with customers and employees.
Shareholders claimed DEI could lead to lawsuits citing “illegal discrimination” against white, Asian, male, or straight employees, referencing legal cases like Students for Fair Admissions v. Harvard.
Costco countered that its DEI efforts comply with the law and enhance its culture, rejecting claims of legal risk.
The proposal will be voted on at Costco’s January 23 shareholder meeting.
Hi, actually studied business administration. DEI is good for business as it gives diverse perspectives. Allowing a company to better serve a diverse base of customers and to better facilitate global trade in a diverse world.
Which is exactly what Costco stated in their response to their pearl clutching/snowflake shareholders.
Also, you’re strawmanning hard in your post. No one is forcing Costco to do DEI. They’re choosing to for all the reasons I outlined. Choosing not to is either based on racism/patriarchy or kowtowing to the Nazis who took over the government in hopes to curry favor. It’s not based in economic principles or best business practices.