Costco shareholders voted down an anti-DEI proposal just days after President Trump issued sweeping new rules for federal agencies.

Summary

Costco shareholders voted overwhelmingly (98%) against a proposal by a conservative think tank, the National Center for Public Policy Research, to assess risks linked to the company’s diversity, equity, and inclusion (DEI) programs.

Costco’s board supported DEI initiatives, dismissing the proposal as partisan and unnecessary.

This rejection contrasts with trends in other companies scaling back DEI efforts.

The vote comes amid new federal rules from Trump targeting DEI initiatives in federal agencies, potentially impacting private vendors working with the government.

  • @AA5B
    20•1 month ago

    Fwiw, my company said similar. We’re not public or that big so I’m not naming it, but they have sent several broadcasts and discussed during a company meeting, that these are core values they are sticking with

    • @[email protected]English
      8•1 month ago

      Nice. My company isn’t likely to drop their DEI policies either. Public but not well-known.

      • @damnthefilibuster
        1•1 month ago

        Public but not well known but keeping DEI? Be nice if we could get the stock info so we can invest…

        • @[email protected]English
          2•30 days ago

          All right, I got the OK from PR. The company I work for is called Olo (stock symbol: OLO). We’re not well-known because we operate behind the scenes in the restaurant industry, enabling online food orders to appear directly in our clients’ POS systems rather than on a separate tablet. We do a lot more than that now, but those are our roots.

          • @damnthefilibuster
            1•25 days ago

            Thanks! Your stock is surprisingly cheap and seems to have cratered since its hay days in 2021. Oh well, good for me.