‘Our Board has considered this proposal and believes that our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary,’ Costco stated

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.

  • dependencyinjection@discuss.tchncs.de
    1·
    3 days ago

    Thanks for taking the time to reply.

    This all makes sense, but I do wonder if we should have a limit on the company size and shares. As you say massive corporations don’t need to raise money this way and it just extracts value from other areas. So I would be nice to see a system where shares are all bought back and cease trading once a company grows so large.