"Welcome to Costco. I love you."
Posted on 01/02/2025 4:15:33 AM PST by RoosterRedux
Costco Wholesale faces an upcoming proxy battle brought by the National Center for Public Policy Research (NCPPR), challenging its diversity, equity and inclusion (DEI) program.
...
Asking Costco to objectively and rigorously study the risks associated with its DEI policies and practices is compelling. NCPPR’s proposal cites the $25.6 million judgment against Starbucks after a Federal Court found race discrimination played a part in the firing of a white former Starbucks regional manager.
Given Costco’s reporting on the makeup of its 310,000 employee base, NCPPR figures it has at least 200,000 employees who might claim illegal discrimination because they are white, Asian, male or straight, resulting in similar costly judgments if “only a fraction of those employees were to file suit.”
“Simply asking shareholders to trust the status quo at Costco is insufficient,” Padfield said. “This is a rapidly changing landscape in terms of law, regulation and market sentiment and shareholders accordingly have good reason to ask for a review of practices, legal advice and managerial information gathering and processing.”
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One suspects Costco’s board doesn’t believe its own program would bear such scrutiny. “The report requested by this proposal would not provide meaningful additional information to our shareholders and the Board unanimously recommends a vote AGAINST this proposal,” it stated.
Yet businesses, especially those of the size and reach of Costco, make decisions based on data. How can a responsible corporate board and executive leadership not want more information, rather than less, on which to make major strategic decisions related to far-reaching corporate employment practices?
(Excerpt) Read more at forbes.com ...
Anti-2A businesses don't get my money, period.
Sounds like Costco is itself a victim of too many DEI-hired/promoted people on its board and in its C-suite.
If you want to end DEI quickly, have Pam Bondi use the Civil Rights Division of the DOJ to assist citizens suing corporations over DEI policies that discriminate.
NO one who shops Costco cares about DEI. They will continue to shop there.
I’m willing to have every board member replaced not only for DEI but especially and unequivocally for the sole act of replacing the rotisserie chicken packaging from a plastic container base and dome to a plastic bag which I have to stick my hand and part of my arm inside to retrieve my meal.
Tough times for Chris Christie.
I’m with you. That slimy bag pisses me off.
It still baffles me that there have not been class-action shareholder suits against companies prioritizing DEI over shareholder value.
What? Nooooooooooo. We haven’t been to Costco in a few weeks but love their rotisserie chicken..but that sounds just…icky
Blackrock is the one causing it. They need to lose their customers and pension funds they manage.
It is also smaller and they now drain off the fat and juice for their own chicken soup.
This smaller dry chicken now is on par with Walmart’s chicken.
It’s because Blackrock and Fidelity are caus8ng the problem with our pension funds owning the stocks. They are voting the Directors of their choice with our stocks.
Nearly every kid that comes out of college has been thoroughly brainwashed by their Marxists professors...and many of these kids end up working for companies.
Same for the FBI and CIA and the rest of the government.
200,000 X 26,500,000 = A lot of money..............
Yeah. We stopped buying the rotisserie chx at Costco when that happened.
DEI is a stupid divisive program, no matter how you look at it. Anyone who supports it should be shunned.
Being a member of both Sam’s and Costco, I would say that roughly 2/3 of Costco members are elitist Democrats that support DEI initiatives.
In other words Costco’s DEI program is catering to the desires of their customers.
Blackrock is the puppeteer that elects the DEI Boards.
“Blackrock and/or Vanguard are among the three largest institutional investors for 505 out of 505 of the S&P 500. (100%)
One or the other is the single largest institutional investor in 422 of these. (84%)
Why is this important? While these two interwoven companies primarily manage money for others, “the Big Three do exert the voting rights attached to these shares. Therefore, they have to be perceived as de facto owners by corporate executives. These companies have, in fact, publicly declared that they seek to exert influence. “
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