Costco defends DEI program as other major retailers drop controversial diversity push
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Costco Board Defends DEI Before Shareholder VoteAhead of the annual meeting scheduled for January 23, the board opposes a proposal to eliminate the program.
Key FactsDec 30, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: foxbusiness.com
Summary created with AI assistance · Source: foxbusiness.com
- The National Center for Public Policy Research seeks to eliminate Costco’s DEI program; shareholders are scheduled to vote January 23.
- The proposal cites the SFFA v. Harvard ruling and warnings from attorneys general in 13 states.
- The proposal alleges Costco renamed its program to People and Communities while retaining race- and sex-based supplier practices.
- The board considers the practices lawful, helpful for recruiting and retaining employees, and beneficial for supplier diversity.
DEI is the redistribution of opportunity — for employees, potential employees and suppliers — on the basis of race and sex.— Ethan Peck, deputy director for the Free Enterprise Project of the National Center for Public Policy Research, in a statement criticizing DEI practices.
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affirmative action to change the circumstances and habits that lead to (or have led to) social exclusion
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Key FactsCostco Faces Pressure to End DEI Policies
Jan 28, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
- Nineteen state attorneys general urged Costco to discontinue its DEI policies.
- A letter argued that the company's stance contradicts the Supreme Court's ruling on affirmative action.
- Costco shareholders rejected a proposal to assess risks associated with DEI, raising concerns about legal compliance.
- The attorneys general set a 30-day deadline for Costco to respond to their demands.
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Key FactsTarget Ends DEI Programs Amid Rising Opposition
Jan 24, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: torontosun.com
Summary created with AI assistance · Source: torontosun.com
- Target announced it will discontinue its diversity, equity, and inclusion (DEI) initiatives, following moves by competitors such as Walmart.
- This decision includes ending a program that supported Black employees and businesses established after George Floyd's death.
- Previously set three-year DEI goals, including hiring and supplier diversity, will no longer be pursued.
- Target will stop participating in evaluations like the Corporate Equality Index and plans to reassess corporate partnerships based on business goals.
Inclusivity is a core belief at Target.— Target stated this when the company reaffirmed its support for transgender employees and customers.
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Key FactsCostco Faces Backlash Over DEI Policies
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Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
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