Despite several major companies like Walmart rolling back diversity, equity, and inclusion (DEI) initiatives, Costco shareholders have overwhelmingly opted to keep theirs in place. Per Axios, more than 98% of the company’s shareholders shot down a proposed anti-DEI initiative.
The anti-DEI proposal was filed by the National Center for Public Policy Research (NCPPR), which describes itself as “a non-partisan, free-market, independent, conservative think tank.” The block didn’t come as a huge surprise as the retail giant’s chairman and other board members had already encouraged members not to support it.
Costco chairman Hamilton “Tony” James said of their DEI initiatives, “We owe our success to the more than 300,000 employees who serve our members every day. It is important that they all feel included and appreciated and that they transmit these values to our…
