Costco Rejects Shareholder Demand to Scrap DEI Initiatives

Costco's board rejected a shareholder proposal urging a reevaluation of its diversity, equity, and inclusion (DEI) program, arguing it poses legal and financial risks. The board countered that its commitment to DEI is crucial for fostering a respectful and inclusive workplace, boosting employee morale, and driving innovation. They maintained the program's legality and emphasized ongoing evaluations of its effectiveness. The decision highlights the ongoing debate surrounding DEI initiatives in American corporations.