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BumRushDaShow

(146,884 posts) Sat Dec 28, 2024, 05:50 AM Dec 28

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Costco shuts down shareholders demand to ditch DEI hiring practices [View all]

Source: The Independent

Friday 27 December 2024 23:08 GMT

The Costco board has rejected a request from shareholders to drop its diversity, equity, and inclusion (DEI) policies. The shareholders urged the board to get rid of its “illegal discrimination” program. The Costco board replied to a number of shareholders, recommending a vote against a proposal to “report on the risks of maintaining DEI efforts,” Newsweek reported.

The shareholders had put forward a suggestion that employees of the company could be victims of "illegal discrimination because they are white, Asian, male or straight.” They argued that it could lead to tens of billions of dollars in legal expenses defending against lawsuits.

“Our Board has considered this proposal and believes that our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary,” said a statement issued by the board.. “Our success at Costco Wholesale has been built on service to our critical stakeholders: employees, members and suppliers. Our efforts around diversity, equity and inclusion follow our code of ethics.”

The board added that it wants to make sure all of its more than 300,000 employees "feel valued and respected,” and that by having a diverse workforce, Costco can have more insight and creativity when it comes to what the company offers at stores. The board went on to note that customers will be able to “see themselves reflected in the people in our warehouses with whom they interact.”

Read more: https://www.independent.co.uk/news/world/americas/costco-wholesale-dei-policies-b2670762.html

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69 replies

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Costco shuts down shareholders demand to ditch DEI hiring practices [View all] BumRushDaShow Dec 28 OP

Makes me love Costco even more. Them and Aldi. live love laugh Dec 28 #1

I'm at Costco at least 3x per month. My only complaint? Watching the parking lot people pushing 20 or 25 3Hotdogs Dec 28 #16

I was at Walmart yesterday underpants Dec 28 #27

I always bring in the cart I use from the parking lot JoseBalow Dec 28 #56

I do as well BOSSHOG Dec 28 #63

Winn-Dixie? BOSSHOG Dec 28 #64

How much do you wanna bet that said shareholders are racist? Crowman2009 Dec 28 #2

Not gonna take that bet!! 33taw Dec 28 #34

Costco is very diverse........ Lovie777 Dec 28 #3

I Had The Same Reaction GB_RN Dec 28 #5

but im not raceist. honest AllaN01Bear Dec 28 #32

Costco is based in Seattle mwmisses4289 Dec 28 #9

Every racial category has their segments wolfie001 Dec 28 #22

Wegmans has a terrific hiring practice BonnieJW Dec 28 #51

Oh oh, if things like this keep happening it might Frank D. Lincoln Dec 28 #4

Unfortunately... GB_RN Dec 28 #6

Disappointing. nt Frank D. Lincoln Dec 28 #14

I wish there was a store closer to me. multigraincracker Dec 28 #7

And how many of those racist shareholders will hit their computers to DUMP their Costco shares? Bengus81 Dec 28 #8

People would buy them up underpants Dec 28 #28

Yep...they haven't done a split in almost 25 years,they should do one Bengus81 Dec 28 #30

I'm thinking this "request" mountain grammy Dec 28 #10

Costco was born and bred in the Pacific Northwest.. samnsara Dec 28 #13

K&R orangecrush Dec 28 #11

im a shareholder.. i guess I dont have enough shares.... samnsara Dec 28 #12

Good for you. underpants Dec 28 #29

If corporations who oppose going back Marthe48 Dec 28 #15

Opposition to diversity, equity, and inclusion... GiqueCee Dec 28 #17

Agree totally - especially for a retail company FakeNoose Dec 28 #33

Good for them. Joinfortmill Dec 28 #18

As a single person with small needs, I have never used Costco but rethinking that now. efhmc Dec 28 #19

We're just two and we go maybe every five or six weeks. LAS14 Dec 28 #42

You might try it Bob_in_VA Dec 28 #58

Thank you for taking the time to answer. efhmc Jan 2 #68

I'm a single person, and I shop there about every six weeks. Dem2theMax Dec 28 #61

Why do so many white folks not want other families and children to feel safe? jvill Dec 28 #20

Go COSTCO!!!! wolfie001 Dec 28 #21

Ironic but depressing mahina Dec 28 #37

Love me some Costco even more now! SKKY Dec 28 #23

good plan! EmmaLee E Dec 28 #55

This bullshit is being pushed by the National Center for Public Policy Research, and extremist right wing, racist JohnSJ Dec 28 #24

i've never been in a costco orleans Dec 28 #25

Yeah, that makes perfectly good sense. At the same time, I did get a membership and learned that KPN Dec 28 #50

since you're a member -- do you know if the store would let me in to look around? orleans Dec 28 #52

They do! Just tell the person at the door that's what you want to do. I think annual membership KPN Dec 28 #54

We used to have a Sam's Club membership and the quantities we had to buy were way too much. summer_in_TX Dec 28 #65

thanks for the info. maybe i'll check it out one of these days nt orleans Dec 28 #66

Wow. A company that cares for its stakeholders more than its shareholders. CrispyQ Dec 28 #26

The article doesn't bother to mention how many the "number of shareholders" is... Think. Again. Dec 28 #31

Yes, lazy writing in this article not fooled Dec 28 #41

Yeah, but probably not lazy... Think. Again. Dec 28 #47

Yep, an agenda. not fooled Dec 28 #48

yep. Think. Again. Dec 28 #49

This drop DEI demand is another version of "White Lives Matter." Greybnk48 Dec 28 #35

Costco rocks flamingdem Dec 28 #36

Thank you, Costco. ificandream Dec 28 #38

And that lamb shanks prepared meal. nt LAS14 Dec 28 #40

Glad to hear this. We've been patronizing Costco.... LAS14 Dec 28 #39

Could they please buy MSNBC? nt coffeenap Dec 28 #43

I don't see what the point would be of these right wingers buying it.... Bengus81 Dec 28 #46

Gotta love Costco! Basically, they are being true to their original values. KPN Dec 28 #44

What RWers miss with this cause is that people considering working for these businesses care about DEI dutch777 Dec 28 #45

Such horseshit johnnyfins Dec 28 #53

Good for Costco Tweedy Dec 28 #57

Costco rejected a proposal by an right-wing investor group to end its DEI efforts LetMyPeopleVote Dec 28 #59

"tens of billions of dollars in legal expenses"? JHB Dec 28 #60

Judging by the Diverse Crowd at my local Costco Today Deep State Witch Dec 28 #62

Kick ck4829 Dec 30 #67

One more reason why Costco is fucking awesome. 🙌🙏👏👇 LetMyPeopleVote Jan 5 #69