this post was submitted on 28 Dec 2024
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Summary

Costco’s board rejected a shareholder proposal to end its diversity, equity, and inclusion (DEI) policies, arguing they foster respect, innovation, and cultural alignment with customers and employees.

Shareholders claimed DEI could lead to lawsuits citing "illegal discrimination" against white, Asian, male, or straight employees, referencing legal cases like Students for Fair Admissions v. Harvard.

Costco countered that its DEI efforts comply with the law and enhance its culture, rejecting claims of legal risk.

The proposal will be voted on at Costco's January 23 shareholder meeting.

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[–] A_Random_Idiot@lemmy.world 23 points 3 hours ago (1 children)

You wouldnt think that people who are anti-dei would invest in companies like costco.

Costco has, notoriously, been very "woke", since before they were even told what woke was or to hate it by fox news.

[–] Emerald@lemmy.world 10 points 3 hours ago (1 children)

Costco has, notoriously, been very “woke”

Like seizing the means of $1.50 hotdog production?

[–] redhorsejacket@lemmy.world 13 points 2 hours ago

“I came to (Sinegal) once and I said, ‘Jim, we can’t sell this hot dog for a buck fifty," Jelineck said, according to 425 Business. "We are losing our rear ends.’ And he said, ‘If you raise (the price of the) effing hot dog, I will kill you. Figure it out.’ That’s all I really needed."

I don't have a dog in this race (I've never had a Costco membership), but this quote makes me feel like Costco's leadership has at least one of their priorities straight.

[–] WhatSay@slrpnk.net 27 points 4 hours ago (1 children)

Sounds like there's one company that cares more about employees than Nazi investors.

[–] Woht24@lemmy.world -2 points 2 hours ago
[–] Kalysta@lemm.ee 6 points 5 hours ago (2 children)

I thought costco was a worker owned co-op? When did it get motherfucking shareholders?

[–] Raiderkev@lemmy.world 1 points 1 hour ago

Uh, the year 2000?

[–] zourn@lemmy.world 19 points 5 hours ago

You might be thinking of WinCo.

[–] Reverendender@sh.itjust.works 3 points 5 hours ago* (last edited 4 hours ago) (1 children)

I hope they intend to eat the board at the earliest possible opportunity

[–] dual_sport_dork@lemmy.world 8 points 5 hours ago (1 children)

They could always grind them up to make into those $1.50 hot dogs.

[–] HellsBelle@sh.itjust.works 10 points 4 hours ago (1 children)

Did you misunderstand who's the asshole here, or are you siding with the shareholders who called for the termination of DEI?

Costco’s board rejected a shareholder proposal to end its diversity, equity, and inclusion (DEI) policies

[–] dual_sport_dork@lemmy.world 7 points 4 hours ago

I was just making a hot dog joke, man. We can grind up the shareholders first.

[–] Evil_Shrubbery@lemm.ee 29 points 12 hours ago* (last edited 12 hours ago) (1 children)

Ok, but biggest owners are Blackrock & Vanguard megavultures (like all the everythings).

The proposal came from a racists NCPPR group, so without significant support & the board just jumped at the free PR opportunity.

[–] Zetta@mander.xyz 1 points 3 hours ago

Thanks for the quick deep dive nfo

[–] WhyFlip@lemmy.world -4 points 4 hours ago

At least Costco isn't building planes.

[–] Snapz@lemmy.world 50 points 14 hours ago (1 children)

Hey pieces of shit that proposed this, please don't boycott Costco. ! Pleasssseee!!! It would be such a bummer to have shorter lines and to not see you dragging your shitty kids around the store by the arm with you're cart full of cheese and camo jackets.

[–] ZoopZeZoop@lemmy.world 17 points 7 hours ago (2 children)

What's wrong with a cart full of cheese? I haven't bulk bought cheese in my adult life, but I have bought several bars and several bags of shredded cheese at the same time. I'd do it again, too!

[–] Snapz@lemmy.world 4 points 3 hours ago (1 children)

Just the illiteration... Cheese away, my friend!

[–] ZoopZeZoop@lemmy.world 1 points 2 hours ago

Huzzah! I'm not stingy with the cheese, btw. Havarti plain, with dill, and with jalapenos for everyone!

[–] phoenixz@lemmy.ca 38 points 15 hours ago

let's not hire people from color to avoid lawsuits about racism

Awesome proposal

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