this post was submitted on 23 Jan 2025
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Economics

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Summary

Costco is resisting a shareholder proposal urging an evaluation of potential business risks linked to its diversity, equity, and inclusion (DEI) practices. The proposal argues that Costco’s DEI initiatives pose litigation, reputational, and financial risks.

Costco believes its commitment to inclusion is essential and that the requested report would not provide valuable information. This stance contrasts with other major companies, which have scaled back DEI programs due to pressures from conservative groups and the Trump administration.

Costco’s support for DEI sets it apart from other companies facing similar pressures.

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[–] [email protected] 36 points 1 month ago (1 children)

It truly is amazing that the bar is so low. Basic fucking decency is lauded. I wonder how much Costco unions have to do with maintaining DEI.

[–] [email protected] 7 points 1 month ago (2 children)

I don't know, but FYI they're possibly going to strike soon. The press release doesn't specify, so I asked their press contact how we can support them. Just don't shop at Costco while the strike is ongoing.

https://teamster.org/2025/01/costco-teamsters-overwhelmingly-vote-to-authorize-strike/

[–] [email protected] 12 points 1 month ago (1 children)

I side with unions, but it is a little suspicious that the Teamsters who backed Trump in the election have voted to strike a company that refused to git DEI initiatives.

[–] [email protected] 5 points 1 month ago

Hmm. Good thought.

[–] [email protected] 1 points 1 month ago

100% don't be a scab.