Shareholders rejected an anti-DEI proposal at Costco’s annual meeting. The bulk retailer defended its diversity, equity, and inclusion (DEI) policies, framing them as “appropriate and necessary.” As American companies scale back on DEI initiatives amid growing backlash from former President Trump, Costco remains a rare public leader in supporting such efforts. Led by an overwhelmingly White, male executive team, the company successfully thwarted a conservative group’s demand for details on potential risks to its DEI efforts.
Source: https://www.bloomberg.com/news/articles/2025-01-23/costco-board-could-buck-anti-dei-movement-in-vote