Costco won't join DEI backlash. Why shareholders
rejected anti-'woke' proposal.
USA Today,
by
Jessica Guynn
&
Bailey Schulz
Original Article
Posted By: OhioNick,
1/24/2025 4:28:48 AM
Costco shareholders voted down an investor proposal from a conservative think tank that urged management to investigate the business risks of its diversity initiatives.
More than 98% of shares voted against the proposal, according to preliminary results announced by Costco chairman Hamilton “Tony” James. He and other board members had asked shareholders to reject the proposal involving the company's diversity, equity and inclusion policies ahead of Thursday's annual meeting.
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Reply 1 - Posted by:
jeffkinnh 1/24/2025 5:04:03 AM (No. 1880660)
That's OK. They will pay the price in running the programs to support DEI, the annoyance of these programs, and alienating workers that are fed up being programmed by government and their employer. Maybe they will be full of happy and competent DEI employees and the company will be profitable.
But I doubt it.
Companies are dumping these programs because they are costly, ineffective, and annoying. When you prioritize personal factors over merit to the business, the business suffers. The customers will notice and go elsewhere.
The beauty of free enterprise is that Costco can do as it wishes, will benefit or suffer based on those choices, and it's not our problem as a Country. Customers will have the choice and make it based on getting the products, services, and prices they want.
24 people like this.
Reply 2 - Posted by:
5 handicap 1/24/2025 5:32:33 AM (No. 1880667)
There you go... One more reason to continue with Sam"s and BJs!
30 people like this.
Reply 3 - Posted by:
Highlander 1/24/2025 6:18:50 AM (No. 1880702)
We went to Costco in San Bernardino yesterday. There were no eggs to buy. Stock completely ran out by noon. Was DEI to blame there?
5 people like this.
Reply 4 - Posted by:
mobyclik 1/24/2025 6:55:11 AM (No. 1880738)
I'll bet Sams Club is smiling at this stupidity.
18 people like this.
Reply 5 - Posted by:
Jesuslover54 1/24/2025 7:13:13 AM (No. 1880755)
I never see weirdos at Costco, just sometimes a slightly edgy regular person.
3 people like this.
Reply 6 - Posted by:
Subsuburban 1/24/2025 7:23:52 AM (No. 1880768)
Adoption of "DEI" business practises is akin to the introduction of a virus into a living organism. Its presence may not be noticed at first, but as the virus multiplies, the effect becomes more and more noticable. Like a common cold, where you first notice that little tickle at the back of your throat, but otherwise feel fine. That feeling grows until it manifests as a full-blown URTI, forcing you into bed with a fever, chills, nausea, diarrhea and all the rest. Of course, if the virus is one that produces something more serious, like Ebola or Dengue Fever, death is not out of the questi[on. So, to follow my disease vector analogy, if the DEI virus is allowed by Costco to flourish, its prospect of remaining a viable business entity decreases proportionally. How long will customers pay for the privilege of shopping empty shelves, higher prices, dirty aisles and restrooms, surly and incompetent staff? Time will tell, but I would be dumping all my Costco stock post haste.
12 people like this.
Reply 7 - Posted by:
Bur Oak 1/24/2025 7:25:02 AM (No. 1880771)
When a businesses and organizations select employees based upon diversity, equity, and inclusion and not merit, they fail. It may take a while but it will happen.
16 people like this.
Reply 8 - Posted by:
spacer 1/24/2025 7:49:48 AM (No. 1880799)
With the new sheriff in town a race discrimination lawsuit is on the horizon for these small minded people.
8 people like this.
Reply 9 - Posted by:
JHHolliday 1/24/2025 10:26:48 AM (No. 1880940)
DEI is also hard on the morale of their decent employees when they see incompetent employees get promotions because of their race or sexual proclivities. It's not a good way to run a business.
14 people like this.
Reply 10 - Posted by:
DVC 1/24/2025 11:23:49 AM (No. 1880984)
We don't shop at Costco.
4 people like this.
Reply 11 - Posted by:
franco 1/24/2025 12:11:34 PM (No. 1881023)
There's a Costco in my home town. But I've never shopped there... and I'll continue to not do so now, along with having closed my wallet to Target since mid-2023. Also, for those who are Sam's shoppers, sorry to burst your bubble, but the head honcho of Walmart Corp's HR operations is Sam Walton's very woke daughter -- the only wokester of the family, but one who is involved in the operations of the family business. So I advise shoppers to get informed and act accordingly. Personally, I'm not a Sam's member, and I minimize what I spend at Walmart.
1 person likes this.
Reply 12 - Posted by:
paral04 1/24/2025 12:37:10 PM (No. 1881031)
I was not a member of COSTCO for about 8 years but had been for many prior to that. Now that they have a warehouse near me, I signed up and looked forward to buying a barbecued chicken and some of their steaks. Well in the interim of my non-membership, DEI must have reigned because the chicken was dry and the beef awful. The only stuff I will buy are cleaning products which will stop when the membership ends.
1 person likes this.
Reply 13 - Posted by:
udanja99 1/24/2025 12:43:37 PM (No. 1881033)
My membership is up for renewal in March. Think I’ll let it run out. I rarely shop there anyway - too much of a hassle with the crowds and parking.
1 person likes this.
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