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.
Let’s just hope that some of the Black people who stayed in the inner city were able to buy their homes. Rising energy costs are going to cause a re-migration from non-viable suburbs to higher-density urban environments. That could be a nice payday for inner-city property owners, assuming they’re cashing out due to old age and not just moving house.