Costco shareholders voted down an anti-DEI proposal just days after President Donald Trump issued sweeping new rules for federal agencies.

Summary

Costco shareholders voted overwhelmingly (98%) against a proposal by a conservative think tank, the National Center for Public Policy Research, to assess risks linked to the company’s diversity, equity, and inclusion (DEI) programs.

Costco’s board supported DEI initiatives, dismissing the proposal as partisan and unnecessary.

This rejection contrasts with trends in other companies scaling back DEI efforts.

The vote comes amid new federal rules from Trump targeting DEI initiatives in federal agencies, potentially impacting private vendors working with the government.

  • grue@lemmy.worldEnglish
    0·
    1 day ago

    To prop up the market and thereby his own ego, he’s going to try to force Powell to lower interest rates even if it’s not supported by the numbers.

    Ah, just like in 2019, which is why they were already at damn near 0% and had nowhere to go when the pandemic started.

    (Just in case people need a reminder of where all that “covid” inflation really came from.)