A Florida police pension fund filed a lawsuit against Target, alleging the company defrauded shareholders by not disclosing the risks associated with its Pride Month merchandise line and diversity, equity, and inclusion (DEI) goals. The lawsuit claims Target downplayed the potential for boycotts sparked by these initiatives.
A Florida police pension fund which had purchased Target stock sued the company, alleging the retailer had defrauded them by failing to disclose the risks of its Pride Month line and DEI policies—the latest in a wave of backlash against DEI that has become a central issue of President Donald Trump’s second term and caused several big corporations to pare back their diversity commitments.
” Nasdaq CEO Adena Friedman said attitudes toward diversity “come and go with different political cycles” and her company will continue to value “diversity of views and diversity of backgrounds.” Vista Equity Partners CEO Robert Smith said “diversity is a great thing in business,” stating diverse teams are more productive.spoke with three unnamed tech executives at Davos, all of whom run companies that have contracts with the U.S.
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