Costco shareholders days ago rejected anti-DEI proposal. The retailer says DEI is good for business.
Republican attorneys general from 19 states want Costco Wholesale to ditch its diversity, equity and inclusion efforts, making the call days after the retailer successfully defended its DEI policies as good for business to shareholders.In a letter on Monday to Costco CEO Ron Vachris, the AGs accuse the retailer of 'clinging to DEI policies that courts and businesses have rejected as illegal,' and called on it to account for the legal risks of its actions.
The shareholder behind the resolution, the National Center for Public Policy Research, argued that DEI 'may sound benign,' but in fact is 'weaponized language concealing a radical Marxist agenda.' Costco's board, however, urged against the conservative think tank's motion ahead of its annual meeting.
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