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Costco’s Oversized Faith In DEI

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Posted By: RockyTCB, 1/9/2025 9:25:21 AM

Costco’s board of directors has been winning plenty of praise lately for defending its “diversity, equity, and inclusion” program against a shareholder proposal put forth by a conservative group. It deserves none of it. The proposal, widely – and wrongly – described as a plan to dismantle Costco’s DEI program, says simply this: Resolved: Shareholders request that the Board conduct an evaluation and publish a report, omitting proprietary and privileged information, on the risks of the Company maintaining its current DEI (including ‘People & Communities’) roles, policies and goals. The pundit class described the board’s rejection

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Reply 1 - Posted by: downnout 1/9/2025 9:32:59 AM (No. 1869891)
So Costco is telling its shareholders (owners!) to butt out. Got it.
28 people like this.

Reply 2 - Posted by: philsner 1/9/2025 9:33:55 AM (No. 1869893)
Bud Light.
41 people like this.

Reply 3 - Posted by: itsonlyme 1/9/2025 10:01:07 AM (No. 1869910)
"Costco's worldwide headquarters are in Issaquah, Washington, an eastern suburb of Seattle" That is all of now.
22 people like this.

Reply 4 - Posted by: slipstik 1/9/2025 10:08:09 AM (No. 1869918)
Embracing mediocrity is seldom a successful strategy.
34 people like this.

Reply 5 - Posted by: mc squared 1/9/2025 10:28:03 AM (No. 1869925)
They are free to do as they wish, just like bakery owners.
28 people like this.

Reply 6 - Posted by: Alecto2 1/9/2025 10:57:02 AM (No. 1869943)
No blowback from stockholders as 72% are big financial institutions. It's the shoppers that count and you know by relying on DEI (as an aside, from Latin translates as "of God") the screws up will multiply until there's a critical mass/tipping point.
18 people like this.

Reply 7 - Posted by: EJKrausJr 1/9/2025 11:19:41 AM (No. 1869955)
Don't shop at Costco so I can't comment on DEI's affect on the shopping experience. Don't live shop at Sam's Club either, restricting my shopping to on-line. Let Costgo go down that yellow brick shite stained road called DEI and see if it affects their bottom line.
13 people like this.

Reply 8 - Posted by: MickTurn 1/9/2025 12:01:10 PM (No. 1869990)
Another Butt Light Moment!
9 people like this.

Reply 9 - Posted by: YorkieMom 1/9/2025 6:58:41 PM (No. 1870241)
I just shopped at Costco today. The worst thing about shopping there is the crowds. Every time I go, you can hardly move because it's so crowded.
5 people like this.

Reply 10 - Posted by: petrichor 1/10/2025 6:35:32 AM (No. 1870450)
I don't see a problem with Costco's DEI moves. It's not like any jobs at Costco really require any merit. Well, maybe the butchers are an exception. You don't want to see rib eye steaks looking like rump.
6 people like this.

Reply 11 - Posted by: LLAMA 1/10/2025 6:59:53 AM (No. 1870462)
I will seriously reconsider my present patronage of Costco.
8 people like this.

Reply 12 - Posted by: Terry_tr6 1/10/2025 8:24:31 AM (No. 1870504)
our membership card expired in november. Unexpected benefit is that my wallet is now a bit thinner and easier to carry
4 people like this.

Reply 13 - Posted by: Zigrid 1/10/2025 10:18:13 AM (No. 1870589)
Bingo...poster #2....
2 people like this.

Reply 14 - Posted by: lennon47 1/10/2025 10:58:47 AM (No. 1870637)
Put Liberals encharg you fail. Look at the States, Cities, and Corporations run by liberals. Everyone has been destroyed or seriously damaged. If Costco does not stop acting "woke" it will never recover.
6 people like this.

Reply 15 - Posted by: FJB 1/10/2025 11:20:08 AM (No. 1870656)
At least Costco isn't getting anyone killed, unlike New Orleans and LA. MAGA
2 people like this.

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