At Costco’s annual meeting, shareholders decided to ‘go woke and go broke’.
Not too bright, are they?
They did this by voting down a proposal that was urging them to investigate the risks of its diversity initiatives.
Over 98% of shares opposed the proposal.
Chairman Hamilton “Tony” James said that company’s success is due to its inclusive workforce.
What does that mean?
That they profit off of using cheap labor? That their success is from discrimination?
The proposal argued that DEI would make them broke.
It also pointed out that merit-based hiring should be prioritized.
But these stubborn shareholders refused to let go of their DEI agenda.
I guess they haven’t heard the tragedy of Bud Light.
Boycotts are already underway over this.
USA Today reports:BREAKING
Costco REFUSES to scale back their DEI program..
Time to boycott?? pic.twitter.com/7ouyyOm1AU
— American AF(@iAnonPatriot) January 23, 2025
“By hiring by merit alone, they’re not hiring or promoting the best”?Costco shareholders voted down an investor proposal from a conservative think tank that urged management to investigate the business risks of its diversity initiatives.
More than 98% of shares voted against the proposal, according to preliminary results announced by Costco chairman Hamilton “Tony” James. He and other board members had asked shareholders to reject the proposal involving the company’s diversity, equity and inclusion policies ahead of Thursday’s annual meeting.
“We owe our success to the more than 300,000 employees who serve our members every day. It is important that they all feel included and appreciated and that they transmit these values to our customers,” James said.
Ethan Peck from the National Center for Public Policy Research – the right-leaning shareholder advocacy group that submitted the proposal – argued in a prerecorded message that DEI is “illegal, immoral and detrimental to shareholder value” and poses litigation risks for the company.
“By not hiring and promoting completely irrespective of race and sex ‒ in other words, by merit alone ‒ the company is not always hiring or promoting the best person for the job, and anything short of that is selling the success in the future of the company short, and therefore selling shareholders short,” the message said.
Make that make sense.
People are NOT happy about this.BREAKING: Costco upholds its DEI policies after U.S. President Donald Trump revoked Executive Order 11246 (Equal Employment Opportunity)
Nothing can stop the Golden Age of America incoming!
FLASHBACK: Costco board of directors recommended that its shareholders not vote… pic.twitter.com/CvV7wRW9IU
— AJ Huber (@Huberton) January 23, 2025
Wallets are closing.
Costco did the one thing that would turn me away. I've shopped there for years while admiring their ability to stay out of politics so I stayed loyal, but standing firm on this DEI nonsense and scrubbing their X account is a deal breaker for me.
Bye Costco. f**k you. pic.twitter.com/zKSYeoHKkg
—Metelhed(@metelhed) January 23, 2025
They better fix this soon because I’m a fan of their $1.50 hot dog combo, that they’ve had since 1984.Costco is refusing to end DEI practices.
It's time to Bud Light Costco! pic.twitter.com/7fngAkG0A0
— Vince Langman (@LangmanVince) January 23, 2025
Don’t let us down, Costco!The Story behind Costco's $1.50 Hot Dog and Soda Combo. https://t.co/ArKH2rx0dy pic.twitter.com/rxcV2TFS4q
— Supply Chain Automation (@LogisticsStuff) January 12, 2025
I predict that after about a month or so of boycotting, they will ditch DEI.
Then we will celebrate with a $1.50 combo!
The post <a href=https://wltreport.com/2025/01/23/boycott-time-costco-refuses-ditch-dei-program/#utm_source=rss&utm_medium=rss&utm_campaign=boycott-time-costco-refuses-ditch-dei-program target=_blank >Boycott Time: Costco Refuses to Ditch DEI Program</a> appeared first on Conservative Angle | Conservative Angle - Conservative News Clearing HouseCostco to keep $1.50 hot dog-and-soda combo 'forever' despite inflation: exec https://t.co/0XIK8auKxL pic.twitter.com/tIB9i2mojF
— New York Post (@nypost) September 23, 2022
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