Costco shuts down shareholders demand to ditch DEI hiring practices

Like great that Costco shut this down, because of decency and what is right but also… good fucking god the bar is so low.

DEI sounds like an incredibly easy and cheap policy to follow if you weren't already shitheels to begin with.

First the hotdogs, now this. Go Costco management, go.

Nice. Some good news for a change.

Hey pieces of shit that proposed this, please don't boycott Costco. ! Pleasssseee!!! It would be such a bummer to have shorter lines and to not see you dragging your shitty kids around the store by the arm with you're cart full of cheese and camo jackets.

Shareholders can go get fucked, Costco, do the right thing.

You wouldnt think that people who are anti-dei would invest in companies like costco.

Costco has, notoriously, been very "woke", since before they were even told what woke was or to hate it by fox news.

The shareholders argued that the Supreme Court ruling in the case Students for Fair Admissions v. Harvard found that Harvard’s use of race when choosing who to admit to the school violated the 14th Amendment.

We are just gonna keep paying a godawful price for allowing this vile stacked court.

Hiring is one of the places DEI belongs, I only have a problem when it dictates creative endeavors.

Good on Costco. Get fucked shareholders

Sounds like there's one company that cares more about employees than Nazi investors.

let's not hire people from color to avoid lawsuits about racism

Awesome proposal

Ok, but biggest owners are Blackrock & Vanguard megavultures (like all the everythings).

The proposal came from a racists NCPPR group, so without significant support & the board just jumped at the free PR opportunity.

Costco knows their customers stan DEI because on average they’re more wealthy and educated.

Pressure from the rich racist fucks who own everything. Something is clearly wrong with them.

I still don't understand why everyone's so obsessed with Dale Earnhardt, Inc. He's been dead for over 20 years.

With Jelinek no longer at the reins, this might be the beginning of the end for Costco's progressiveness. It'll depend on which shitbirds are pushing for the anti-DEI resolution. Jelinek would have told them to go fuck themselves, much as he did throughout his tenure when there were pushes for typical line-goes-up enshittification policies.

A lot of the votes are controlled by mutual fund managers and investment firms - this could go bonkers.

It's a conservative activist organization, not some random investors.

Costco's most recent "Notice of Annual Meeting of Shareholders," which contains information about business matters that will be voted on at the January 23, 2025 meeting, included an anti-DEI shareholder proposal that was submitted by the National Center for Public Policy Research.

Value Edge Advisors describes the National Center for Public Policy Research as a "reprehensible radical right" organization that has a history of filing anti-DEI lawsuits against various companies, including Starbucks, Nasdaq, and more. Its funders include right-wing groups like the Coors foundation.

https://boingboing.net/2024/12/28/costco-claps-back-at-reprehensible-radical-right-organizations-anti-dei-demand.html

I see Costco as simply a place to buy groceries but I got to give them credit for not giving into culture war bullshit.

OMG, a capitalist structure that succeeds through ethical practices? The world ends.../s

The shareholders are clowns.

Costco W

Okay... but "Shareholders" means just one group of its many shareholders. It's not like they are rejecting the consensus of their shareholders or something.

I could buy some shares and then send them a letter suggesting they leave the wholesale food market and they could reject that proposal.

Good for them. There are some serious issues with current DEI policies, but too many places are folding to political pressure and throwing out the baby with the bathwater.

I think a MAGA-tard boycott would be just fine.

Trump isn't even in office and it's already this bad.

I wonder how long until this makes it to the toxic YouTube cycle.

I thought costco was a worker owned co-op? When did it get motherfucking shareholders?

God, I love Costco

I hope they intend to eat the board at the earliest possible opportunity

At least Costco isn't building planes.

You truly need top racial talent to…. Stock shelves?

I think DEI was good in practice but has been awful in execution.

Shareholders have a point.

They can also just fucking leave.

DEI is inherently racist no matter what political affiliation, to hire someone based on ethnicity over qualifications.

It's a flawed policy. Perhaps focus more on free education so all ethnicities can be as qualified as the next "white, Asian, male, or straight employees".

We're all Americans. Can't just say "fuck conservatives" and not compromise to come up with a rational solution. But I digress.