Here is how Costco managements describes its DEI program:
Our success at Costco Wholesale has been built on service to our critical stakeholders: employees, members, and suppliers. Our efforts around diversity, equity and inclusion follow our code of ethics:
For our employees, these efforts are built around inclusion – having all of our employees feel valued and respected. Our efforts at diversity, equity and inclusion remind and reinforce with everyone at our Company the importance of creating opportunities for all. We believe that these efforts enhance our capacity to attract and retain employees who will help our business succeed. This capacity is critical because we owe our success to our now over 300,000 employees around the globe.
Typical corporate ◊◊◊◊◊◊◊◊: DEI just means having respect for everybody. Yeah, right.
Here's what the shareholders' proposal claims Costco is really doing:
The renamed program still openly expresses a "commitment to equity"13 (which means equality of outcome, not opportunity), still employs a "Chief Diversity Officer,"14 still has a supplier diversity program that picks suppliers based on their race and sex,15 still appears to factor in race and sex in hiring and promotion, and still contributes shareholder money to organizations that advance the discriminatory agenda of DEI.16 All of these practices are staples of corporate DEI programs and are consistent with Costco's DEI program prior to its rebranding.
That's real DEI (contra Arthwollipot): Illegal racial and gender discrimination in hiring and selection of supplier contracts. Note that each allegation in the statement is backed up by references to Costco's own online documents.
Let's have a contest to see who can come closest to the fines and damages Costco will have to pay during the next four years to settle the coming civil rights cases that will brought against them.
Source:
https://materials.proxyvote.com/Approved/22160K/20241115/NPS_591967/INDEX.HTML?page=36