Nineteen Republican attorneys general have called on Costco Wholesale to abandon its diversity, equity, and inclusion policies, citing concerns about about discrimination and legal risks
This comes after 98% of the U.S. retailer’s shareholders last week voted against a proposal requesting a report on the risks tied to its diversity and inclusion initiatives, pushing back against the growing scrutiny such policies face.
Sadly, as a traded company they would appear to have to at least respond to a “but but but muh shareholders!” argument, no matter the source (or how pathetic it is).
It’s not that they seemingly can’t (rightly) tell them to piss off, but it probably has to be done a lot more carefully.
98% of their shareholders rejected the bid.
So. Uhm. that’s not a valid argument.
That wasn’t my point, even remotely.
It was rather that they likely can’t just ignore this bullshit and carry on doing the right thing, no matter how much they should.
They already did. By taking the vote. In which 98% of shareholders rejected the measure. They then replied to that effect.
They’re saying that protecting their shareholders means not telling the state AG’s to fuck off, and approaching the stupidity as if it’s a serious threat to their business from these despotic chucklefucks.
Stupid or not, the AG’s wield power that can harm Costco, and by extension, their shareholders.
Edit: Completing the thought - Which is to say. They should politely and legally tell them to fuck off.
The company shareholders voted 98% in favour of keeping DEI initiatives.