this post was submitted on 24 Jan 2025
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Summary

Costco shareholders voted overwhelmingly (98%) against a proposal by a conservative think tank, the National Center for Public Policy Research, to assess risks linked to the company's diversity, equity, and inclusion (DEI) programs.

Costco’s board supported DEI initiatives, dismissing the proposal as partisan and unnecessary.

This rejection contrasts with trends in other companies scaling back DEI efforts.

The vote comes amid new federal rules from Trump targeting DEI initiatives in federal agencies, potentially impacting private vendors working with the government.

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[–] AdamBomb@lemmy.sdf.org 42 points 6 days ago (1 children)

Finally, some good fucking news

[–] AA5B@lemmy.world 20 points 6 days ago (1 children)

Fwiw, my company said similar. We’re not public or that big so I’m not naming it, but they have sent several broadcasts and discussed during a company meeting, that these are core values they are sticking with

[–] AdamBomb@lemmy.sdf.org 8 points 6 days ago (3 children)

Nice. My company isn’t likely to drop their DEI policies either. Public but not well-known.

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[–] Kit@lemmy.blahaj.zone 89 points 6 days ago (4 children)

Today my CEO at a large corpo org stood in front of a packed room of minority employees and assured us that the company would continue DEI policies regardless of the government and essentially said "fuck Trump" in the most politically correct way possible. It feels good that my workplace is such a safe space. I think we're about to find out what companies actually give a shit versus those using optics to prey on the LGBTQ community, disabled people, and racial minorities.

[–] Reyali@lemm.ee 31 points 6 days ago

I also work for a large corpo org here, but instead of “DEI” we have “Belonging.” Under that label we have a council that informs and recommends things to our senior leadership, groups which offer support and community (LGBTQ+, Latinx, women, etc.), and provides learning resources. Overall I’m proud of the work we do. (I’m also proud of the two of people I’ve hired internally who were chairs in Belonging groups at some point!)

A couple months ago at a large event, someone asked if we’d be getting rid of DEI. Our Chief People Officer was able to say something to the effect of, “We’ve never had a DEI program but we are committed to continuing our Belonging practices.”

So basically we’re not backtracking on anything, and we have pretty good DEI, but because we never used the term “DEI” she was able to deflect the challenge to it. I never thought about it before that happened, but it made me wonder if it was an intentional choice to avoid the buzzword and so some of the criticism that comes of it.

Anyway, cheers to you also having a safe place of work!

[–] nialv7@lemmy.world 14 points 6 days ago

"fuck Trump" is pretty politically correct.

[–] AnarchistArtificer@slrpnk.net 8 points 6 days ago

It genuinely gladdens my heart to hear you say this, because it suggests that there is at least some length of genuinely caring about inclusion by the people in charge at your workplace; I have seen too many instances of corporations paying lip-service towards DEI whilst fostering a truly toxic workplace culture. It's nice to hear a story from somewhere that's different and that it makes a difference to how safe your workplace feels

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[–] Pacattack57@lemmy.world 70 points 6 days ago (19 children)

I don’t understand the hate on DEI initiates. DEI is just make sure you hire a diverse work group. So if these dei employees are bad, that’s 100% on the company for hiring them. Nobody made them hire that specific person and 99/100 times employees are bad because no one trains them.

[–] captainlezbian@lemmy.world 13 points 5 days ago

You have to understand something about fascism's base: its the mediocre. It really speaks to the sort of people who feel like they're owed more (including personal achievements) but think that as a them specifically trait. It's the sort of person who see a black woman being an engineer and think that they deserve that position not her, despite her having gone to engineering school and them having been a D student in high school who didn't go to college or someone who failed out of an engineering program. They look at any success from historically marginalized groups as unearned because clearly they deserve that success more. And so DEI which seeks to encourage more diversity in successful positions out of an acknowledgement that diverse groups are more successful infuriates these people

[–] AnarchistArtificer@slrpnk.net 20 points 6 days ago (3 children)

I'm going to use TERFs as an analogy to explain what I think it is (and I do mean TERFs, not your garden variety transphones). There used to be a subreddit called /r/GenderCritical, before it got (rightfully) banned for hate speech. I had a look around there a few times, trying to understand their incomprehensible ideology.

At first, I only became more baffled. I saw so many stories that had the rough shape of "I am a women who was abused, victimised or otherwise oppressed by a cis man and/or men and that's why I now hate trans women". I just didn't understand how those two things connected. I get that radical feminists tend to take a biologically essentialist view that undermines trans identities. However, I couldn't understand why they put such effort into distilled down their bitterness and resentment into the vitriol to throw at trans women, as opposed to the men who hurt them (and the patriarchal systems that hurt them).

Over the years, I've come to understand that many TERFs have experienced trauma such that they feel powerless and small when looking at the actual cause of their systemic oppression (i.e. the patriarchy), so through a trick of transference, they direct their rage and grief onto transness instead. Fighting an already marginalised foe means that they get both the feeling of fighting something ideological that's larger than them, but also they don't have to confront how small they actually are when fighting against oppression (because each of us is small and helpless against systemic oppression; we can't do shit without solidarity with other people). To be clear, I don't consider this absolutely isn't a legitimate excuse for someone to be an awful person; however, it does help me to understand why someone who calls themself a feminist would take such a stance (as much as I'd like to consider them "no true feminist", I feel like I need to acknowledge the complex baggage of the term "feminist" if I'm to identify as one).

I think people who crusade against DEI initiatives are doing a similar sort of transference, where their real enemy is in fact Capitalism, but that feels like so impossible of a foe that they feel hopeless; it reminds me of that widely shared Mark Fisher quote about how it's easier to imagine the end of the world than the end of capitalism. And so they tell themselves that there must be some big, bad, insidious force at work, making organisations opt into DEI initiatives, and it must be the same force that's responsible for the deep unease they feel when they look at the world, or contemplate the future their grandchildren have to look forward to.

In a sense, they're right in that there are nefarious forces at play and the game is indeed rigged. The problem is that they've picked the wrong target and would be better served going after the oil barons and billionairess. In terms of my background, I probably have far more in common with the average Trump voter than I do the average Democrat, so I relate to the hopelessness that their misplaced rage protects them from feeling. The tragedy is that their ignorance hurts everyone, including themselves; None of us are free until all of us are free.

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[–] drapermache@lemmy.world 20 points 6 days ago (2 children)

If you read hard right tweets, you'll see they use DEI in place of slurs for any minority. Just like critical race theory, they've twisted the meaning to whip up a frenzy and have something for the masses to hate.

[–] HawlSera@lemm.ee 15 points 6 days ago

"Kamela would be the DEI hire for President" is easier for the center to swallow than "Cmon, do we really want a [N-Word] [Synonym for Female Dog] running a white man's show?"

Though the latter is what they mean

[–] WrenFeathers@lemmy.world 13 points 6 days ago (1 children)

Same as what they did with BLM. They jump from one liberal cause to another, changing its meaning and context into something they can use to fuel their misinformation campaigns for the purpose of creating hate and fear amongst their more ignorant numbers.

[–] Psythik@lemmy.world 11 points 6 days ago (1 children)

Also happened to the word "woke". Nobody says "stay woke" anymore cause they demonized the word.

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[–] DougHolland@lemmy.world 16 points 6 days ago (2 children)

I don’t understand the hate on DEI initiates.

It's hate, that's all.

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[–] HawlSera@lemm.ee 14 points 6 days ago (1 children)

It's all about manufacturing consent to do away with the Civil Rights Act

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[–] skuzz@discuss.tchncs.de 14 points 6 days ago (1 children)

I worked at a company that made electronic devices and the diversity of the teams made it so we caught so many glitches white people would have missed before shipping. Sensors that didn’t work right because skin color or makeup. Things that even TurboHitler would have been annoyed at.

It’s illogical and short-sightedly dumb to forfeit knowledge and skill from any shape, size, color, or orientation of a human.

Haters won’t learn, I fear, until they’re truly marginalized as well.

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[–] Infinite@lemmy.zip 11 points 6 days ago

It's because some people only want to believe in straight white people.

[–] Pyr_Pressure@lemmy.ca 5 points 6 days ago (2 children)

I think the main issue is if you have two candidates for one job, one is white and one is black, even if the best candidate for the job is the white candidate the company might be forced to hire the black candidate to meet the DEI policies.

I have no idea if that actually happens or not, but I think that's what the entitled white people think and get upset about. They feel is discrimination against white people now.

[–] dan@upvote.au 6 points 5 days ago

the company might be forced to hire the black candidate to meet the DEI policies.

This is not what actually happens though, at least not at larger companies. It's more about treating them equally regardless of race, because the white person won't always be the best candidate for the job.

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[–] Merlwyb673@lemm.ee 4 points 6 days ago

It's mostly elites that think they're losing elite status--which to them feels like persecution. Additionally, I do think a lot of DEI initiatives at companies are poorly designed.

[–] AA5B@lemmy.world 4 points 6 days ago* (last edited 6 days ago)

It depends on the implementation and the PR …. I’ve had several conversations with my conservative brother.

I describe how it’s a strength of my company to have a “melting pot” of different perspectives, getting the best skills from all people, we work better together when everyone is safe and comfortable being who they are …. I’m specifically happy that they plucked my coworker, as a woman in a male dominated field, out of the trenches because she’s an excellent manager

My brother sees unskilled workers forced on him by management fiat. He sees having to do more to make up for their lack of ability, motivation or work ethic. He sees a double standard where they can get away with stuff that would get him fired.

I dont know how much of this is the implementation and how much is the person reacting but we have very opposite perspectives

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[–] stevedice@sh.itjust.works 15 points 5 days ago

And the hot dog is still the same price.

[–] IzzyScissor@lemmy.world 16 points 6 days ago

Remember, the Senate is DEI for white suburbia.

[–] Merlwyb673@lemm.ee 11 points 6 days ago

Even Costco's shareholders are based. Love it.

[–] Elrecoal19_0@lemmy.world 10 points 6 days ago
[–] werefreeatlast@lemmy.world 20 points 6 days ago

Only 2% of Coscosians are racist....Coscosians are Costco Shareholders.

[–] rbos@lemmy.ca 13 points 6 days ago (2 children)

I wonder if Costco stock is a good buy right now. Currently $937 up from $300 in 2020. A P/E of 55, with 0.5% annual dividends paid quarterly.

With the new risk of being targeted by MAGAs for a boycott, I could see that being a problem. I don't think Costco's survival as a corporation depends on its stock. They do stock buybacks, which is going to be artificially inflating the price a bit.

If it drops significantly, I could see it being worth the pickup. Maybe I'll sell some long put options.

[–] GiddyGap@lemm.ee 14 points 6 days ago (1 children)

US stocks are incredibly expensive right now based on their earnings. If Trump messes up just slightly on the economy, the market will take a huge hit. To prop up the market and thereby his own ego, he's going to try to force Powell to lower interest rates even if it's not supported by the numbers.

He may or may not be successful. Good luck.

[–] grue@lemmy.world 8 points 6 days ago* (last edited 6 days ago)

To prop up the market and thereby his own ego, he’s going to try to force Powell to lower interest rates even if it’s not supported by the numbers.

Ah, just like in 2019, which is why they were already at damn near 0% and had nowhere to go when the pandemic started.

(Just in case people need a reminder of where all that "covid" inflation really came from.)

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