By Sarah Nassauer
DEI has its defenders at Costco.
Shareholders rejected--by a vote tally of around 98% to 2%--a proposal by a conservative activist group pushing the company to revisit its DEI policies.
While many other companies have retreated from their DEI programs, Costco's board has made a vigorous case for how its DEI measures contribute to its bottom line.
Groups have filed similar proposals against companies including Apple, Walmart and Starbucks and all have been handily defeated, rarely getting more than 2% of shareholder support.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
January 23, 2025 18:00 ET (23:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.