Costco Wholesale, one of America's most beloved retail giants, may have declared victory over critics of its diversity, equity, and inclusion (DEI) policies, but activist investors are warning that this fight is just beginning.
Despite a resounding 98 percent vote against a proposal to reassess its DEI initiatives during Friday's shareholder meeting, the company's defiance has only ignited further outrage among those seeking to purge '' practices from corporate America.
Ethan Peck, deputy director of the National Center for Public Policy Research's Free Enterprise Project (NCPR), says Costco's decision to double down on DEI might not hold up as the political tides shift and consumer sentiment against such policies grows.
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