""Our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary," the board said. "The report requested by this proposal would not provide meaningful additional information.""
""Costco really doubled down on it and reinforced what they were doing, and made some very clear statements that, 'This is who we are,' 'We're not going to change,' and more importantly, they didn't want to be"
""Costco sued the U.S. governmentin an aim to receive refunds if the Supreme Court rejects President Trump's use of the International Emergency Economic Powers Act to impose tariffs, CNN reported.""
Costco faced a shareholder vote in which 98% rejected a proposal to evaluate risks from diversity, equity and inclusion practices after the board unanimously asked shareholders to oppose the motion. The board framed commitment to respect and inclusion as appropriate and necessary and said the requested report would not provide meaningful additional information. Costco emphasized that diverse employees and suppliers foster creativity and innovation in merchandise and services. The company also sued the U.S. government seeking tariff refunds if the Supreme Court overturns the administration's use of emergency powers, contrasting with other retailers that scaled back DEI efforts.
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