Apple and Costco are defending their diversity, equity, and inclusion programs despite shareholder resolutions urging them to reconsider these commitments based on recent Supreme Court rulings.
The resolutions from the National Center for Public Policy Research argue that DEI initiatives might present financial and reputational risks, citing cases like the $25 million lawsuit won by a white Starbucks employee.
Costco's resolution emphasizes the potential legal risks from DEI programs, suggesting that a substantial number of employees could feel discriminated against, which could lead to costly litigation.
The nature of shareholder resolutions is such that even minimal support can pressure companies to adjust their policies, highlighting the ongoing debates about the viability of DEI efforts.
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