Overturn meaning completely flip it on its head. According to reports, Costco is facing the wrath of activist investors looking to do the dirty work of the far-right.
The Lowdown
Costco aka the King of Treasure hunt-like atmospheres would like the world to know that Costco is a welcoming place and will remain that way.
As it goes, the moves are being spearheaded by the National Center for Public Policy Research a far-right think tank. The think tank sought to force Costco in the U.S to produce a financial risk assessment on the so called risks of DEI programs and their associated goals.
“Among other things, a diverse group of employees helps bring originality and creativity to our merchandise offerings, promoting the ‘treasure hunt’ that our customers value,” Costco said in its proxy statement to investors. “We believe (and member feedback shows) that many of our members like to see themselves reflected in the people in our warehouses with whom they interact.”
Social media is only now picking up the state though this was actually published last month. Far-right personalities and the MAGA movement have sought to demonize anything that is inclusive including DEI policies and programs.