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Costco's commitment to diversity and inclusion is facing fresh scrutiny from Republicans. In a letter to CEO Ron Vachris, 19 attorneys general urged the company to end its DEI programs.
The NCPR had made a bid for Costco executives to investigate the risks the company's business posed to the company's bottom line, but the grocery club chain's board unanimously came out against their effort.
With a swath of anti-DEI and other executive orders spilling out of the White House during the first week of Trump's second term, many companies are likewise changing or rolling back their own DEI programs or policies, including Amazon, Boeing, Lowe's, McDonald's, and Meta.
Costco's shareholders overwhelmingly rejected a proposal that called for assessing the risk of keeping its diversity, equity and inclusion (DEI) programs in place.
In a nearly unanimous decision, Costco shareholders voted in support of Costco's current diversity, equity and inclusion (DEI) initiatives after the National Center for Public Policy Research (NCPPR) submitted a proxy proposal to audit the company's “litigation, reputational and financial risks.” As the Trump administration levels against DEI, Costco is swimming against a tide causing numerous large retail corporations to dial back DEI initiatives, including Amazon, Walmart, McDonald's, Lowe's and Tractor Supply.
Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) shareholders have overwhelmingly voted against an anti-diversity, equity, and inclusion (DEI) proposal during the company's annual meeting, as many companies like Walmart and McDonald's are scaling back their DEI initiatives amid increasing political pressure. On January 23, Costco shareholders voted against a proposal put forth by the National Center for Public Policy Research (NCPPR), a conservative think tank that called for the company to assess the potential risks associated with its DEI efforts.
Costco shareholders rejected a proposal to report on the risks of the company's DEI efforts. While several companies have walked back diversity programs, Costco's board unanimously supported theirs.
Jamie Dimon reaffirmed JPMorgan's DEI commitments after pressure from an activist shareholder. One group wants JPMorgan to revisit how compensation is tied to the company's racial equity goal.
Cisco CEO Chuck Robbins joins 'Squawk Box' to discuss the potential impact of tariffs, how the company fits into the current AI ecosystem, future of DEI in corporate America, tax policy under the new Trump administration, U.S.-China relationship, and more.
SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today the tax treatment of its 2024 common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Douglas Emmett dividends. Record Date Paid Date Dividend Per Share Ordinary Income Capital Gain Return of Capital Amount Qualifying as a Section 199A Dividend 12/29/23 01/17/24 $0.1.