Reported 1 day ago
Walmart is under scrutiny from over 30 shareholders managing $266 billion in assets who are disheartened by the company's rollback of its diversity, equity, and inclusion (DEI) efforts. In a letter to CEO Doug McMillon, they claim the decision succumbs to anti-DEI pressures and lacks financial justification. This move raises concerns about discrimination risks, especially amid ongoing threats to marginalized groups' rights. While other corporations are reevaluating their DEI strategies, Costco remains committed to its principles, highlighting a stark contrast in corporate approaches.
Source: YAHOO