Like great that Costco shut this down, because of decency and what is right but also… good fucking god the bar is so low.
I also forgot to say that a new Costco recently went in in my city, bulldozed yet another black neighborhood. So excuse me while I see some PR covering up some structurally racist hubris. Like i said, the bar is exceedingly low.
If they were going to bulldoze an inner city neighborhood, it's likely that neighborhood was going to be predominantly black whether they like it or not. The white flight phenomenon predates Costco by a wide margin, and that fuckery already happened decades ago. While there were already inroads to corralling the country's black population in cities around the turn of the century, the ball really got rolling on that in the post-war period following WW2 with redlining, block busting, widespread segregation prior to the civil rights movement, and the white middle class retreating to the then-new suburbs.
It is in a first ring suburb, a suburb that is very multicultural. The black neighborhood is exactly like my jewish working class neighborhood. The developer used questionable blighting tactics to use TIFs. Racist tale old as time. Every time they think their project is the exception to being racist. Every time they know they are lying to themselves.
It's a conservative activist organization, not some random investors.
Costco's most recent "Notice of Annual Meeting of Shareholders," which contains information about business matters that will be voted on at the January 23, 2025 meeting, included an anti-DEI shareholder proposal that was submitted by the National Center for Public Policy Research.
Value Edge Advisors describes the National Center for Public Policy Research as a "reprehensible radical right" organization that has a history of filing anti-DEI lawsuits against various companies, including Starbucks, Nasdaq, and more. Its funders include right-wing groups like the Coors foundation.
DEI sounds like an incredibly easy and cheap policy to follow if you weren't already shitheels to begin with.
The worst things about DEI is that it has become politicized. What was once another boring HR policy about being fair at work, is now weapon for idiots it get all upset about.
The thing is, DEI was always going to become political. Evey single conservative is some level of white supremacist.
You cannot hold conservative beliefs and also be a fan of diversity, equity, or inclusion.
The conservative mind sees people as all innately fitting into social hierarchies. And brown people are always at the bottom.
Trying anything that changes that hierarchy is seen as a direct attack on conservativism. Because in a very real way, it is. Which is the fucking point. DEI policies were a subtle attack on white supremacy via capitalism.
The argument was that companies that practiced DEI made more money.
It worked for a time, but the jackasses would rather throw money away than abandon their social hierarchies.
They're kind of mask off about it all now.
You wouldnt think that people who are anti-dei would invest in companies like costco.
Costco has, notoriously, been very "woke", since before they were even told what woke was or to hate it by fox news.
Costco has, notoriously, been very “woke”
Like seizing the means of $1.50 hotdog production?
“I came to (Sinegal) once and I said, ‘Jim, we can’t sell this hot dog for a buck fifty," Jelineck said, according to 425 Business. "We are losing our rear ends.’ And he said, ‘If you raise (the price of the) effing hot dog, I will kill you. Figure it out.’ That’s all I really needed."
I don't have a dog in this race (I've never had a Costco membership), but this quote makes me feel like Costco's leadership has at least one of their priorities straight.
‘If you raise (the price of the) effing hot dog, I will kill you. Figure it out.’
Be careful you might get banned for promoting violence.
First the hotdogs, now this. Go Costco management, go.
Don't forget the $5 rotisserie chicken! And paying their employees a livable wage too!
And paying their employees a livable wage too!
Honestly, that needs to be at the top of the list.
It shows that it is possible for a company to be very profitable without having to shit on its workers.
Shareholders have a point.
They can also just fucking leave.
Yeah what point is that?
That making hiring decisions based on immutable traits is discrimination. And there's laws against that.
Not trying to be snarky, but do you understand the concept of equity?
Be snarky, they do understand the concept and are almost certainly not arguing in good faith.
You should educate yourself on the goals of DEI initiatives and how they actually work. However, if you only have 30 seconds, here's a clip from The West Wing that sums it up pretty well.
Sounds like there's one company that cares more about employees than Nazi investors.
Hey pieces of shit that proposed this, please don't boycott Costco. ! Pleasssseee!!! It would be such a bummer to have shorter lines and to not see you dragging your shitty kids around the store by the arm with you're cart full of cheese and camo jackets.
Pressure from the rich racist fucks who own everything. Something is clearly wrong with them.
Costco stock price is about $930, so to become "a group of shareholders", you'd technically need three people to spend that much money and then start making their demands.
Or at least I wasn't able to find how large this "group of shareholders" was. If it had been a significantly large one, Costco wouldn't have been able to brush it off so easily, I believe.
Technically, shareholder votes allow everyone who owns a stock share to vote. I regularly vote on Volkswagen, VYM, and others because a third of my savings are in stocks. It ain't much but it's honest work.
With that in mind, that means these votes very well could be from racist common folks, which is an even more grim scenario.
Common folks don't own very much of the stock market.
Three Wall Street firms control the majority share of 95% of S&P500 companies
Hiring is one of the places DEI belongs, I only have a problem when it dictates creative endeavors.
Good on Costco. Get fucked shareholders
Depends on how it's presented. If it's tied to strict quotas in terms of hiring then that can cause a lot of issues as well.
True it would be awkward to be in the situation where you have a white male candidate who exceeds the qualifications, and a black female candidate who barely meets them.... Doubly so if DEI people are pressuring you to deliver, but unfortunately your company is in a position where it absolutely needs someone who can give them a homerun.
Now I'm not saying white male candidates are always more qualified than black female candidates. I know someone will take this comment that way. What I'm saying is, talent doesn't care what color you are before it decides to bestow itself upon you, unfortunately DEI Hiring practices do.
Sometimes it's also just a matter of available local demographics.
The last position I helped interview for (my own as I was changing jobs) I saw the most diverse but frankly least qualified - or even interested - range of candidates ever. It's also for - last I checked - one of the top employers in the area for wages/benefits, and fairly diverse in employee base already.
We had applicants who:
It was very heavy with people who fairly recently immigrated or still overseas but just getting their papers.
Like, I get off you're enthusiastic about a job. I've even recommended people based on an obvious ability to learn, work in a team, and case skillset when they didn't have the specific job experience (that can be learned after all). Having an idea about the area and local wage-scale is also important (e.g. maybe don't expect New York/Silicon Valley wages or expenses in Oklahoma) but candidates didn't even seen to know the posted scale nor anything about the area.
The last set we had to repeat (non technical parts of) questions multiple times to be understood, was asked stuff about WRITTEN questions that was literally in the question, or had to deal accents do thick none of us could understand. It was rough.
This went on for months and we honestly we getting ready to pick the "best of the unqualified" and just hope it worked out before we finally went one more round and got somebody decent.
Now is DEI part of that? Hard to say but if you start filtering interviews with that in mind, or narrowing your already-small pool of qualified candidate/applicants to meet such it's not going to come out well IMO.
I'd be more than happy to work with a qualified candidate of wherever ethnicity and gender. I really enjoy hanging out with people from different places or backgrounds (because - frankly - average-Joes are often kinda boring) but when it comes to work being able to do the job and communicate needs to be a top priority. You can have a workforce full of diverse backgrounds but if they can't apply that to the work and work together it's just as unhelpful as having an office full of unoriginal middle-aged/boomer white guys.
DEI is inherently racist no matter what political affiliation, to hire someone based on ethnicity over qualifications.
It's a flawed policy. Perhaps focus more on free education so all ethnicities can be as qualified as the next "white, Asian, male, or straight employees".
We're all Americans. Can't just say "fuck conservatives" and not compromise to come up with a rational solution. But I digress.
People don’t want to wait for the systemic problems to be solved, so “positive discrimination” measures are promoted. I dislike it too.
Wait until you see how many white rich people Trump is gonna hire.
Yeah that's the same concept as DEI. It's racist.
Okay... but "Shareholders" means just one group of its many shareholders. It's not like they are rejecting the consensus of their shareholders or something.
I could buy some shares and then send them a letter suggesting they leave the wholesale food market and they could reject that proposal.
The shareholders are clowns.
The shareholders argued that the Supreme Court ruling in the case Students for Fair Admissions v. Harvard found that Harvard’s use of race when choosing who to admit to the school violated the 14th Amendment.
We are just gonna keep paying a godawful price for allowing this vile stacked court.
For as long as you're alive anyway.
Or until someone Luigi's them during a progressive's term. Not that that will ever happen. The progressive term, not the other thing.
My kids will be suffering from these policies long after I'm gone.
It takes a long time to rebuild systems and protections.
And very little time or effort to destroy them..
Ok, but biggest owners are Blackrock & Vanguard megavultures (like all the everythings).
The proposal came from a racists NCPPR group, so without significant support & the board just jumped at the free PR opportunity.
How is Vanguard a mega-vulture? Their ownership stake derives from their index funds, which make up American retirement funds like 401ks and IRAs. They mostly vote according to board recommendations, but have increasingly tried to offer customers other voting options.
You might be able to answer this for me as I don’t really understand.
What is the value of shareholders for massive corporations? Is it that they fund retirements of future generations?
Surely there has got to be a better way. The way I see companies structured with shareholders seems to inevitably make the product or service worse due to demand for increase growth and return for shareholders and it really frustrates me.
I hope they intend to eat the board at the earliest possible opportunity
Costco knows their customers stan DEI because on average they’re more wealthy and educated.
Doubt it. Costco as a corporation has been very employee-friendly for a long time. I've heard Costco employees call the job a career killer because many who have aspirations for another career after they finish their degree (I've heard they have good education programs too) wind up working for Costco corporate because the pay and benefits are so good and Costco prefers to promote from within when possible.
How would that be a career killer? That’s a career.
let's not hire people from color to avoid lawsuits about racism
Awesome proposal
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