Wednesday, January 1, 2025

Costco Hit With Boycott Calls Over DEI Program (Connecting the Dots: Costco, Berkshire Hathaway Inc., The Bill & Melinda Gates Foundation, The Nuclear Threat Initiative & Soros Funding, All Networking)

Costco Hit With Boycott Calls Over DEI Program (Connecting the Dots: Costco, Berkshire Hathaway Inc., The Bill & Melinda Gates Foundation, The Nuclear Threat Initiative & Soros Funding, All Networking)

Newsmax.com

By Theodore Bunker    |   Tuesday, 31 December 2024 02:46 PM EST

https://www.newsmax.com/us/costco-dei-boycott/2024/12/31/id/1193477/

Wholesale retail giant Costco has been hit by calls for a boycott from supporters of President-elect Donald Trump after the board of directors refused to end its diversity, equity, and inclusion program.

The National Center for Public Policy Research, a conservative think tank, has requested that Costco cease its DEI practices following the Supreme Court's ruling on affirmative action at colleges, arguing that the program is discriminatory.

"It's clear that DEI holds litigation, reputational and financial risks to the Company, and therefore financial risks to shareholders," the group wrote in a proposal.

Last week, Costco's board of directors issued a statement to shareholders urging them to vote against the proposal ahead of their annual shareholder meeting next month.

"Our Board has considered this proposal and believes that our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary," the board wrote. "Our success at Costco Wholesale has been built on service to our critical stakeholders: employees, members and suppliers. Our efforts around diversity, equity and inclusion follow our code of ethics."

Conservatives on social media quickly started calling for a lawsuit after reports of the board of directors' statement emerged.

"For now, I suggest conservative consumers find other places to spend their money if Costco is so dedicated to doubling down on DEI. If they're smart, Costco will do right by their shareholders and change before we turn our attention to them," wrote pro-Trump filmmaker Robby Starbuck in a post on X.

Christina Ethridge wrote on X: "This is SUCH a hard one for me! I easily eliminated Target, I (not so easily but did it) eliminated Disney. Costco is a place we spend a CHUNK of $$ (personal & multiple businesses). UGH! @Costco fix this!!! We will start making the shift (unfortunately) if DEI isn't eliminated."

Connecting the Dots:

Charles T. Munger is a director at the Costco Wholesale Corporation and the vice chairman for Berkshire Hathaway Inc.

Susan L. Decker is a director at the Costco Wholesale Corporation and a director at Berkshire Hathaway Inc.

Jeffrey S. Raikes  is a director at the Costco Wholesale Corporation and the CEO for the Bill & Melinda Gates Foundation.

William H. Gates Sr. is a director at the Costco Wholesale Corporation and a co-chair for the Bill & Melinda Gates Foundation.

William H. Gates III is a co-chair for the Bill & Melinda Gates Foundation and a director at Berkshire Hathaway Inc.  

Warren E. Buffett is the chairman & CEO for Berkshire Hathaway Inc., a trustee & major donor for the Bill & Melinda Gates Foundation and an adviser for the Nuclear Threat Initiative (think tank).

Jessica Tuchman Mathews is a director at the Nuclear Threat Initiative (think tank) and was the president of the Carnegie Endowment for International Peace (think tank)

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank)

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank) and the Aspen Institute (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Bill & Melinda Gates Foundation was a funder for the Aspen Institute (think tank).

Walter Isaacson is the president & CEO for the Aspen Institute (think tank) and was the chairman & CEO for CNN.

Ann McLaughlin Korologos was a chair emeritus for the Aspen Institute (think tank) and is a director at the Kellogg Company.

Benjamin S. Carson is a director at the Kellogg Company, a director at the Costco Wholesale Corporation and was a director of pediatric neurosurgery for Johns Hopkins University.

John C. Malone was a benefactor for Johns Hopkins University and is a friend of Ted Turner.

Ted Turner is a friend of John C. Malone, the founder of CNN and a co-chairman for the Nuclear Threat Initiative (think tank).

Jessica Tuchman Mathews is a director at the Nuclear Threat Initiative (think tank) and was the president of the Carnegie Endowment for International Peace (think tank)

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank)

Warren E. Buffett is an adviser for the Nuclear Threat Initiative (think tank), the chairman & CEO for Berkshire Hathaway Inc. and a trustee & major donor for the Bill & Melinda Gates Foundation.

William H. Gates III is a director at Berkshire Hathaway Inc. and a co-chair for the Bill & Melinda Gates Foundation.

William H. Gates Sr. is a co-chair for the Bill & Melinda Gates Foundation and a director at the Costco Wholesale Corporation.

Charles T. Munger is the vice chairman for Berkshire Hathaway Inc. and a director at the Costco Wholesale Corporation.

Susan L. Decker is a director at Berkshire Hathaway Inc. and a director at the Costco Wholesale Corporation.

Jeffrey S. Raikes  is the CEO for the Bill & Melinda Gates Foundation and a director at the Costco Wholesale Corporation.

Resources: Pat Research

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