Category: COST
SEC Must Reject Costco’s Effort to Block Greenwashing Proposal
Washington, D.C. – The National Center for Public Policy Research’s Free Enterprise Project (FEP) has asked the U.S. Securities and Exchange Commission (SEC) to block an attempt by the Costco Wholesale Corporation to exclude its greenwashing shareholder proposal. The National ...
Stefan Padfield: Proxy Voting and the Myth About Shareholder Democracy
Do 98% of Costco shareholders really believe in the virtues of DEI? No matter what those in the media claim, the answer is no. But those reporters may be confused due to their misunderstanding of "shareholder democracy." "The notion of ...
Stefan Padfield: No, 98% of Costco’s Shareholders Don’t Support DEI
"Unless you’ve been living under a rock, you’ve likely seen many of the celebratory headlines posted by defenders of DEI (diversity, equity, and inclusion) proclaiming that the recent Costco shareholder vote showed that 98% of Costco shareholders support DEI. That’s ...
Costco Packs Big Discrimination Into Big Box Store
At Annual Meeting, Costco Refuses to Join Others Retreating From DEI Washington, D.C. – Despite public outcry, Costco shareholders failed yesterday to approve a shareholder proposal (Proposal 4) presented from the National Center for Public Policy Research’s Free Enterprise Project ...
Stefan Padfield: Prediction: Costco’s Race-Focused DEI Programs Won’t See 2026
While dozens of companies are abandoning their DEI goals under public pressure, big-box retailer Costco has announced its plans to simply dig its plus-sized heels deeper into the soil of racism. In a commentary published at RealClearMarkets, Free Enterprise Project ...
Costco Opposes FEP’s Call for More Transparency Over Charitable Giving
During the company’s annual shareholder meeting on January 20, 2022, Costco executives led the charge against FEP’s shareholder proposal seeking transparency in disclosing the company’s charitable giving. Recognizing that corporate charitable giving should enhance shareholder value instead of the narrow ...
The Revolving Door Is Only Spinning Left Now
The “revolving door” has been around for hundreds of years. I’m not talking about the literal one used to enter a fancy hotel – that came later – but rather, the migration of workers from the private sector to public ...
Costco Dodges Allegations That Its Supply Chain May Utilize Slave Labor
Washington, D.C. – Costco leaders sidestepped suggestions yesterday that the company’s Chinese supply chain may involve Uyghur Muslim slave labor. Craig Jelinek, CEO of the big box wholesaler, instead offered no explicit denial of the forced labor accusation, while claiming ...
Costco Shareholders Counseled to Vote for Shareholder Proposal Seeking Ideological Balance on Board of Directors
Free Enterprise Project Blasts Proxy Advisor Institutional Shareholder Services for Opposing Viewpoint Diversity Bellevue, WA/Washington, D.C. – Costco shareholders are urged to support a shareholder resolution submitted by the National Center for Public Policy Research’s Free Enterprise Project (FEP) calling ...