Costco shareholders overwhelmingly support DEI efforts, reject conservative think tank proposal
Costco shareholders rejected a proposal urging the wholesale club operator to evaluate any risks posed by its diversity, equity and inclusion practices. According to preliminary results shared by Costco executives at its annual meeting Thursday, more than 98% of shares voted against the proposal.
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The subscription model is a key strength, contributing significantly to Costco's net income, but revenue growth has slowed.
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