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Costco board members donated heavily to Democrats in 2024 election cycle
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Fox Business, National

Costco board members donated heavily to Democrats in 2024 election cycle

By David Spector  | Fox Business Costco's chairman of the board donated hundreds of thousands of dollars to Democrats in the last election cycle, and multiple other board members heavily donated to Democrats as well, according to data from the Federal Elections Commission.  The grocery wholesaler is grappling with a public backlash after the board overwhelmingly came out in favor of the company's controversial DEI policies.  Chairman of the Board Hamilton E. James gave $100,000 to the Harris Action Fund in May 2023. Hamilton, who was formerly with the Blackstone Group, donated $150,000 to the Harris Victory Fund in October 2024, FEC data reveals.  READ THE FULL STORY AT FOX BUSINESS
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Costco Teamsters vote to authorize strike
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Fox Business, National

Costco Teamsters vote to authorize strike

By Pilar Arias  | Fox Business Eighteen thousand Costco Teamsters are preparing to strike if a "fair contract offer" is not presented by the end of the month. Eighty-five percent of Costco Teamsters across the U.S. voted in favor of authorizing the strike, according to a Sunday press release. Tensions had been building throughout the week, as Teamsters put up several Costco-related posts on its social media. "From day one, we’ve told Costco that our members won’t work a day past January 31 without a historic, industry-leading agreement," Teamsters General President Sean M. O’Brien said in a statement.  READ THE FULL STORY AT FOX BUSINESS
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Costco defends DEI program as other major retailers drop diversity push
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Fox Business, National

Costco defends DEI program as other major retailers drop diversity push

By Danielle Wallace  | Fox Business Costco's board of directors is urging shareholders to vote against a proposal that would eliminate the wholesale retailer's diversity, equity and inclusion (DEI) program.  "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: For our employees, these efforts are built around inclusion – having all of our employees feel valued and respected," the board of directors wrote in a message to investors previously reported by The Hill. "Our efforts at diversity, equity and inclusion remind and reinforce with everyone at our Company the importance of creating opportunities for all. We believe that thes...
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Under new CEO, major changes could be realized at Costco
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National, The Street

Under new CEO, major changes could be realized at Costco

By Daniel Kline | The Street Costco has been almost stubborn in how slow it has been to adopt new technology. The company embraced the internet years after rivals like Walmart and Target, and it remains well behind them when it comes to its digital presence. That was due to a longstanding belief by company leadership that members did not want money to be spent on technology that could instead go into keeping prices low. It's not that the warehouse club ignored the internet and advances like guaranteed two-day, then one-day, and now same-day delivery, it just didn't see the need to invest in the required infrastructure. Costco (COST) has been clever in adding features like same-day delivery by partnering with Instacart, and it has slowly improved its website, both in what it sells ...
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