Investors in farm equipment giant Deere overwhelmingly rejected an anti-diversity, equity, and inclusion (DEI) resolution, delivering a resounding defeat to those pushing this agenda. The proposal, submitted by a group known for similar campaigns targeting other major corporations, garnered a paltry 1% of the vote. This outcome starkly contradicts claims of widespread investor dissatisfaction with DEI initiatives.
The near-unanimous rejection suggests that investors prioritize company stability and success above all else. They see DEI not as a distraction, but as a factor contributing to a company’s overall strength and competitiveness. The perspective of many investors is that a diverse workforce brings a broader range of perspectives and ideas, fostering innovation and better decision-making.… Continue reading
Apple shareholders rejected a proposal by the National Center for Public Policy Research to end the company’s diversity, equity, and inclusion (DEI) initiatives. The proposal, mirroring similar unsuccessful attempts at other companies, argued that DEI programs are harmful to business and expose companies to legal risks. Apple’s management defended its commitment to diversity, citing its positive impact on the company’s culture and success. Despite this vote, Apple acknowledged the evolving legal landscape and suggested potential future adjustments to its DEI program. The rejection follows a recent lawsuit against Target over similar DEI initiatives.
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Costco shareholders overwhelmingly rejected (98% opposed) a proposal from the National Center for Public Policy Research (NCPPR) to curtail the company’s diversity, equity, and inclusion (DEI) initiatives. The board recommended rejecting the proposal, citing its alignment with Costco’s commitment to respect and arguing that the DEI programs are legally sound and beneficial for business. This decision contrasts with other corporations that have scaled back DEI programs following the Supreme Court’s ruling in *Students for Fair Admissions v. Harvard*. Costco maintains its DEI efforts enhance employee attraction and retention, despite NCPPR’s concerns about potential discrimination lawsuits.
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Tesla seeks to reinstate Elon Musk’s $56 billion pay deal in a shareholder vote. The mere thought of this proposal is mind-boggling, especially considering the recent layoffs that occurred where over 14,000 employees lost their jobs. The timing seems suspicious, almost as if it is a distracting tactic to shift the public focus away from the poorly handled layoffs. As a shareholder, the audacity of this proposal is both alarming and concerning.
The performance at Tesla has been nothing short of dismal. With a decrease in sales, shrinking margins, stock value plummeting, and major defects like the acceleration bug in the Cybertruck, it paints a grim picture of the current state of the company.… Continue reading
Matt Underwood 
John Q. Hosedrinker