Walmart’s decision to dial back its diversity, equity and inclusion “DEI” programs was widely celebrated by conservatives, but some shareholders and Democratic officials are pushing back.
The retail giant joined the growing list of companies scaling back DEI initiatives in November following similar moves from big names including Harley-Davidson, John Deere, and Tractor Supply. McDonald’s, Amazon, Meta and American Airlines have also since announced a change to their DEI policies as more companies follow suit.
While some investors hailed Walmart’s move as a step in the right direction, others are urging the retailer to reconsider its abandonment of DEI. In a letter addressed to Walmart CEO Doug McMillon, a group of more than 30 Walmart Inc. shareholders, who represent more than $266 billion in combined assets, asked the company to explain the business impact of abandoning DEI initiatives, calling the reversal “disheartening,” Bloomberg first reported.
IS DEI DYING? HERE’S THE LIST OF COMPANIES THAT HAVE ROLLED BACK THE ‘WOKE’ POLICIES
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