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Ok so being dyslexic in this heelscape is difficult. Would anyone be willing to explain what anti-“pro-dei” proposal against a counter proposal was approved to deny the shareholders what the company thought was good/bad?
More specifically, can someone explain is a bit more clearly:
"During a webcast of its annual meeting, executives with the farm equipment maker said only 1.3% of votes cast were in support of a resolution calling on the company to report on racial and gender hiring statistics “to prove it does not practice discrimination.” "
Maybe I’m confused…yeah. just maybe I’m confused.
fubarx@lemmy.ml 4 months ago
Many companies (including tech) started DEI policies in order to broaden their pool of candidates and make internal promotions more merit-based. The stated goal was to attract better candidates and make their services and products more in line with their customers. Made sense.
A few years later, many are capitulating to political pressures to drop those programs.
Thing is, the original problem still stands and these shareholders (who presumably mostly care about their investment) know this. That’s why they’re voting down these proposals. They could call Costco and Apple West Coast liberals, but not Deere. It’s just smart business.