thomas

It’s a bit disgusting to witness the speed and glee with which some corporates are ditching the ESG and DEI initiatives now that the pendulum is swinging the other way.

Regardless of your personal opinion on those agendas, it means that either those corporates are prone to flip-flopping, or they never held those “corporate values” with any sincerity to begin with.

I would actually prefer that corporates stop pretend to defend values in the first place — at least it removes the hypocrisy from the equation

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Disgusting, sure. Surprising? Not really. These companies do not really care, and never did,  about ESG/DEI or anything else that isn't profit-driven.

Costco is really one of the few bucking the trend here. You can bet that as soon as ESG/DEI begins to hurt their bottom line that ESG/DEI is the first thing to go.

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Thing is that diverse teams improve profits according to studies, so it's odd profit-driven companies wouldn't embrace DEI.

True, and they all seem like an L for the employee and customer. Why not go with an option that seems more like a W for everyone?

Companies have many tools to drive profits: layoffs, outsourcing, other cost-cutting measures, mergers, increasing product costs, etc