Walmart shareholders send letters of support to govern Day’s policy
Walmart US CEO and president John Ferner said retail giants can “make the best decisions” that allow employees and customers to feel they belong.
FOX: FOX: Walmart Investors supports the company’s decision to roll back Initiative’s Faced with immense backlash from Democratic officials and left-wing shareholders, he issued a letter urging large box retailers to stay on the course.
Drafted by the conservative group Alliance Defending Freedom and signed by a collection of over 60 investors, advisors and proxy consultants groups, the letter is hung by Walmart. Deciding to roll back Deithe decision says that it will “restore the promises of America’s dreams.”
ADF Senior Advisor Jeremy Tedesco said Fox News Digital He hopes that the letter will give Walmart the “courage and arguments needed to continue making very good decisions.”
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A group of investors wrote to Walmart in support of its decision to roll back the DEI policy.
“The best decision for them, Walmart, is to put Day in the trash can of bad corporate policy decisions,” Tedesco said.
The retailer announced in November that it would take control of DEI’s policies and join the growing list of businesses that have scaled down their DEI initiative. Walmart vows to remove certain third-party transgender products from online stores to inappropriately sell to children, grants grants given to Pride Events to avoid sexual programming targeting children. I have reviewed it.
Walmart has also vowed to end his participation in the Corporate Equality Index of Human Rights Campaigns scoring businesses in LGBTQ policies and to stop using the terms “Latinx” and “Dei” in official communications.
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Walmart US President and CEO John Furner is working on rolling back the company’s DEI policy on “CBS Mornings.” (CBS/Screenshots/Fox News)
“Like many businesses across the country, we’ve traveled,” Farner said. “We will continue on our journey, and what we are trying to do is to ensure all our customers. All associates are welcome here in the store and they belong to us. That’s what I feel.” I told CBS Morning November.
The letter was drafted in response to an earlier letter drafted by 30 Walmart shareholders, blowing up the DEI rollback.
“It is extremely discouraging to see us retreat from the business opportunities associated with the stated values and diverse and inclusive workforce. Furthermore, Walmart has set a financial or business case for this policy change. Although not provided, the company has identified “attribution, advances in diversity.” The signator wrote in January, one of the four priority ESG issues that offers the greatest potential for Walmart to create shared value is the stock and comprehensive ”””’s ”
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Target was hit by a class action lawsuit over DEI policy. (Getty Images/David Paul Morris via Getty Images/Bloomberg)
That’s what Walmart, the country’s largest private employer 13 Democratic attorney generals targetedHe also wrote a letter the day after Left shareholders pressed retailers to reconsider their decision to eliminate many of the DEI initiatives.
“Boycott, Sue, or otherwise, the threat that will negatively affect Walmart’s revenues may have contributed to your decision to leave your commitment to Day. But Walmart is on the other side, that is, alienated. They are concerned that they did not consider customers and employees. With this departure, state AG wrote.
Jerry Bowier of the Bowier Research Fund said Walmart is “wise” to leave Day, and a democratically-led state threatens retailers and throws weight and pension money into Day’s backslide I feel like I’m trying to intimidate.
Boweir, the signer of the letter, said Walmart would adopt Day in the wake of George Floyd’s death, but how these policies would make them “stop treating people equally” He said he failed to “read the fine print” when requesting.
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Inspire Investing CEO Robert Netzly told Fox News Digital that his company, representing faith-based investors across the country, has “deep concerns” about DEI, and policies have been “immoral” and “divorce” He said he signed the letter because he viewed it as a “target.” “
“These policies not only harm those who work there by providing an unfair and discriminatory environment, but also introduce legal and shareholder risks from a financial standpoint,” he says. I did.
Walmart did not immediately respond to requests for comment.