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3mo ago

Corporate DEI Policies Face Legal and Political Challenges in the U.S.

Companies, investors, and governments are clashing over the future of diversity, equity, and inclusion initiatives as lawsuits and political actions escalate.

People shop on Black Friday near a Target and the Westfield Wheaton mall in Wheaton Maryland, U.S., November 29, 2024. REUTERS/Leah Millis/File Photo
The Target logo is displayed at a Target store on August 20, 2024 in Los Angeles, California.
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Overview

  • Oklahoma's state treasurer plans to file shareholder resolutions urging companies like Amazon and Netflix to eliminate DEI programs and adopt political neutrality.
  • Target faces a class-action lawsuit alleging it misled investors about the financial risks tied to its DEI policies and Pride Month campaigns.
  • President Donald Trump has issued executive orders dismantling DEI programs across federal agencies and influencing private sector policies, citing them as discriminatory.
  • Some corporations, including Walmart and McDonald's, have scaled back or ended DEI initiatives, citing legal, political, and market pressures.
  • In contrast, companies like Costco and JPMorgan Chase reaffirm their commitment to DEI, emphasizing its business value despite growing opposition.