News Formal

Lowe's becomes latest company to scrap DEI policies amid 'woke' backlash

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 37 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 63%

Lowe’S Nieuws

Marvin Ellison,Tractor Supply,Indian Motorcycle

Lowe’s is scaling back some of its diversity initiatives, becoming one of the largest companies yet to make such an about-face as activist pressure mounts.

) is scaling back some of its diversity initiatives, becoming one of the largest companies yet to make such an about-face as activist pressure mounts.

Similar changes discarding so-called DEI initiatives have been picking up momentum at major US corporations in recent months as critics target what they describe as "woke" policies.Lowe's reversal is the only from a company run by a black CEO. Its boss, Marvin Ellison, is the only black executive to have run two Fortune 500 companies: Lowe's and JCPenney.

Ellison, Lowe's CEO, has diversified the executive ranks of Lowe's since becoming the boss and he also had meetings with employees to discuss race following the police killing of George Floyd.That philosophy adopted in 2019 includes shareholders, customers, employees, and suppliers, along with the communities where a company operates.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Fed outlook, Lowe's earnings, Biden's DNC speech: 3 ThingsStock futures (^DJI, ^IXIC, ^GSPC) are mixed ahead of Tuesday's market open as the S&P 500 and Nasdaq Composite seek to extend their win streak...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »