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 News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »