Writing for Bloomberg, Andrew Ramonas reports that companies are increasingly dialing back diversity, equity and inclusion (DEI) considerations for the purposes of boosting their top executives’ compensation. NLPC has introduced shareholder proposals at several companies calling for the incentives to be eliminated, as Ramonas notes in his article:
The pressure on companies to scale back DEI initiatives has risen substantially this year. McDonald’s Corp., JPMorgan Chase & Co., and American Express Co. are getting pressure from free enterprise advocate the National Legal and Policy Center to reconsider policies linking executive pay to diversity goals in the coming months. Ford Motor Co., Lowe’s Cos., and other companies also are backing off some DEI initiatives after campaigns by right-wing podcaster and social media influencer Robby Starbuck.
There is still a long way to go, as the Heritage Foundation determined in a study that found “nearly all Fortune 500 companies still list commitments to DEI on their websites.”
Read Ramonas’s full story here (subscription required).
