Summary
Deere investors overwhelmingly rejected an anti-DEI resolution, with only 1.3% voting in favor.
The proposal, filed by the conservative National Legal and Policy Center, sought a report on racial and gender hiring statistics.
Deere, which recently distanced itself from LGBTQ+ pride events, faced scrutiny amid broader corporate retreats from DEI under pressure from the Trump administration.
However, investors at Apple and Costco have upheld DEI efforts, reflecting continued support for workplace diversity despite political opposition. Deere’s vote signals resistance to anti-DEI measures in the corporate sector.
Ok so being dyslexic in this heelscape is difficult. Would anyone be willing to explain what anti-"pro-dei" proposal against a counter proposal was approved to deny the shareholders what the company thought was good/bad?
More specifically, can someone explain is a bit more clearly:
"During a webcast of its annual meeting, executives with the farm equipment maker said only 1.3% of votes cast were in support of a resolution calling on the company to report on racial and gender hiring statistics "to prove it does not practice discrimination." "
Maybe I'm confused...yeah. just maybe I'm confused.