The CEO and president of Walmart US, John Furner, said that the retail giant would continue to “make the best decisions” that employees and customers would have the impression of belonging.
First counter-fox: Walmart Investors supports the company’s decision to retreat its Dei initiatives have published an urgent letter the large -scale retailer to keep the course because it faces an immense reaction from Democratic officials and left -wing shareholders.
The letter – which was written by the alliance defending Freedom, a conservative group, and signed by a collection of more than 60 investors, advisers and groups of proxy consultants – Salue Walmart Decision to retreatSaying that the decision “restores the promise of the American dream”.
The Adf’s main lawyer Jeremy Tedesco, said Digital Fox News He hopes that the letter will give Walmart the “courage and the arguments they need to continue with a very good decision”.
A group of investors sent a letter to Walmart to support its decision to withdraw its dei policies.
“Walmart, the best decision for them, is to put Dei in the bin of bad corporate political decisions,” said Tedesco.
The retailer announced in November that they reigned in their DEI policies, joining a growing list of companies that have reduced their Dei initiatives. Walmart has promised to withdraw certain third -party transgender products in an inappropriate manner towards children from their online stores, and review the subsidies granted to pride events to avoid sexualized programs intended for children.
Walmart has also ended its participation in the equality index of human rights societies, which notes companies on its LGBTQ policies, and promised to stop using the “Latin” and “Dei” in official communications.
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The president and chief executive officer of Walmart, John Furner, addresses the decline by the company of the policy of “CBS Mornings”. (CBS / Capture / Fox News)
“Like many companies across the United States, we are traveling,” said Furner. “We will continue to be on a trip. And what we are trying to do is insure each client, each partner feels welcomed here in the shop and to feel like belonging,” said CEO and president of Walmart US and President John Furner said to CBS in the morning in November.
The letter was written in response to a previous letter written by 30 Walmart shareholders exploding their DEI rollbacks.
“See the company withdraw from its declared values ​​and the commercial opportunities associated with a diversified and inclusive workforce is very discouraging, moreover, Walmart has not offered financial or profitability for this change in policy , but the company has identified the progress of belonging, diversity, diversity, equity and inclusion ‘as one of the four priority ESG problems which offer to the greatest Walmart potential to create a shared value “, wrote the signatories in January.
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Target was struck by a collective appeal on their dei policies. (David Paul Morris / Bloomberg via Getty Images / Getty Images)
Walmart, who is the largest private employer in the country, was Targeted by 13 attorneys general of the Democratic StateWho also sent a letter the day after the monitoring of leftist shareholders pressed the retailer to reconsider his decision to eliminate many of his Dei initiatives.
“The threats of boycotting, continuing or impacting themselves negatively of Walmart may have contributed to your decision to move away from your commitments towards Dei. But we fear that Walmart did not take into account the other side – Customers and employees who will be alienated by this departure, “wrote the GA of the State.
The president of the Bowyer Research Fund, Jerry Bowyer, said that Walmart was “intelligent” to move away from Dei and believes that the states led by Democrats try to intimidate the retailer in decline on Dei by throwing their weight and their retirement money.
Bowyer, signatory of the letter, said that Walmart meant Dei’s adoption following the death of George Floyd, but failed to “read the small characters” on the way these policies would force them to “Stop treating people as well”.
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Inspire Investing PDG, Robert Netzly, told Fox News Digital that his company, which represents confessional investors from across the country, had signed the letter because its customers have “deep concerns” about Dei and consider policies like “Immoral” and “Division.”
“These policies not only harm people who work there by providing an unjust and discriminatory environment, but also in legal risks and the risk of shareholders from [a] The financial point of view, “he said.
Walmart did not immediately respond to a request for comments.
