Why Costco Is Holding Onto Its Diversity Initiatives

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 23 January 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Jan. 23. Many companies and government agencies are facing pressure to roll back their efforts at diversity, equity and inclusion, but Costco is working to keep them. WSJ reporter Sarah Nassauer explains why the company is urging shareholders to strike down a proposal to reject them. Plus, President Trump pushes his “America First” policies in an address to the World Economic Forum. And software firm MicroStrategy is making a big bet on bitcoin. We hear from WSJ reporter Vicky Ge Huang about the surprising group of investors backing it. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is sponsored by Northern Trust Wealth Management.
0:03.0	There is more to being a successful entrepreneur than just good business practices.
0:07.0	What is it about an entrepreneur's childhood that helped fuel their entrepreneurial spirit?
0:12.0	What are entrepreneurs doing to cultivate the spirit in their own children and build a legacy beyond their business?
0:17.0	Tune in each month to the Road to Why podcast by the Northern Trust Institute, where host
0:22.0	Eric Chappaya dives deeper with leading entrepreneurs on these topics and more.
0:26.3	Find the Road to Why where you listen to your favorite podcasts.
0:32.6	President Donald Trump pushes his America-first approach in an address at the World Economic Forum.
0:38.6	Plus, why Costco is standing by its diversity initiatives, and how micro-strategy is drawing
0:44.7	conservative investors to put their money in Bitcoin.
0:47.7	A lot of these bond investors, usually investors that play is safe, are starting to believe in the potential of Bitcoin to go up over the short, median to long term.
1:00.5	It's Thursday, January 23rd. I'm Alex Oslo for the Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:15.4	Thank you. What's News, the top headlines and business stories that move the world today. In a video address at the World Economic Forum in Davos, Switzerland, President Trump told
1:20.6	business leaders that, if they don't make their products in the U.S., they should expect to pay a
1:24.8	tariff.
1:25.5	My message to every business in the world is very simple.
1:29.1	Come make your product in America,
1:31.0	and we will give you among the lowest taxes of any nation on earth.
1:36.2	We're bringing them down very substantially,
1:38.2	even from the original Trump tax cuts.
1:41.1	But if you don't make your product in America,
1:43.6	which is your prerogative, then very
	...

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