28 Companies Where Shareholders Defended DEI

ByHenry O'Loughlin

Shareholders Defending DEI

This report covers 28 notable companies where shareholders voted against anti-DEI proposals. 

 

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👉 Companies Where Shareholders Voted Against Anti-DEI Proposals 👈

Mastercard

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/24/2025
  • Story: Mastercard shareholders rejected an anti-DEI proposal with 100% voting no (rounded from 99.6%).

Best Buy

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/13/2025
  • Story: Best Buy shareholders rejected an anti-DEI proposal with a 99-1 vote.

American Airlines

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/11/2025
  • Story: American Airlines shareholders rejected an anti-DEI proposal with a 98-2 vote.

Caterpillar

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/11/2025
  • Story: Caterpillar shareholders rejected an anti-DEI proposal with a 97-3 vote.

Dick’s Sporting Goods

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/11/2025
  • Story: DICK’S Sporting Goods shareholders rejected an anti-DEI proposal with a 98-2 vote.

Lululemon

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/11/2025
  • Story: lululemon shareholders rejected an anti-DEI proposal with 100% voting no (rounded from 99.7%).

Target

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/11/2025
  • Story: Target shareholders rejected an anti-DEI proposal with 92% voting no, 7% yes, and 1% abstaining.

Alphabet (Google)

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/6/2025
  • Story: Alphabet Inc. (Google) shareholders voted 99% against two anti-DEI proposals (1% abstained) at the annual meeting, which targeted the company’s LGBTQ+ inclusion initiatives.

PayPal

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/5/2025
  • Story: PayPal shareholders rejected an anti-DEI proposal with 98% voting no and 1% abstaining.

Walmart

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/5/2025
  • Story: Walmart shareholders rejected an anti-DEI proposal with 100% voting no (rounded from 99.6%).

Netflix

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 6/5/2025
  • Story: Netflix shareholders nearly unanimously rejected a proposal to end DEI initiatives.

Merck

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 5/27/2025
  • Story: Merck shareholders rejected an anti-DEI proposal with a 99-1 vote.

Southern Company

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 5/21/2025
  • Story: Southern Company shareholders rejected an anti-DEI proposal with a 98-2 vote.

Amazon

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 5/21/2025
  • Story: Amazon shareholders defeated a resolution to scale back DEI efforts; only about 1% supported the change.

Yum! Brands

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 5/15/2025
  • Story: Shareholders of Yum! Brands, the parent of KFC/Taco Bell, likewise voted roughly 99% against an anti-DEI proposal (only ~1% support).

Gilead Sciences

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 5/7/2025
  • Story: Shareholders of Gilead Sciences voted to reject an anti-DEI proposal, 99-1%, which called for a review of risks stemming from the company’s DEI policies for contractors and suppliers.

Bristol Myers Squibb

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 5/6/2025
  • Story: One of the proposals requested the company “Cease DEI Efforts.” Shareholders voted to reject both proposals, 98-1% and 97-2%, the filing said.

Berkshire Hathaway

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 5/3/2025
  • Story: Berkshire Hathaway shareholders on Saturday rejected a resolution requiring the company to report on risks from its subsidiaries’ race-based initiatives, one of several diversity-related proposals voted down.

Coca-Cola

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 4/30/2025
  • Story: Coca-Cola shareholders rejected two anti-DEI proposals with 99% voting no.

American Express

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 4/29/2025
  • Story: American Express shareholders rejected an anti-DEI proposal with 99% voting no.

Pfizer

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 4/24/2025
  • Story: Pfizer shareholders rejected an anti-DEI proposal with a 98-2 vote.

Goldman Sachs

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 4/23/2025
  • Story: Two shareholder proposals aimed at eliminating DEI-based pay incentives and conducting DEI audits were defeated by 98%+ of shareholders, with the board reaffirming DEI’s strategic importance.

Levi Strauss & Co.

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 4/23/2025
  • Story: More than 99% of Levi Strauss’ shareholders voted against the proposal at the annual meeting of shareholders held on April 23, the filing said.

John Deere

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 2/26/2025
  • Story: John Deere shareholders rejected an anti-DEI proposal with 99% voting no.

Apple

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 2/26/2025
  • Story: A proposal aimed to dismantle Apple’s DEI initiatives, citing potential legal risks and alignment with recent political directives. However, an overwhelming 97% of shareholders voted against this measure.

Visa

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 1/28/2025
  • Story: Visa shareholders rejected an anti-DEI proposal with a 99-1 vote.

Costco

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 1/24/2025
  • Story: Some 98% of shareholders voted to keep the company’s initiatives, which have included training, open conversations to promote inclusivity, and the appointment of its first chief diversity officer in 2022.

AT&T

  • Action: Shareholders voted against anti-DEI proposal
  • Date: 5/16/2024
  • Story: AT&T shareholders rejected a “workforce civil liberties” proposal (focused on alleged DEI-related discrimination) with 97.7% voting against and only ~2.3% in favor.

Shareholders Defending DEI

Sources

 

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