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Costco Chair Tony James: We’re Not Changing Our DEI Policies, We Think of DEI ‘as Part of a Meritocracy’

‘We just want to run a good business’
By Grabien Staff

EXCERPT:

JAMES: “We took an executive vice president from operations and made him our first diversity officer --”
SORKIN: “Right.”
JAMES: “-- over 20 years ago. We think of this as not so much for the social good, although I think it is, we think of this as part of a meritocracy. If we attract a broader talent pool -- we have 300,000 employees -- we attract a broader talent pool, and we work with them all individually, given their different backgrounds --”
SORKIN: “Right.”
JAMES: “-- to be the best professionals they can be, we have a better employee base to choose from. And I think it enhances our ability to be a meritocracy.”

 

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