Walmart reverses course on DEI policies
Fox News contributor Joe Concha joined ‘Fox & Friends First’ to discuss Walmart rolling back its DEI policies, Alec Baldwin claiming Americans are uninformed and the Axios CEO firing back at Elon Musk over the changing media landscape.
FIRST ON FOX: A new report looked at company statements, annual reports and other publicly available documents from every Fortune 500 company and found that virtually all of them have maintained their commitments to “diversity, equity and inclusion” (DEI) despite a trend of private companies relinquishing these commitments amid growing criticism.
Walmart, last week, became the latest major company to roll back its DEI commitments. The private sector’s move away from such commitments, which include race-based hiring practices or other preferential treatment provided based on someone’s immutable characteristics, has been strong enough that it spurred a cohort of 49 Democratic lawmakers in the House of Representatives to pen a letter several weeks ago to the country’s Fortune 1000 companies, urging them not to give in to pressure to dismantle their DEI commitments. The lawmakers argued that such commitments help provide for a fairer shot at the American Dream for “everyone.”
The effort to ensure that “everyone” is given a fair shot is a main reason why Walmart decided to begin rolling back some of its commitments.
“Our purpose, to help people save money and live better, has been at our core since our founding 62 years ago and continues to guide us today,” Joe Pennington, the director of Walmart’s global press office, told Fox News Digital. “We’ve been on a journey and know we aren’t perfect, but every decision comes from a place of wanting to foster a sense of belonging, to open doors to opportunities for all our associates, customers and suppliers and to be a Walmart for everyone.”
While pressure on private companies to relinquish their DEI commitments has yielded some…
