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Berkshire Hathaway Left Exposed Due to Holdings' Risky Race Initiatives
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by valuewalk
Friday, May 02, 2025 - 13:42
Washington, D.C. – At tomorrow's annual Berkshire Hathaway Inc. shareholder meeting, a representative of the National Center for Public Policy Research's Free Enterprise Project (FEP) will present a proposal requesting that the Board oversee an independent audit analyzing Berkshire's legal and reputational risks stemming from its subsidiaries' Diversity, Equity & Inclusion (DEI) programs.
"Berkshire subsidiaries may be engaging in unethical and illegal racial discrimination under the guise of DEI," FEP Executive Director Stefan Padfield will tell shareholders. "For example: (1) GEICO includes on its website race-based employee resource groups; (2) Shaw Industries also offers race-based employee groups, and has a supplier diversity program that tracks supplier spend on the basis of race and includes performance goals 'set around increasing spend with diverse suppliers'; (3) Fruit of the Loom includes increasing representation of 'ethnically diverse talent' across the organization as one of its sustainability goals."
https://www.zerohedge.com/news/2025-05-02/berkshire-hathaway-left-exposed-due-holdings-risky-race-initiatives