Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Which US companies are pulling back on diversity initiatives?

The Associated Press
March 07, 2025

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in 2020.

The changes have come in response to a campaign by conservative activists to target workplace programs in the courts and social media, and more recently, President Donald Trump's executive orders aimed at upending DEI policies in both the federal government and private sector.

DEI policies typically are intended to root out systemic barriers to the advancement of historically marginalized groups in certain fields or roles. Critics argue that some education, government and business programs are discriminatory because they single out participants based on factors such as race, gender and sexual orientation. They have targeted corporate sponsorships, employee-led affinity groups, programs aimed at steering contracts to minority or women-owned businesses, and goals that some companies established for increasing minority representation in leadership ranks.

While hiring or promotion decisions based on race or gender is illegal under Title VII of the 1964 Civil Rights Act in most circumstances, companies say they are not doing that. Instead, they say they aspire to diversify their workforce over time through policies like widening candidate pools for job openings.

These are some of the companies that have retreated from DEI:

Uber

After an conducting an internal investigation that found rampant sexual harassment issues within its corporate office under its founder and former CEO Travis Kalanick, Uber has been focused on overhauling its corporate culture since its current CEO Dara Khosrowshahi took over in 2017.

Those changes had included a ramped-up commitment to diversity and inclusion as part of a commitment that the ride-hailing service highlighted in a section of its annual report for 2023.

But Uber dropped its diversity and inclusion section from its 2024 annual report filed last month. And the word "diversity" doesn't appear anywhere in its 135 pages.

Uber didn't immediately respond to a request for comment Friday.

Salesforce

Salesforce CEO Marc Benioff once was on a crusade to inspire other corporate leaders to become social activists in a drive to fix a "train wreck" of inequality, but he has since toned down that message while pledging to work with President Donald Trump "to drive American success and prosperity for all."

Although Benioff personally has remained an outspoken supporter of LGBTQ+ rights, Salesforce is no longer touting its diversity program. After carving out a section of its annual report filed last year to declare, "Equality, Diversity and Inclusion Equality is a core value at Salesforce," the San Francisco excluded any discussion of diversity programs in its latest annual report filed March 5.

"While we don't have representation goals, we remain committed to our value of equality," Salesforce said in a statement.

Pepsi

PepsiCo confirmed that it's ending some of its diversity, equity and inclusion initiatives, even as rival Coca-Cola voiced support for its own inclusion efforts.

In a memo sent to employees, PepsiCo CEO Ramon Laguarta said the company will no longer set goals for minority representation in its managerial roles or supplier base. The company will also align its sponsorships to events and groups that promote business growth, he said.

Laguarta wrote that inclusion remains important to PepsiCo, whose brands include Gatorade, Lay's potato chips, Doritos, Mountain Dew as well as Pepsi. The Purchase, New York-based company's chief diversity officer will transition to a broader role focused on employee engagement, leadership development and ensuring an inclusive culture, he said.

Goldman Sachs

Investment firm Goldman Sachs confirmed that it was dropping a requirement that forced IPO clients to include women and members of minority groups on their board of directors.

"As a result of legal developments related to board diversity requirements, we ended our formal board diversity policy," said a Goldman Sachs spokesman in an email to The Associated Press. "We continue to believe that successful boards benefit from diverse backgrounds and perspectives, and we will encourage them to take this approach."

Goldman Sachs said that it will still have a placement service that connects its clients with diverse candidates to serve on their boards.

Google

Google rescinded a goal it had set in 2020 to increase representation of underrepresented groups among the company's leadership team by 30% within five years. In a memo to employees, the company also said it was considering other changes in response to Trump's executive order aimed at prohibiting federal contractors from conducting DEI practices that constitute "illegal discrimination."

Google's parent company Alphabet also signaled things were changing in its annual 10-K report filed with the Securities and Exchange Commission. The report dropped a boilerplate sentence it has used since 2020 declaring that the company is "committed to making diversity, equity, and inclusion part of everything we do and to growing a workforce that is representative of the users we serve."

Target

The retailer said that changes to its "Belonging at the Bullseye" strategy would include ending a program it established to help Black employees build meaningful careers, improve the experience of Black shoppers and to promote Black-owned businesses following Floyd's death in Minneapolis, where Target has its headquarters.

Target, which operates nearly 2,000 stores nationwide and employs more than 400,000 people, said it also would conclude the diversity, equity and inclusion, or DEI, goals it previously set in three-year cycles.

The goals included hiring and promoting more women and members of racial minority groups, and recruiting more diverse suppliers, including businesses owned by people of color, women, LGBTQ+ people, veterans and people with disabilities.

Target also will no longer participate in surveys designed to gauge the effectiveness of its actions, including an annual index compiled by the Human Rights Campaign, a national LGBTQ+ rights organization. Target also said it would further evaluate corporate partnerships to ensure they're connected directly to business objectives, but declined to share details.

Meta Platforms

The parent company of Facebook and Instagram said it was getting rid of its diversity, equity and inclusion program, which featured policies for hiring, training and picking vendors.

Like other companies that announced similar changes before Meta, the social media giant said it had been reviewing the program since the Supreme Court's July 2023 ruling upending affirmative action in higher education.

Citing an internal memo sent to employees, news website Axios reported the Menlo Park, California-based tech giant said it would no longer have a team focused on diversity and inclusion and will instead "focus on how to apply fair and consistent practices that mitigate bias for all, no matter your background." The change means the company will also end its "diverse slate approach" to hiring, which involved considering a diverse pool of candidates for every open position.

Amazon

Amazon said it was halting some of its DEI programs, although it did not specify which ones. In a Dec. 16 memo to employees, Candi Castleberry, a senior human resources executive, said the company has been "winding down outdated programs and materials, and we're aiming to complete that by the end of 2024."

"We also know there will always be individuals or teams who continue to do well-intentioned things that don't align with our company-wide approach, and we might not always see those right away. But we'll keep at it," she wrote.

Rather than "have individual groups build programs," Castleberry said, Amazon is "focusing on programs with proven outcomes - and we also aim to foster a more truly inclusive culture."

McDonald's

Four years after launching a push for more diversity in its ranks, McDonald's said earlier this month that it is ending some of its diversity practices.

McDonald's said on Jan. 6 that it will retire specific goals for achieving diversity at senior leadership levels. It also intends to end a program that encourages its suppliers to develop diversity training and to increase the number of minority group members represented within their own leadership ranks.

McDonald's said it will also pause "external surveys." The burger giant didn't elaborate, but several other companies have suspended their participation in an annual survey by the HRC.

In an open letter to employees and franchisees, McDonald's senior leadership team said it remained committed to inclusion and believes that having a diverse workforce is a competitive advantage.

Walmart

The world's largest retailer confirmed in November that it would not be renewing a five-year commitment to a racial equity center set up in 2020 after the police killing of George Floyd, and that it would stop participating in the HRC's Corporate Equality Index.

Walmart also said it will better monitor its third-party marketplace to make sure items sold there do not include products aimed at LGBTQ+ minors, including chest binders intended for transgender youth.

Additionally, the company will no longer consider race and gender as a litmus test to improve diversity when it offers supplier contracts and it won't be gathering demographic data when determining financing eligibility for those grants.

Ford

CEO Jim Farley sent a memo to the automaker's employees in August outlining changes to the company's DEI policies, including a decision to stop taking part in HRC's Corporate Equality Index.

Ford, he wrote, had been looking at its policies for a year. The company doesn't use hiring quotas or tie compensation to specific diversity goals but remains committed to "fostering a safe and inclusive workplace," Farley said.

"We will continue to put our effort and resources into taking care of our customers, our team, and our communities versus publicly commenting on the many polarizing issues of the day," the memo said.

Lowe's

In August, Lowe's executive leadership said the company began "reviewing" its programs following the Supreme Court's affirmative action ruling and decided to combine its employee resource groups into one umbrella organization. Previously, the company had "individual groups representing diverse sections of our associate population."

The retailer also will no longer participate in the HRC index, and will stop sponsoring and participating in events, such as festivals and parades, that are outside of its business areas.

Harley-Davidson

In a post on X in August, Harley-Davidson said the company would review all sponsorships and organizations it was affiliated with, and that all would have to be centrally approved. It said the company would focus exclusively on growing the sport of motorcycling and retaining its loyal riding community, in addition to supporting first responders, active military members and veterans.

The motorcycle maker said it would no longer participate in the ranking of workplace equality compiled by the HRC, and that its trainings would be related to the needs of the business and absent of socially motivated content.

Harley-Davidson also said it does not have hiring quotas and would no longer have supplier diversity spending goals.

Brown-Forman

The parent company of Jack Daniels also pulled out from participating in the HRC's Corporate Equality Index, among other changes. Its leaders sent an email to employees in August saying the company launched its diversity and inclusion strategy in 2019, but since then "the world has evolved, our business has changed, and the legal and external landscape has shifted dramatically."

The company said it would remove its quantitative workforce and supplier diversity ambitions, ensure incentives and employee goals were tied to business performance, and review training programs for consistency with a revised strategy.

"Brown-Forman continues to foster an inclusive work environment where everyone is welcomed, respected, and able to bring their best self to work," spokeswoman Elizabeth Conway said in an email.

John Deere

The farm equipment maker said in July that it would no longer sponsor "social or cultural awareness" events, and that it would audit all training materials "to ensure the absence of socially-motivated messages" in compliance with federal and local laws.

Moline, Illinois-based John Deere added "the existence of diversity quotas and pronoun identification have never been and are not company policy." But it noted that it would still continue to "track and advance" the diversity of the company.

Tractor Supply

The retailer in June said it was ending an array of corporate diversity and climate efforts, a move that came after weeks of online conservative backlash against the rural retailer.

Tractor Supply said it would be eliminating all of its DEI roles while retiring current DEI goals. The company added that it would "stop sponsoring non-business activities" such as Pride festivals or voting campaigns -- and no longer submit data for the HRC index.

The Brentwood, Tennessee-based company, which sells products ranging from farming equipment to pet supplies, also said that it would withdraw from its carbon emission goals to instead "focus on our land and water conservation efforts."

The National Black Farmers Association called on Tractor Supply's president and CEO to step down shortly after the company's announcement.

Continue Reading...

Popular

Some friendly, some on-the-news questions at first briefing for new Pentagon press corps

The new journalism guard is officially in at the Pentagon. And the questions being asked of those running the world's most powerful military range from softballs to pointed queries to performances.

Salesforce Q3 Preview: Record Revenue Predicted, Can Shares Recover After 30% Drop In 2025?

Salesforce shares are down in 2025. The company's Q3 results and Q4 guidance could see shares volatile in the last month of the year.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Samsung Vs Apple: The Foldable Phone War Just Went Nuclear

Samsung just launched a game-changing foldable phone, putting pressure on Apple's rumored foldable iPhone. Will foldables become mainstream?

D.C.'s Quiet Plan for a New Tech Era - Ad

Why did federal agencies receive orders to "clear the runway" for a phenomenon most Americans haven't even heard of yet? And why are billionaires rushing in weeks before January 1? Whitney Tilson decoded the pattern.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Most Bitcoin Holders Have No Idea This Exists - Ad

I call it "Bitcoin Skimming"... and it allows you to "skim" cash into your account thanks to 2025's surging Bitcoin market. You don't have to buy or sell Bitcoin. Not one single penny's worth. In my latest video briefing, I'll give you everything you need to "skim" your first payout -- and it won't cost you a penny.

Donald Trump Nullifies 92% Of Joe Biden's Autopen-Signed Documents: 'Cancelling All Executive Orders And Anything Else'

Trump moved to invalidate what he claims are most of Biden's autopen-signed actions, sparking political backlash and renewed debate over the legality and precedent of using mechanical signatures for presidential documents.

Bitcoin Income Crushes Dividend Stocks - Ad

Why tie up $400,000 in Pepsi for a $1,200 a month payout when one little-known Bitcoin fund can deliver the same with just $30,000?

Trump commutes prison sentence for former private equity executive David Gentile

HALLANDALE BEACH, Fla. (AP) — President has commuted the prison sentence of former investment manager David Gentile, who was convicted of defrauding investors — the latest in a Trump has taken in .

Costco becomes biggest company yet to demand refund of Trump tariffs

WASHINGTON (AP) — Costco is joining other companies that aren't waiting to see President Donald Trump's most sweeping import taxes. They're going to court to demand refunds on the tariffs they've paid.

Bitcoin Just Humbled Jeff Bezos - Ad

Bitcoin just passed Amazon in market cap - yet most investors are making one big mistake: just buying and holding. Larry Benedict's "Bitcoin Skimming" method could deliver 6x, 9x, even 22x the gains. Don't miss out.

Bitcoin Roars Back To $91,000: 'Counter-Trend Rally' Is Coming, But Be Patient, Analyst Says

Bitcoin (CRYPTO: BTC) reclaimed the $91,000 level on Tuesday, lifted by renewed ETF activity and a wave of short liquidations that

Trump's Crypto Law Just Created a Massive Opportunity - Ad

Trump's newly signed GENIUS Act gives crypto its first official federal framework. While attention stays on Bitcoin, one overlooked coin could benefit the most-backed by skyrocketing volume, early fund activity, and pro-crypto policy momentum.

Donald Trump Administration's Unprecedented Investment In Private Firms Raises Eyebrows

President Trump administration has invested over $10 billion of taxpayer funds in private companies deemed crucial to national security.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

A lost generation of news consumers? Survey shows how teenagers dislike the news media

NEW YORK (AP) — Cat Murphy, a college student, has wanted to be a journalist since she was 11. Many of her friends don't understand why.

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

Ross Gerber Says Meta's Smart Glasses Give Him 'Hope' To Give Up His Phone One Day — Just Like Mark Zuckerberg Predicted 10 Years Ago

Meta investor Ross Gerber says the company's new smart glasses give him hope of ditching his phone—a vision that aligns with Mark Zuckerberg's decade-old prediction, even as early reviews highlight impressive hardware but limited everyday usefulness.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy

LONDON (AP) — British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before .

All 14 victims identified from fiery UPS cargo plane crash in Louisville

LOUISVILLE, Ky. (AP) — A grandfather and his young granddaughter. An electrician with two young children. A woman standing in line at a scrap metal business.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Donations for Hong Kong fire victims reach $115 million, while crackdown on dissent hardens

HONG KONG (AP) — Donations for victims of a Hong Kong fire that killed at least 146 people and left thousands homeless reached 900 million Hong Kong dollars (US$115 million), authorities said Monday, in a massive outpouring of sympathy and support. But as questions grew over who to blame for the deadly blaze, the government appeared to be moving swiftly to stifle criticism.

Warren Buffett Initiates Alphabet Position, Trims Apple In Q3 — Here Are Berkshire's Moves

Warren Buffett's Berkshire Hathaway took a new stake in a member of the Magnificent Seven, while lowering its stake in Apple in the third quarter.

D.C.'s Quiet Plan for a New Tech Era - Ad

Why did federal agencies receive orders to "clear the runway" for a phenomenon most Americans haven't even heard of yet? And why are billionaires rushing in weeks before January 1? Whitney Tilson decoded the pattern.

Trump Bars South Africa From 2026 G20 Summit In Florida, Freezes Aid Over 'White Genocide'

President Donald Trump directed that South Africa will not be invited to the 2026 G20 Summit in Miami, Florida. He also declared that all U.S. payments and subsidies to the country would be immediately suspended.

Apple Announces Major Changes: New iPhone Models and Altered Release Schedule

Apple has announced plans to roll out three new iPhone models within the next three years, marking a major transformation in the history of the device.

Most Bitcoin Holders Have No Idea This Exists - Ad

I call it "Bitcoin Skimming"... and it allows you to "skim" cash into your account thanks to 2025's surging Bitcoin market. You don't have to buy or sell Bitcoin. Not one single penny's worth. In my latest video briefing, I'll give you everything you need to "skim" your first payout -- and it won't cost you a penny.

Samsung Hikes Key Chip Prices 60% To Keep Up With AI Boom 'Panic Ordering'

Samsung Electronics (OTC: SSNLF) has hiked prices on key memory chips by up to 60% since September due to high demand and supply shortage.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service