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Stock impact report

McDonald's becomes latest Fortune 500 company to end diversity programs citing ‘shifting legal landscape' on affirmative action [Fortune]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Fortune
McDonald's is the latest to shift its tactics in the wake of the Supreme Court ruling and the conservative backlash that followed. Walmart , John Deere Harley-Davidson and others have also rolled back diversity programs. McDonald's said Monday that it planned to 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 increase the number of minorities in their own leadership ranks. McDonald's said it will also pause “external surveys.” The Chicago burger giant didn't elaborate, but several other companies, including Lowe's and Ford Motor Co ., have declined to participate in an annual survey by the Human Rights Campaign that measures workplace inclusion for LGBTQ+ employees. In an open letter to employees and franchisees, McDonald's senior leadership team said that it remains committed to inclusion and believes its diversity is a competitive advantage. The company Show less Read more
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