March 15, 2024
Bloomberg recently published an article featuring Charles Tharp, Professor of the Practice in Management & Organizations discussing how Starbucks Corp. shareholders voted to amend the executive compensation plan by eliminating a bonus tied to DEI goals.
The decision comes amid concerns raised by conservative activists about DEI incentives potentially leading to unethical hiring practices. In return, the plan will be replaced with a more general workforce target.
Despite this change, experts emphasize the importance of transparent discussions and actions regarding diversity initiatives.
“What I hope is we don’t go to what I would call diversity hushing, where people don’t want to talk about what they’re doing,” Tharp adds.
