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Costco Wholesale CEO's statement regarding class action certification

22 Jan '07
3 min read

"We are dependent for our success and growth on the growth and development of our people. They are our most important assets. It would be self-defeating and nonsensical for us to allow for discrimination in a way that deprives any of our people of an opportunity for advancement, and we do not tolerate any such discrimination. That is why merit is the only measure we have ever used in promotions and why we have more than 250 female General Managers and Assistant General Managers running Costco warehouses in the U.S. today."

"Our steadfast insistence on merit-based promotions from within the company has also resulted in many women being appointed to warehouse management positions in other countries where we operate, including some countries in Asia and Latin America where such diversity is not common nor legally required.”

"Since this case was filed, literally hundreds of current and former female warehouse employees have volunteered to testify in our defense. Many of them have asked for the opportunity to tell their career stories to Costco. They report that they have been treated fairly. It is obvious that there are more men than women in certain warehouse management positions, but statistics cited out of context do not always tell the whole story."

"We look forward to the opportunity to tell the whole story in the proper forum and at the right time. At the same time, we respect the rights of any current or former employee who disagrees withus, and therefore take this opportunity to reiterate that the company will never retaliate against anyone who participates in the legal process."

"We normally do not comment on pending litigation. We are departing from that rule in this instance because we feel it is important to reiterate our guiding principles to all of our stakeholders."

Costco Wholesale Corporation

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