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Thats fair, but in Costco's particular case Vanguard owns 9.33% and BlackRock owns 7.49%. State Street Corp owns 4.20% (Nice)
Institutional shares in total are 71.86% split among 71 different 13F filers, which includes the three listed above.
That means 28.14% are owned by individuals with the largest individual owner being former CEO Craig Jelinek 0.08% of all outstanding shares as of July 19, 2024. He leads with a very very large margin.
So with that in mind, the most likely event was that a large enough number of companies and individuals voted yes, and that some mixture of both also voted no. But I absolutely do concede to your very well made point, you were correct to say, that disproportionately a bunch of rich suits and ties voted for the end of DEI. Especially if they perceived economic incentive to hire literally anybody, prioritizing high efficiency able bodied and minded people, over specifying a diverse team. I do not agree with that sort of business philosophy but I have to acknowledge their reasoning: a larger pool of workers means lower labor costs.