Top New York official asks Best Buy about its commitment to LGBTQ groups after conservative pressure [MSNBC.com]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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Source: MSNBC.com
The New York state comptroller sent a letter to Best Buy last week questioning whether the company changed its commitment to inclusivity and supporting LGBTQ groups. The letter was sent four weeks after NBC News was first to report that the consumer electronics giantoffered to screen LGBTQ nonprofit donationsThe comptroller’s office manages the state’s $207 billion public pension fund, which has invested in Best Buy.“Diversity, equity and inclusion are fundamental values of companies with sound, sustainable, and profitable long-term strategies. Inclusion is essential for employee recruitment and retention, a driver of innovation, and an element of consumer brand loyalty,” Comptroller Thomas DiNapoli wrote to Best Buy CEO Corie S. Barry and the company’s board chairman, J. Patrick Doyle.The letter, which the comptroller’s office shared with NBC News, was sent to Best Buy afterNBC News first reportedSecurities and Exchange Commission filingNational Center for Public Policy Research“I am
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