Apple Tim Cook’s CEO held an event at its Steve Jobs Theatre in Cupertino, California, September 9 , September 9, 2024.
Orbegozo Manuel | Reuters
apple Shareholders on Tuesday rejected the requirement to abolish their inclusion and diversity programs, suggesting investors still see the value of the company’s diversification program.
The proposal was submitted by the National Center for Public Policy Research and was voted on at Apple’s annual shareholder meeting.
The proposal forced Apple to stop its diversity, fairness and inclusion or DEI, and cited CNBC Report Discover the image letter,,,,, Yuan,,,,, Microsoft and Soaring Retreat their diversity plans. It requires Apple to get rid of its plans, policies, departments and goals, believe that diversity plans may discriminate, and that compliance risks threaten Apple’s bottom line.
“Apple’s risks arising from continuing to push these agendas of divisions and values are the only ones in view of President Trump’s recent executive order focusing the Justice Department on illegal discrimination under the name of Dei, NCPPR executive “The shift in the atmosphere is obvious,” said director Stephen Padfield at the meeting. Dei has come out, and the advantages lie in it. ”
Apple opposes the measure, saying it has complied with the employment law and the proposal improperly seeks to micromanage the company’s plans.
“Our strength always comes from hiring the best people and then providing a collaborative culture where people with different backgrounds and perspectives are together,” said Tim Cook, CEO of Apple. Innovate and create magical things for our users.”
Despite opposing the measure, Cook did warn that the legal landscape surrounding diversity issues could force Apple to make changes.
Even before President Donald Trump was elected in November, diversification plans have been scaled down across the entire corporate world. One major driver is the 2023 Supreme Court ruling that found affirmative action unconstitutional in college admissions.
The company likes it Amazon,,,,, McDonald’s,,,,, Target,,,,, Ford,,,,, labor and Walmart Abandoned or scaled the DEI plan. When Trump took office last month, His first execution command Attempt to end the federal government’s DEI program.
Apple’s inclusion program includes internal support groups, functions and research efforts for people with disabilities to ensure that company products and services do not show racial bias. Company’s website.
According to the company’s website, nearly two-thirds of the company’s workforce are men, while women are women, with 35% of them being women, which quotes 2022 figures. The website also notes that 42% of employees are white and 30% are Asian.
Other suggestions
Apple shareholders also rejected external advice to create reports on the use of corporate ethical AI data, with the costs and benefits of different approaches to child exploitation and charitable donations.
Investors also rejected a proposal from the National Center for Law and Policy that focused on its OpenAI partnership. It recommends Apple’s Handle Openai It may contradict its concerns about privacy and urges the company to prepare reports on the risks of using private or unlicensed data to train AI.
The company opposed the proposal, saying it had provided information about its AI data privacy practices.
Shareholders did approve Apple’s board of directors, its auditors and company executives’ compensation.
This includes Cook’s annual salary. He received a salary of $74.61 million in 2024 in stock awards and bonuses, up from $64.21 million in 2023. In documents provided to shareholders, Apple touted its market cap to increase by $3 trillion during Cook’s tenure.
At the meeting, Cook talked about the $500 billion U.S. spending announced Monday Praise by Trump.
“The United States is our home and we are deeply committed to the future of the country,” he said.
Additionally, Cook said Apple plans to increase its dividend each year and will update its investors’ growth this year in May.
“We also paid more than $165 billion in dividends, including $15.3 billion in the last four quarters,” Cook said.
watch: Apple invests $500 billion to play a role in powering Apple’s intelligence
