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Home » Apple shareholders vote against pressure to scrap diversity policies | Business and economy news
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Apple shareholders vote against pressure to scrap diversity policies | Business and economy news

userBy userFebruary 25, 2025No Comments3 Mins Read
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The proposal urged Apple to follow a string of well-known companies that have recently repeated diversity, equity and inclusion (DEI) initiatives.

Apple shareholders have rejected attempts to pressure President Donald Trump to take part in the push to President Donald Trump’s push, designed to diversify its employees.

The proposal drafted by the National Center for Public Policy Studies – a self-explanatory conservative think tank – is now a series of prominent companies that have withdrawn from the Diversity, Equality and Inclusion (DEI) initiative in the Trump administration’s crosshairs I urged Apple to. .

After a brief presentation on the anti-DEI proposal, Apple announced that shareholders rejected it without disclosing the vote count. Preliminary results will be outlined in regulatory submissions later Tuesday.

The results ask the U.S. Department of Justice to investigate whether these types of programs discriminate against employees whose race or gender is not consistent with the goals of the initiative, and the diversity of the programmes. Established Apple Management’s decision behind the commitment.

But Apple CEO Tim Cook has maintained a heartfelt relationship with Trump since his first term with Trump. After Cook and Trump met last week, Apple announced on Monday that it would invest $500 million in the US, creating 20,000 jobs over the next five years. This is a commitment praised by the President.

The shareholder vote on Tuesday came a month after the same group presented similar proposals at Costco’s annual meeting, but was overwhelmingly rejected.

The SNUB stated that in a pre-recorded presentation by Stefan Padfield, executive director of TheN Tank’s Free Enterprise Project, which argued that “forced diversity is bad for business,” the SNUB stated that it would stand up to Apple about the DEI program. I was not disappointed by the Policy Research Center. .

In the presentation, Padfield attacks Apple’s diversity commitment to be on the line with a recent court ruling, exposing the Cupertino, California company to an onslaught of potential lawsuits over alleged discrimination. I’ve said that. He cited the Trump administration as one of Apple’s potential legal enemies.

“The atmosphere shift is clear. Day is out and there are benefits,” Padfield said in his presentation.

“Attribute Culture”

The spectre of potential legal trouble last week came on target last week when Florida Attorney General James Usmierer argued that the recently expanded DEI program alienates many consumers and pays sales for shareholder damages. was expanded when a federal lawsuit was filed.

Like Costco, Apple argues that developing a diverse workforce has business implications.

However, Cook acknowledged that Apple may have to adjust its diversity program “as the legal environment changes.” world.

“We will continue to create a culture of belonging,” Cook told shareholders during the meeting.

In its final diversity and comprehensive report published in 2022, Apple revealed that nearly three-quarters of its global workforce consists of white and Asian employees. Almost two-thirds of the employees were male.

Other major technology companies have long reported that they employ mostly white and Asian men, especially in high-paying engineering jobs. This has prompted the industry to significantly pursue efforts to diversify.


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