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The Apple Tim Cook CEO poses while Apple celebrates an event at the Steve Jobs Theater on its campus in Cupertino, California, on September 9, 2024.
Orbegozo Manuel | Reuters
Apple Shareholders rejected an application on Tuesday to abolish their inclusion and diversity program, indicating that investors still see value in the company’s diversity programs.
The proposal, presented by the National Public Policy Research Center, was rejected at the Annual Shareholders Meeting of Apple.
The proposal pushed Apple to cease its diversity, equity and inclusion, or Dei, and cited CNBC reports that companies like Alphabet, Goal, Microsoft and Zoom We were going back their diversity programs. He requested that Apple eliminate its program, policies, department and objectives, arguing that diversity programs can discriminate and that the risk of compliance threatens Apple’s final result.
“Apple’s risks derived from continuing to drive these divisive agendas and that destroy the value are only increasing in the light of the recent executive order of President Trump that focuses on the Department of Justice to eliminate the illegal discrimination that is carried out in the name of Dei “,”, NCPPR executive. Dei is out and merit is inside. “
Apple opposed the measure, saying that it already complies with employment laws and that the proposal inappropriately seeks micrognition of the company’s programs.
“Our strength has always come from hiring the best people and then providing a culture of collaboration, one in which people with various origins and perspectives come together to innovate and create something magical for our users,” said Apple’s CEO, Tim cook.
Despite opposing the measure, Cook warned that the legal landscape around diversity problems can force Apple to make changes.
Even before President Donald Trump was elected in November, diversity programs have been reduced throughout the corporate world. A key driver was a 2023 Supreme Court ruling that found that affirmative action in university admissions was unconstitutional.
Companies like Amazon, McDonald’s, Aim, Ford, Lowe’s and Walmart They have abandoned or reduced the initiatives ofi. When Trump took office last month, one of His first executive orders He sought to finish the Federal Government Dei programs.
Apple has inclusion programs that range from internal support groups, characteristics for people with disabilities and research efforts to ensure that company’s products and services do not show racial biases, according to The company’s website.
According to the company’s website, almost two thirds of the company’s workforce is masculine, and 35% are a woman, who cites figures from 2022. The website also establishes that 42% of the employees are white and the 30% are Asians.
Other proposals
Apple’s shareholders also demolished external proposals to create reports on the ethical use of the company’s data, the costs and benefits of the different approaches to combat the exploitation of children and charitable donations.
Investors also rejected a proposal from the Legal and Policy National Center that focused on their OpenAI association. He suggested that Apple’s fight with OpenAi It can contradict its approach to privacy and urged the company to prepare a report on the risks of using private or without license to train artificial intelligence.
The company opposed the proposal, saying that it already provides information about its IA data privacy practices.
Shareholders approved Apple’s list for the Board of Directors, their auditor and the company’s executive compensation in an advice vote.
That included the annual cook compensation. He was paid $ 74.61 million in salary in 2024, awards of shares and bonds, compared to $ 64.21 million in 2023. In the documents provided to the shareholders, Apple promoted that its market capitalization had increased by more than $ 3 billion during the mandate of cook.
At the meeting, Cook talked about an allocation of $ 500 billion for the US spending announced on Monday that was acclaimed by Trump.
“The United States is our home, and we are deeply committed to the future of the country,” he said.
In addition, Cook said Apple plans to increase its dividend annually and will update investors in May about this year’s increase.
“We have also paid more than $ 165 billion in dividends, including $ 15.3 billion in the last four quarters,” Cook said.
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