Apple shareholders reject outside proposal to end DEI programs

CEO of Apple Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. Apple shareholders on Tuesday rejected a request to abolish its Inclusion & Diversity program, signaling that investors still see value in the company's diversity programs. The proposal, submitted by the National Center for Public Policy Research, was voted down at Apple's annual shareholder meeting. The proposal pushed Apple to cease its diversity, equity and inclusion, or DEI, and it cited CNBC reporting that found companies such as Alphabet , Meta , Microsoft and Zoom were rolling back their diversity programs. It requested that Apple get rid of its program, policies, department and goals, arguing that diversity programs may discriminate and that the compliance risk threatens Apple's bottom line. "The risks to Apple stemming from continuing to push these divisive and value-destroying agendas is only increasing in light of President Trump's ... Read full article.