Apple shareholders reject proposal to scrap DEI despite growing backlash
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Apple shareholders have rejected a proposal to eliminate the company's Diversity, Equity, and Inclusion (DEI) initiatives, despite some backlash. CEO Tim Cook emphasized that Apple does not use quotas or targets in its diversity programs.
February 25, 2025 | 6:15 pm
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Apple's shareholders have voted against a proposal to eliminate DEI initiatives, indicating continued support for diversity efforts. CEO Tim Cook stated that Apple does not use quotas or targets in these programs.
The rejection of the proposal suggests that shareholders support Apple's current DEI initiatives. This decision is unlikely to have a significant short-term impact on Apple's stock price, as it maintains the status quo. However, it reinforces Apple's commitment to diversity, which could be viewed positively by investors focused on corporate responsibility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100