Posted on 03/03/2014 4:00:38 PM PST by Windflier
Apple chief executive Tim Cook has told climate-change deniers they should not buy shares in the company.
Cook, 53, who took over the company shortly after Steve Jobs died of cancer in October 2011, was giving a talk at the 2014 Annual Meeting of Shareholders when he made the remarks.
The National Centre for Public Policy had called for Apple not to put money in green energy projects which are not profitable.
However, Cook said Apple did 'a lot of things for reasons besides profit motive' adding: 'We want to leave the world better than we found it.'
He said: 'If you want me to do things only for ROI (return on investment) reasons, you should get out of this stock.
'When we work on making devices accessible to the blind, I don't consider bloody ROI'.
Since becoming Apple's chief executive, Cook has increased the use of solar, wind and geothermal resources used to power the company's offices to more than 75 per cent.
He has also donated millions of dollars of Apple's money to charity.
Pledging to improve conditions for workers in China where iPhones and iPads are made he said: 'We believe that workers everywhere have the right to a safe and fair work environment.'
(Excerpt) Read more at dailymail.co.uk ...
Not that I needed another reason not to buy their crap, overpriced products, but thanks anyway.
Hmmm sounds like a challenge to me. It would be supremely hilarious if all of us deniers bought a few shares, and turned up at next year’s meeting holding 51% of the voting stock :)
Shoving your eco-nazi groupthink down your investors' throats isn't a good thing. I think Apple's CEO could have communicated the company's stance on these issues a whole lot better than he did.
I hope for your sake that this nitwit CEO doesn't cause a backlash in the investing community, or a tumble in the stock price. The things he said were just arrogant beyond belief.
Aye...
That's very close to my position.... I think that whatever change mankind is causing, it's a) minuscule compared to the Sun and other natural forces, and b) the amount we cause is entirely swamped in both directions given sufficient time.
On a geological timescale, global temperature goes all over the map. We (mankind) have proven that we can make ourselves damned uncomfortable locally (smog, etc.) but really folks, it's nothing compared to what Mother Nature throws at the environment on a local AND global scale.
I wish these radical enviros could buy a sense of perspective, both in degree and in time.
See, that's where you're all wrong. They asserted it, and you rejected it, so you're a creepy Denier. Get it?
They don't have to 'prove' global warming, ergo, they don't have to prove that you're a racist, bigoted, homophobe, capitalist pig for disagreeing with them.
Neat, huh?
They should just put a little 0bama logo on their packaging, like a copyright mark, so I can expedite the shopping experience. lol
The few times I sat down and played with an Apple computer, I was forced to wonder why their products were so much more expensive than the competition's. I mean, they're nice, but not THAT nice.
That's sort of how I took it.
Even if Cook didn't truly mean it that way, or (as some here have insisted), he's being quoted out of context, I think he could have stated the company's position on these things a whole lot better.
It's a CEO's job to effectively communicate to the public and the company's investors, and put them in the best light possible. He failed pretty miserably in this case, I'd say.
Me too. Good for him, never have and never will buy apple. It’s always seemed to be a cult to me. I have friends that swear by apple products since the 80’s. They were ahead until MS cloned apple OS (icons, point @ click etc.)and made it affordable to the rest of us. MS works very well and costs much less.
Make mine MS. Works for me and millions, maybe billions, around the world.
Waiting for the next big thing.
Sounds like there’s an idiot at the wheel at Apple, sort of like the US of A.
I see gold in them thar hills.
“Oh no! What will I invest my BitCoin in now?”
Kevmo has a LENR investment he can steer you too.
On the other hand, I bet this would violate some regulatory agency directive, or some law, about maximizing shareholder value.
We want to leave the world better than we found it.
Sadly, if they are investing in wasteful "renewable energy", they are simply wasting valuable resources, leaving the world worse, not better.
You admire a CEO who stands up and tells his company's investors that he doesn't give a damn about their ROI?
Don’t try and infuse facts here. People don’t want to hear it on this site. They have their agendas and facts don’t matter. Such is what FR has become.
Well said!
Look, asshole: I have asked you repeatedly not to post to me. Now you're stalking me across thread boundaries.
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