Apple shareholders vote to keep its diversity policies

Reuters ^ | February 25, 2025 | Stephen Nellis

[ProgressingAmerica]

Feb 25 (Reuters) - Apple shareholders voted to keep the tech giant's diversity, equity and inclusion policies on Tuesday, a win for management which had opposed efforts by a conservative group to scrap the program.

The vote at the iPhone maker's annual meeting was seen as a test of shareholder views about the value of DEI programs, which many companies added or beefed up starting in 2020 amid the Black Lives Matter movement.

[ProgressingAmerica]

Time to buy a new iPhone and reward Apple for its wokeness.

[Uncle Miltie]

Civil Rights Division: Prosecute for racism under the Civil Rights Act of 1964.

[rktman]

Govt contracts?

[A Navy Vet]

Figures.

[cgbg]

Oh yeah—let the litigation begin and break Apple.

[Jim W N]

Individuals and private business can do what they want with diversity and Didn't Earn It.

Just keep the feds out of it. None of their constitutional business.

[Leaning Right]

> Apple shareholders voted to keep the tech giant’s diversity, equity and inclusion policies… <

Democracy in action!

Not really. The average Joe has 100 shares. That’s 100 votes. The big mutual fund companies vote their millions of shares. That’s millions of votes.

Joe probably shouldn’t have even bothered.

[PAR35]

Per AI:

The largest shareholders of Apple are The Vanguard Group, BlackRock, and Berkshire Hathaway.

[Magnum44]

Exactly. Shareholders do not equal one-man-one-vote.

[packrat35]

Great now any shareholder can launch a class action lawsuit claiming this cost them money and most likely win a billion dollar class action lawsuit!

[packrat35]

Not true. Any shareholder can now sue and make it a class action lawsuit that this policy cost them money if the shares go down.

[subterfuge]

I’m a shareholder and I wasn’t asked to vote. WTH?

[cgbg]

States can sue Apple for blatant anti-white hate.

[Leaning Right]

> Shareholders do not equal one-man-one-vote. <

And as you’ll probably agree, that’s the way it should be. My point is that these votes are dominated by the big mutual funds. If banning DEI fails, it’s because the big mutual fund companies want it that way.

I guess the board rooms of those big guys are still dominated by cowards and weaklings. That will take a bit of time to change.

[Magnum44]

Well, there are some laws about fiduciary responsibilities and how the interest of the shareholder is supposed to govern. I hope that the MAGA DOJ uses whatever tools are at their disposal to put an end to DEI everywhere.

[hanamizu]

Not really. The average Joe has 100 shares. That’s 100 votes. The big mutual fund companies vote their millions of shares.

---

And if the average Joe even bothers to vote at all, he’s likely to check the ‘approve the board’s recommendations’ box’ and not even see the DEI proposal. And I imagine the big mutual fund companies vote the same way, since they and the Apple board are all on the same page.

[econjack]

I’m a shareholder, too, and it wasn’t on any ballot I received.

[gibsonguy]

largest shareholders of Apple are The Vanguard Group, BlackRock, and Berkshire Hathaway.”

All you need to know.

[FatherofFive]

Time to buy a new iPhone and reward Apple for its wokeness.

Just got the new 16pro. But I get it free.

Wish Elon would make a phone

[subterfuge]

I get an email once a year to vote on board members and stuff like this. I’m going to do a search on that.