Menu

Search

  |   Business

Menu

  |   Business

Search

Apple Shareholders Back DEI Policies Despite Conservative Pushback

Apple Shareholders Back DEI Policies Despite Conservative Pushback. Source: By RuinDig/Yuki Uchida - Own work, CC BY 4.0, via Wikimedia Commons

Apple shareholders reaffirmed support for the company’s diversity, equity, and inclusion (DEI) policies, rejecting a proposal to dismantle the program at its annual meeting. The proposal, submitted by the conservative National Center for Public Policy Research, was overwhelmingly defeated, with 8.84 billion votes against and 210.45 million in favor.

This decision highlights continued investor backing for DEI initiatives, despite a rising conservative push to eliminate such programs across major U.S. corporations like Meta and Alphabet. President Donald Trump has criticized DEI efforts, suggesting potential legal scrutiny under his administration.

Apple maintains that its DEI efforts do not involve hiring quotas but instead focus on fostering diverse talent and investing in initiatives such as racial justice programs and coding education for underrepresented communities. CEO Tim Cook emphasized Apple’s commitment to hiring the best talent and fostering collaboration while acknowledging that legal changes may require adjustments.

Apple shareholders also rejected a proposal to assess AI-related risks, though it received the most support among shareholder initiatives, with 1.04 billion votes in favor and 7.96 billion against. Additionally, all management-backed proposals, including executive compensation, were approved.

In a separate development, Apple announced plans to invest $500 billion in the U.S. over the next four years, earning praise from Trump. Cook also confirmed Apple’s role as the largest customer of Taiwan Semiconductor Manufacturing Co.’s Arizona factory, a project facilitated during Trump’s first term.

Apple’s shareholder vote underscores investor confidence in its DEI strategies and long-term vision, reinforcing its commitment to workplace diversity and ethical business practices amid shifting political and legal landscapes.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.