Apple shareholders vote to keep its diversity policies

reuters.com

7 pointspetethomas4 comments

[dupe] https://news.ycombinator.com/item?id=43174477

Most of the votes would have been cast by funds that hold a lot of Apple shares, right? Is this really a true representation of what shareholders (or customers for that matter) want from a corporation?

Personally I am disappointed Apple is continuing its DEI programs, because the equity part of DEI implies discrimination. Diversity is fine. But chasing equality of outcomes, which is what equity literally is, means you’re abandoning merit.

Funds hold 67.73% of Apple (AAPL) stock and they just rubber stamp managment decisions. Rise of passive index funds have made it easy for management, they are passive managers. When is Tim Cook getting fired?

Interesting. I haven’t really thought about the effect on managers. So basically passive fund managers don’t demand performance from executives like Tim Cook?

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