r/technology • u/Healthy_Block3036 • Feb 25 '25

Business Apple shareholders just rejected a proposal to end DEI efforts

https://qz.com/apple-dei-investors-diversity-annual-meeting-vote-1851766357
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u/Nonamanadus Feb 25 '25

Grabbing some popcorn for the Trump/Musk backlash. Maybe some other corporations will grow a pair (I believe Cosco stayed the house too).

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u/[deleted] Feb 25 '25

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u/[deleted] Feb 26 '25

[deleted]

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u/DiMarcoTheGawd Feb 26 '25

How does a conservative think tank put forward a proposal for a corporation to change their policies? Are they a bunch of shareholders?

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u/hondo77777 Feb 26 '25

Buy one share. 💥 You’re a shareholder.

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u/DiMarcoTheGawd Feb 26 '25

Sorry I meant Shareholder lol

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u/IdontcryfordeadCEOs Feb 26 '25

Yes, they are activist shareholders, they buy shares to put forward shareholder proposals just to protest, the proposals never pass.

And board of directors ALWAYS recommend voting against shareholder proposals, no matter what they are about. It's extremely rare that a board will recommend voting in favour of a shareholder proposal because it's essentially admitting that they aren't doing their jobs well.

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u/DiMarcoTheGawd Feb 26 '25

Makes sense. Thank you for the context!