Apple's board of directors has advised shareholders to vote against a proposal to abolish Diversity, Equity, and Inclusion programs. The National Center for Public Policy, a conservative think tank, proposed that Apple abolish its DEI programs, arguing they pose legal, reputational, and financial risks based on recent Supreme Court decisions. Apple responded in a proxy filing, stating that the proposal is an inappropriate attempt to micromanage its business strategy and emphasize its commitment to being an equal opportunity employer. This development follows a broader conservative backlash against DEI programs, with companies like Meta and Amazon scaling back such initiatives amidst growing opposition.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Apple's board of directors has advised shareholders to vote against a proposal to abolish the
00:06company's diversity, equity, and inclusion programs.
00:08The National Center for Public Policy, a conservative think tank, proposed that Apple abolish its
00:13DI programs, arguing they pose legal, reputational, and financial risks based on the recent Supreme
00:18Court decisions.
00:20Apple responded in a proxy filing stating that the proposal is an inappropriate attempt
00:24to micromanage its business strategy and emphasizing its commitment to being an equal-opportunity
00:28employer.
00:29Apple's development follows a broader conservative backlash against DI programs, with companies
00:33like Meta and Amazon scaling back such initiatives amidst growing opposition.
00:38For all things money, visit Benzinga.com slash GSTV.