Apple Shareholders Reject Anti-DEI Proposal

Apple shareholders have decisively rejected a proposal to eliminate the company's diversity, equity, and inclusion (DEI) initiatives, despite a broader corporate trend of reducing such programs due to legal and political pressures. The proposal was introduced by the National Center for Public Policy Research, arguing that these initiatives pose financial and legal risks, especially following a 2023 Supreme Court ruling on affirmative action. Similar proposals by the same think tank were also overwhelmingly rejected at companies like Costco. Apple, firmly supporting its DEI efforts, stated these programs are crucial for innovation and business success. However, CEO Tim Cook acknowledged that potential adjustments may be necessary due to the changing legal landscape. Other companies like Delta, Cisco, and Deutsche Bank also reaffirmed their commitment to DEI, emphasizing its business value.