Unlike Facebook, Apple refuses to abandon its inclusivity program
The report also tells us that the Apple executive's compensation increased by 18% in 2024 compared to 2023. Tim Cook received a base salary of $3 million with $58.1 million in stock and 13. $5 million in additional compensation. Total amount: $74.6 million.
Apple refuses to end inclusiveness
According to Bloombergthe increase is explained by the increase in the value of share allocations. The report indicates above all that four proposals will be voted on by the general assembly next February.
The most controversial from the conservative think tank National Center for Public Policy Research calls for an end to diversity, equity and inclusion (DEI) programs. According to the organization, Apple's initiatives present “legal, reputational and financial risks” for the Californian company and its shareholders.
Apple strongly opposes this proposal. The Cupertino company believes that it is vague and that it hinders the management of operations, teams and commercial strategies. The company reaffirms its ethical commitment: “How we behave is as crucial to our success as creating the best products in the world.”
Apple therefore refuses to follow the path of X but also Meta since in Joe Rogan's podcast, Mark Zuckerberg defended his decision to relax moderation for almost three hoursto the point of accepting hate speech.
Three other shareholder proposals
As explained previously, shareholders will also vote for three other proposals. The first is related to the acquisition and ethical use of data for AI. The Cupertino company opposes this, citing its commitment to the protection of privacy. Apple specifies that the proposal is very critical, drawing parallels with the controversies of other companies.
The second proposal calls for a report on software used to detect child pornography content. Apple highlights its Communication Safety technology and rejects the fact that it would be dangerous in terms of surveillance for user rights.
As for the third, shareholders request a report on charitable donations. Once again, Apple defends itself by talking about its current program with strict rules. According to the Cupertino company, the proposal would limit the management of these operations.
Apple's general meeting of shareholders will be held on February 25. There is nothing surprising that the Cupertino company rejects external proposals so much: this is its usual strategy.
