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  • Bloomberg: Apple Jabbed Over Lack of Board Diversity


    Criticisms surrounding Apple's recent perceived lack of product innovation are taking a backseat today to resounding jabs directed toward the diversity - or lack thereof - on Apple's board of directors.

    Specifically, shareholders are said to be applying ample pressure on Apple to bulk up its board with more female directors and executives.

    These barbs come following the recent addition of language to Apple's corporate charter vowing to diversify its board. But shareholders are ready for less talk and more action.

    “There is a general problem with diversity at the highest echelon of Apple,” said Jonas Kron, director of shareholder advocacy at Trillium. “It’s all white men.”

    The issue regarding poor diversity is far from unique to Apple, however. Only 17 percent of board seats on Fortune 500 companies and 15 percent of executive officer positions were held by women in 2013, the same report confirms.

    Today, Andrea Jung, the former CEO of Avon Products Inc., is the only woman and person of color on Apple’s board of directors.

    Source: Bloomberg
    This article was originally published in forum thread: Bloomberg: Apple Jabbed Over Lack of Board Diversity started by Michael Essany View original post
    Comments 7 Comments
    1. RICO_'s Avatar
      RICO_ -
      So what are they supposed to do....replace the already established board members with more females just so they can make the critics happy? Yeah that's a smart business move.
    1. bigboyz's Avatar
      bigboyz -
      Looks like board members fear low profits due to lack of females? This makes no sense. I agree there should be diversity but I also feel you have to "earn your keep" Don't hire a woman based on filling #"s. Hire her based on experience and ability. You can't sway the #'s as they don't lie.
    1. Ladunn's Avatar
      Ladunn -
      Whatever Apples core policies are the first and foremost issue is to deliver quality technology that produces profit for the Corporation. Selection of the board or directors and review of the existing board should be based first on the ability of a member to create and produce profit and be blind to race, creed, color or religion. No offense people we live in a capitalistic democracy.
    1. Rcworship's Avatar
      Rcworship -
      Quote Originally Posted by Ladunn View Post
      No offense people we live in a capitalistic democracy.
      The fact that you may even need to say "no offense" is pure ridiculousness. What's most offensive is that these socialists want to play cute little social experiment games and leave behind the facts of revenue, profit margins and jobs created by mostly "white men" who have built one of the most profitable companies ever, and are offering the most sought after products ever! Ah, yes: corporate affirmative action. It doesn't work at the social level, it won't at the professional level.
    1. ctt1wbw's Avatar
      ctt1wbw -
      Wouldn't appointing someone to a certain position in the company based on their sex be considered sexism? If a company appointed a man just because he was a man, you'd bet your sweet *** the liberals and feminists would declare DEFCON 1. Sorry, you can't have it one way and not the other.
    1. Ladunn's Avatar
      Ladunn -
      Well stated "rcworship"
    1. H4CK3R's Avatar
      H4CK3R -
      This is seriously pathetic.