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  • Investors Pressuring Apple on Executive Racial Diversity


    The debate as to whether enough "people of color" are on the executive team at Apple has provoked many debates and inspired ample criticism over the years. But now, as 2015 winds to a close, it appears that this discussion will intensify in the year ahead.

    According to a new report from Bloomberg, Apple shareholders may compel Apple to shake up its senior leadership with a greater mindfulness toward diversity. To some, it's a controversial idea. To others, it's an essential move long overdue on the part of the world's most profitable tech company.

    "Apple Inc. shareholders could make history next year by deciding whether the company should be forced to increase the number of non-white executives and directors, with a vote on a proposal the iPhone maker has tried to squelch," the report reads, citing a resolution pitched by an investor who wants to see Apple dramatically increase its commitment to diversity.

    Although Apple has reportedly frowned on such mandates in the past because they seek to "micromanage recruitment," there's talk that Apple may ultimately include the proposal for consideration at the yet-to-be scheduled 2016 annual shareholder meeting.

    Source: Bloomberg
    This article was originally published in forum thread: Investors Pressuring Apple on Executive Racial Diversity started by Michael Essany View original post
    Comments 4 Comments
    1. nesamone's Avatar
      nesamone -
      Hiring by skin colour, how stupid is that? I thought people are hired by their skills and talent, no?
    1. NewD's Avatar
      NewD -
      That's the way it should be (hire for skill) unless unfair hiring practices have been the norm. If you have two people of equal skill level, one "of color" and one "white" then it's appropriate to make sure your staff begins to more accurately reflect the diversity of your community. The only reason Affirmative Action was ever needed was because of discriminatory hiring practices of the past.

      But definitely the skills have to be there first before the company uses Affirmative Action.

      And I love how writers use the term "most profitable TECH company in the world" when referring to Apple. Apple is the most profitable COMPANY OF ANY KIND in THE WORLD. Not even pharmaceutical or oil companies top Apple's 700 billion. Their net worth is even more than the gross domestic products of several countries!
    1. unison999's Avatar
      unison999 -
      Quote Originally Posted by NewD View Post
      And I love how writers use the term "most profitable TECH company in the world" when referring to Apple. Apple is the most profitable COMPANY OF ANY KIND in THE WORLD. Not even pharmaceutical or oil companies top Apple's 700 billion. Their net worth is even more than the gross domestic products of several countries!
      You do not think Saudi Arabia royal family owns companies? They have so much it is hard to keep track, and their family is the "parent company" for all the investments. How about UAE royal family?
      Yes, I believe Apple is the most profitable tech company in the world, but "of any kind"... I think you are giving Apple too much credit.
    1. NewD's Avatar
      NewD -
      Quote Originally Posted by unison999 View Post
      You do not think Saudi Arabia royal family owns companies? They have so much it is hard to keep track, and their family is the "parent company" for all the investments. How about UAE royal family?
      Yes, I believe Apple is the most profitable tech company in the world, but "of any kind"... I think you are giving Apple too much credit.
      Just do a little googling. Pretty easy to verify what I said. Now I wasn't comparing Apple to all the land holdings of a Saudi King. I was referring to all American "companies".. Though I'll bet Apple's 700billion "IN CASH" (they have zero debt) - might top the holdings of any international company too. But I can't say that with certainty.