Apple will host the 2024 Annual Meeting of Shareholders on February 28, 2024 at 9:00 am P.T. in a virtual format. Apple’s proxy contains eight proposals. Three are from management, asking investors to elect Apple’s directors, to ratify its accounting firm appointment, and to approve executive compensation.
Leslie P. Norton for Morningstar:
You might expect some pushback on Apple’s high compensation. Morningstar Sustainalytics rates Apple as an “outperformer” on corporate governance, yet notes: “The long service of all members of the remuneration committee together with Apple CEO Timothy Cook’s long tenure may raise concerns over the committee’s ability to independently fulfill its role in the oversight of executive compensation.”
The remaining five proposals are from shareholders.
• A proposal by the AFL-CIO Equity Index Funds asks Apple to prepare a transparency report on its use of AI in its business operations and disclose any ethical guidelines Apple has adopted regarding the use of AI.
Apple advises investors to vote against the proposal, claiming the report is extremely broad and could hurt its competitive position by forcing it to disclose strategic plans.
• Racial and pay equity. A proposal by Anmol Mehra and Arjuna Capital asks Apple to report on median pay gaps across race and gender, “including associated policy, reputational, competitive, and operational risks.”
Apple recommends that shareholders vote against the proposal, asserting that “we already have a comprehensive approach to promoting pay equity and diverse representation at every level of the company” and that it has achieved different kinds of pay equity.
MacDailyNews Note: Read more about shareholders’ proposals, including three termed “Anti-ESG,” in the full article here.
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I hope they spend the entire time talking about increasing DEI inititives and creating more emojis with dildos and toilet plungers.
Will Apple ever hold a real shareholder meeting again, in person? Or is now a purely lame pathetic virtual company that can’t meet its shareholder and can’t do an in person Apple Event live like Steve Jobs did as the company was rising and generating massive excitement and great products and attracting more and more investors?
I don’t think Apple cares much anymore.
I went in 2019 and 2020, the only two held at the Steve Jobs Theatre on the new campus. It wasn’t spectacular (cheap catering and not much said) but it was nice to rub elbows with other shareholders and execs and ask a question at one of them.
They should have started them in person again last year, it’s ridiculous and insulting to shareholders that they’re staying virtual.
Same goes for their events, I’m tired of the pre-recorded, stiff, fake BS. If someone can’t handle some live public speaking (with teleprompters, in-ear-mics and whatever digital handholding they’d need) they probably shouldn’t be representing Apple in public as a top exec.
Cook is a bad CEO. Returns are garbage and he takes pride in not having laid off employees while the rest of the industry has purged 10-80% of its mostly Marxist-basket weaving bozo employees that are productivity killers. Apple needs Steve Jobs to mass purge all its bozos like he did in the 80s and 90s which lead to huge springs of innovation at Apple.
https://www.cultofmac.com/530247/today-in-apple-history-apple-layoffs-clear-the-bozo-explosion/
Cook has underperformed Apple and the market by not purging its cancerous levels of bozos.