Fitz-Gerald Group Chief Investment Officer Keith Fitz-Gerald analyzes Apple and explains why Palantir stock is on track to hit $100 a share on Varney & Company.
Apple’s board of directors urges shareholders to reject a proposal that would require the company to be liquidated Diversity, Equity and Inclusion (DEI) The programs argue the move would be “unnecessary”.
iPhone manufacturer’s The defense of its DEI programs comes as many major corporations are scaling back so-called “woke” initiatives following a 2023 Supreme Court ruling against affirmative action and amid public pressure from activists.
anchor | Security | Last | Change | Change % |
---|---|---|---|---|
AAPL | Apple Inc. | 234.40 | -2.45 |
-1.03% |
A proxy filing released ahead of Apple’s 2025 annual meeting shows that the National Center for Public Policy Research, a free-market think tank and activist shareholder, proposed Apple abandon its DEI efforts, saying That such programs put the company at greater risk. being sued For discrimination.
Is Dei dying? Here’s a list of companies that have rolled back ‘woke’ policies
But Apple recommended shareholders vote against the proposal, saying it was “unnecessary because Apple already has a well-established compliance program and the proposal unfairly interferes with Apple’s normal business operations, people And attempts to restrict the ability to manage teams and business strategies.”
Panelists Jennifer Say and Daniel Cameron discuss how major companies are stepping back from DEI and environmental, social and governance programs on ‘The Bottom Line’.
DEI often involves prioritizing race, gender, or sexuality in hiring, training, and programming, and the initiative has been criticized by conservatives as divisive and discriminatory. Proponents of DEI say that these efforts address racial divisions and provide assistance to groups that have historically been marginalized.
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DEI policies have faced increased scrutiny over the past year, leading at least a dozen major US companies, including Walmart, Meta, and Ford, and hundreds of universities to withdraw these commitments.
anchor | Security | Last | Change | Change % |
---|---|---|---|---|
WMT | Walmart Inc. | 91.53 | -1.47 |
-1.58% |
meta | Meta Platform Inc. | 608.33 | -7.53 |
-1.22% |
F | Ford Motor Company | 9.71 | +0.06 |
+0.62% |
But Apple isn’t alone in standing firmly behind its DEI efforts. Most large companies in America still have such programs, and Costco recently also has one. defended its DEI policies Urging their own shareholders to reject the proposal that would liquidate them.
anchor | Security | Last | Change | Change % |
---|---|---|---|---|
Cost | Costco Wholesale Corporation | 924.70 | -12.24 |
-1.31% |
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Fox Business’s Christine Parks contributed to this report.