FitzGerald Group Chief Investment Officer Keith Fitzgerald analyzes Apple and explains why Palantir stock is on track for $100 a share in Varney & Co.
Apple's board asked shareholders to reject a proposal that would have forced the company to wind up Diversity, Equity and Inclusion (DEI) The plans argue that the move would be “unnecessary.”
this iPhone maker The defense of its DEI programs comes as several major companies are scrapping so-called “wake up” initiatives following a 2023 Supreme Court ruling against affirmative action and amid public pressure from activists.
| tick tick | security | the last | change | change % |
|---|---|---|---|---|
| AAPL | Apple Inc | 236.85 | -5.85 |
-2.41% |
A proxy filing released ahead of Apple's 2025 annual meeting showed that the National Center for Public Policy Research, a free-market think tank and activist shareholder, had suggested that Apple drop its DEI efforts, saying that such programs would put them at greater risk. Being sued for discrimination
Is DEI dying? Here is a list of companies that have returned “WOKE” policies
But Apple advised shareholders to vote against the proposal, saying it was “unnecessary because Apple already has a well-established compliance program and the proposal inappropriately attempts to limit Apple's ability to manage normal business operations.” , limit people and teams and their business strategies. “
Panelists Jennifer C. and Daniel Cameron discuss how corporations are pulling back on DEI and environmental, social and governance programs on the “bottom line.”
DEI often include prioritizing race, gender, or sexuality in hiring, training, and programming, and these initiatives have been criticized by conservatives as divisive and discriminatory. DEI advocates say these efforts address racial divides and support historically marginalized groups.
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DEI's policies have come under increasing scrutiny over the past year, prompting at least a dozen major U.S. companies and hundreds of universities to back out of those commitments, including Walmart, Meta and Ford.
| tick tick | security | the last | change | change % |
|---|---|---|---|---|
| WMT | WALMART Inc. | 91.64 | -1.35 |
-1.46% |
| Meta | META PLATFORMS INC. | 615.86 | +5.14 |
+0.84% |
| F | Ford Motor Company | 9.65 | -0.09 |
-0.92% |
But Apple isn't alone in standing firmly behind its DEI efforts. Most major American companies still operate such programs, and Costco recently Defended its DEI policies while asking its shareholders to reject a proposal that would terminate them.
| tick tick | security | the last | change | change % |
|---|---|---|---|---|
| cost | COSTCO WHOLESALE CORP. | 936.94 | +9.57 |
+1.03% |
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FOX Business' Christian Parks contributed to this report.