Apple pushes back against shareholder diversity demands

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Apple is pledging to do more on the diversity front.
Apple needs to step up its diversity game, a small group of shareholders claim.
Photo: Apple

A small group of Apple investors think the company isn’t doing enough to improve its racial and gender diversity quotas, and suggest that Apple needs to step up its pace.

For the second time, investor Tony Maldonado has filed a shareholder proposal asking Apple to, “adopt an accelerated recruitment policy … to increase the diversity of senior management and its board of directors.”

It seems Apple disagrees, though.

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Apple execs pay dearly for 2016’s failures

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Tim Cook holds Apple's billionth iPhone.
Tim Cook holds Apple's billionth iPhone.
Photo: Apple

Apple CEO Tim Cook received less pay in 2016 as a result of the company missing revenue and profit goals.

In a new filing with the SEC, Apple revealed that other top executives also got less compensation for 2016 as well. Cook only took home $8.7 million last year after being paid $10.2 million in in 2015.

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Investors think Apple isn’t greening quickly enough

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Apple Campus 2 will be one of the 'greenest' buildings in Silicon Valley.
Apple Campus 2 will be one of the "greenest" buildings in Silicon Valley.
Photo: Apple

Apple is known as one of the most environmentally conscious companies in the world, but some shareholders think the company needs to to a lot more if it hopes to meet the aggressive goals set by the Paris Agreement last year.

Boston-based investment firm Jantz Management has filed a resolution for Apple shareholders that would request that the Board of Directors reveal on plan to shareholders by June 2016 on how Apple plans to reach net-zero greenhouse gas emission status for its facilities and major suppliers by 2030.

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Apple could be forced to add more ‘executives of color’

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Apple is pledging to do more on the diversity front.
Apple is stepping up its pro-diversity game.
Photo: Apple

Apple could be forced to add more non-white executives and directors, due to a proposal put forward by an investor who thinks the current makeup of Apple execs is “a little bit too vanilla.”

The possible pro-diversity push was reportedly prompted after the son of investor Antonio Avian Maldonado II, who owns just 645 Apple shares, asked why nearly everyone on Apple’s board of directors was white.

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ISS Recommends Voting ‘No’ On Icahn’s $50bn Buyback Proposal

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Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that shareholders vote against Carl Icahn’s share buyback proposal for Apple.

According to the ISS report, “[The Apple board] has returned the bulk of its U.S.-generated cash to shareholders via aggressive stock buybacks and dividends payouts. In light of these good-faith efforts and its past stewardship, the board’s latitude should not be constricted by a shareholder resolution that would micromanage the company’s capital allocation process.”

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Apple Profit Probably Fell For The First Time In A Decade

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Tim Cook, Phil Schiller and others sold Apple stock at a time when it was hitting record highs.
Tim Cook, Phil Schiller and others sold Apple stock at a time when it was hitting record highs.

Apple’s quarterly profit probably fell for the first time in over a decade, thanks to new products with lower profit margins and a slowing demand for the iPhone, Bloomberg reports. Fourteen analysts have reduced their estimates for Apple in recent weeks, and on Friday, the Cupertino company’s share price fell below $400 for the first time since December 2011.

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Apple To Respond To Greenlight Capital Suit This Coming Wednesday [Report]

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Screen Shot 2013-02-07 at 4.14.59 PM

Greenlight Capital is suing Apple in an effort to get Apple to send back more of its $137 billion cash reserves in the form of shareholder dividends. Apple took this fairly seriously, and issued a press release explaining where they were at on the issue, including the fact that the Cupertino-based company has already given shareholders $10 billion of a planned $45 billion in cash.

Today, however, a judge in the US Court for the Southern District of New York approved a request by both parties in the suit to move the timetable for a response, with Apple planning to file by the end of the day this coming Wednesday, according to a report in the Wall Street Journal.

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Microsoft Shareholder Note Points To A New, More Apple-Like Position On Hardware

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Why is this girl so happy? That isn't a Mac.
Why is this girl so happy? That isn't a Mac.

In a letter to shareholders posted today on the Microsoft Investor website, Steve Ballmer, current CEO of Microsoft, said something surprising.

His comments in the annual letter suggest that Microsoft may take a page out of the Apple playbook and start building its own phones based on the upcoming Surface tablet PCs, similarly to the other hardware made by the Redmond-based tech giant, the XBox 360.

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