An activist investor and pension fund with shares in Apple is asking the company to respond to a “growing public-health crisis” concerning smartphone addiction among young people.
Jana Partners and the California State Teachers’ Retirement System, or Calstrs, sent a letter to Apple over the weekend, asking it to develop software to let parents limit phone use. They also want Apple to carry out a study investigating the impact of smartphone overuse on mental health. The two groups control a total of around $2 billion worth of AAPL shares.
