Apple shareholders to consider scrapping diversity programs amid backlash

Core Viewpoint - Apple shareholders are expected to reject a proposal aimed at dismantling the company's diversity, equity, and inclusion (DEI) programs, which are seen as integral to its business strategy and culture [1][3][6]. Group 1: Proposal and Opposition - The proposal, drafted by the National Center for Public Policy Research, calls for Apple to abandon its DEI initiatives, citing pressure from political figures and a trend among other companies [2][3]. - Similar proposals have been presented to other companies, such as Costco, which also faced overwhelming rejection [3][4]. - Critics argue that Apple's DEI commitments could lead to legal challenges and potential discrimination lawsuits, with estimates suggesting that around 50,000 employees could file claims [4][5]. Group 2: Apple's Response and Business Impact - Apple has defended its DEI programs, stating that they are essential to the company's culture and have contributed to its market value of $3.7 trillion, the highest of any company globally [6][7]. - The company emphasizes that ethical conduct and compliance with laws are critical to its success, countering claims that DEI initiatives pose financial risks [7][8]. - In its 2022 diversity report, Apple revealed that nearly three-fourths of its workforce consisted of white and Asian employees, and nearly two-thirds were men, highlighting ongoing challenges in achieving diversity [7][8].