This year, over 20 shareholder resolutions were proposed to end DEI programs at major companies. Advocates of DEI assert these initiatives combat systemic biases in hiring and promotion processes. In contrast, critics claim they are discriminatory toward white workers. However, a significant voting majority of shares totaling over $9.8 trillion supported the maintenance of DEI policies during annual meetings. Notably, CEO Tim Cook emphasized that diverse perspectives drive innovation, as seen when anti-DEI proposals were overwhelmingly defeated at companies like Apple.
Apple CEO Tim Cook, known for measured statements, reminded shareholders that innovation thrives on diverse perspectives: "Our strength has always come from hiring the very best people and then providing a culture of collaboration, one where people with diverse backgrounds and perspectives come together to innovate and create something magical."
The underlying intent of anti-DEI resolutions was to exploit racist and misogynistic tropes with little regard for the business.
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