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Most of the votes would have been cast by funds that hold a lot of Apple shares, right? Is this really a true representation of what shareholders (or customers
by blackeyeblitzar 2y ago
Most of the votes would have been cast by funds that hold a lot of Apple shares, right? Is this really a true representation of what shareholders (or customers for that matter) want from a corporation?
Personally I am disappointed Apple is continuing its DEI programs, because the equity part of DEI implies discrimination. Diversity is fine. But chasing equality of outcomes, which is what equity literally is, means you’re abandoning merit.
- kappi 2y agoFunds hold 67.73% of Apple (AAPL) stock and they just rubber stamp managment decisions. Rise of passive index funds have made it easy for management, they are passive managers. When is Tim Cook getting fired?
- blackeyeblitzar 2y agoInteresting. I haven’t really thought about the effect on managers. So basically passive fund managers don’t demand performance from executives like Tim Cook?