Keith FitzGerald, chief investment officer at FitzGerald Group, analyzes Apple and explains why Barney & Co.'s Palantir stock is worth $100 a share.
Apple's board of directors asked shareholders to reject a proposal to end its diversity, equity, and inclusion (DEI) program, calling the measure “unnecessary.”
iPhone maker defends its DEI program following Supreme Court ruling on affirmative action in 2023, with several major companies scaling back so-called “Wake” efforts amid public pressure from activists This was while I was doing it.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| AAPL | Apple Inc. | 236.85 | -5.85 |
-2.41% |
According to a proxy filing released ahead of Apple's 2025 annual meeting, the National Center for Public Policy Research, a free market think tank and activist shareholder, said such programs put the company at greater risk of being sued. , has been shown to have suggested that Apple stop its DEI efforts. discrimination.
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However, Apple advised shareholders to vote against the proposal, stating, “Apple already has an established compliance program, and this proposal would disrupt Apple's normal business operations, people, teams, and business strategy.'' “There's no need to do that because it's trying to inappropriately limit our ability to manage.” ”
Panelists Jennifer Say and Daniel Cameron discuss how major companies are rolling back DEI and environmental, social, and governance programs on “The Bottom Line.”
DEI often prioritizes race, gender, and sexuality in hiring, training, and programs, an effort criticized by conservatives as divisive and discriminatory. DEI advocates say these efforts address racial disparities and provide support to historically marginalized groups.
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DEI policies have come under intense scrutiny over the past year or so, with at least 10 major U.S. companies and hundreds of universities reversing these efforts, including Walmart, Meta, and Ford.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| WMT | Walmart Co., Ltd. | 93.00 | +1.20 |
+1.31% |
| meta | Meta Platforms Co., Ltd. | 615.86 | +5.14 |
+0.84% |
| F | ford motor corporation | 9.65 | -0.09 |
-0.92% |
But Apple isn't the only company that firmly supports DEI efforts. The majority of major American companies still have such programs in place, and Costco recently defended its DEI policy while urging its own shareholders to reject proposals to end it.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| Fee | Costco Wholesale Co., Ltd. | 936.94 | +9.57 |
+1.03% |
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FOX Business' Kristine Parks contributed to this report.
