Tim Cook at the Apple Tower Theatre grand opening - Image: Ken Ray
Apple didn’t get everything it wanted from last Friday’s shareholders meeting, though Tim Cook’s getting paid, yo. Apple Insider says despite the protests from an advisory group and an oil fund that owns one-percent of the planet (and that is only a slight exaggeration), shareholders voted “in favor of Apple CEO Tim Cook's $99 million compensation package,” per the advice of Apple’s board of directors.
As mentioned before, the board got almost everything it wanted, with one glaring exception. According to the report:
Apple shareholders have approved a proposal urging the company to carry out a third-party civil rights audit contrary to what the board wanted…
The piece says the proposal:
…claims that a civil rights audit could flag concerns raised by Apple employees, and help the iPhone maker “identify, remedy, and avoid adverse impacts on its stakeholders.”
Apple’s board had argued against the proposal, saying:
We believe our current framework for the implementation and oversight of our human rights commitments is more effective than the broad and unfocused audit requested by the proposal…
Apple Insider says:
The approval of the proposal marks the first time in Apple's recent history that shareholders have voted for a shareholder-issued proposal. Other shareholder proposals, including ones aimed at increasing supply chain transparency and addressing gender and racial pay gaps, failed during the meeting.