In addition to the pay raise, Apple has firmly opposed a shareholder proposal that sought to eliminate the company’s diversity, equity, and inclusion (DEI) programs. This proposal, supported by a small group of investors, argued that such initiatives were unnecessary and divisive.
Apple’s board rejected the proposal, stating that diversity and inclusion are essential to the company’s values and overall success. “Diversity drives creativity, and innovation, and ensures that Apple reflects the global communities we serve,” the company emphasized.
The proposed changes and CEO compensation will be on the agenda at Apple’s upcoming shareholder meeting in March 2025. While many support the pay raise, critics continue to express concerns about the gap between executive and workforce compensation.
