Yahoo Finance

Apple investors reject proposal to scrap company's DEI program

At the company's annual shareholder meeting, Apple (AAPL) investors voted to reject a proposal from a conservative think tank, National Center for Public Policy Research, that would scrap the company's diversity, equity, and inclusion (DEI) initiatives. The Trump administration has been targeting DEI practices and applying pressure on the corporate world to follow suit. Yahoo Finance senior legal reporter Alexis Keenan expands upon Apple's shareholder vote and CEO Tim Cook's stance on DEI. Earlier this week Citigroup (C) and PepsiCo (PEP) have become the latest companies to roll back their corporate diversity, equity, and inclusion (DEI) initiatives. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.