- 8 hours ago (Updated 8 hours ago)
- Apple News
- Julien russo
-
React
Every year, Apple organizes a meeting that brings together shareholders, this meeting which can last several hours allows Tim Cook and his team to listen to the opinions of shareholders and take their concerns into account. This year again, the assembly should tackle many subjects.
The Cupertino company published yesterday at the end of the evening its annual notice of the general meeting of shareholders. Through a document filed with the SEC, we learn that the meeting will take place March 4 from 9 a.m. (PT) and will be exclusively virtual instead of a physical presence at the Steve Jobs Theater. Apple made this choice because of the health crisis which has taken on a terrifying new dimension in the United States since the appearance of the Omicron variant.
The Californian giant explains to shareholders:
We are pleased to welcome shareholders to the 2022 annual meeting. Due to the COVID-19 pandemic, the annual meeting will be held in a virtual format to provide a safe experience for our shareholders and employees.
Online access to the webcast will open approximately 15 minutes prior to the start of the annual meeting. Participation in the annual meeting is subject to capacity limits set by the provider of the virtual meeting platform.
Your vote is important to us. Even if you plan to attend the annual meeting, we encourage you to vote your shares in advance to ensure that your vote will be represented at the annual meeting.
What subjects will be covered?
The annual meeting of shareholders has no programming, it is a discussion between the shareholders, Tim Cook and the rest of the management team. Obviously, the CEO of Apple can start the conversation on a particular subject, but the interest of this meeting is mainly to answer questions and potential worries that shareholders may have on the management of Apple.
Several subjects should be the subject of a long discussion. Starting with the health crisis which is causing a chip shortage and which makes Apple lose sales because of the production which regularly encounters moments of weakness. We saw it in the last quarterly result where Tim Cook announced a loss of $ 6 billion following supply constraints which were greater than expected.
Of course, a financial loss of this size is colossal and leads without surprise a great fear among shareholders. We imagine all the same that Tim Cook should not take too much for his rank, because all the competing companies are impacted and that there is not really a miracle solution apart anticipation.
The other subject that should make a lot of talk at this annual meeting of shareholders is this sordid affair of discrimination which would be rife internally at Apple.
A report posted 2 weeks ago explained that the shareholders had asked an emergency audit to try to understand why there was not racial equity in the positions at high responsibility.
Indeed, quite surprising statistics are circulating on the internet. The percentage of African-American executives is weak at Apple when compared to competing companies.
In 2014, we counted 3% African-American executives and 6% Hispanics. In 2020, these statistics did not improve, we went to 3% African-American executives and 8% of Hispanic executives.
Tim Cook will have to provide answers to these statistics which prove that Apple has a real problem in entrusting important positions to African-American or Hispanic people.
Source