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A comment on Apple asks investors to block proposal to scrap diversity programmes. Parent comment

Re:Apple asks investors to block proposal to scrap diversity... by inglor_cz on Monday January 13, 2025 @07:28AM (#42682728)
That is a really interesting question.

I understand why CEOs, boards etc. engage in virtue signaling: once you are rich enough, status becomes more important than extra money, and this is a cheap way how to buy status and get invited to the right parties, where you may even be allowed to recite your own land acknowledgment from a podium.

But investors mostly don't care about status, and quite a lot of investors likely come from countries where DEI was never popular to begin with (Saudi Arabia etc.) I would expect them to push against it.

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Re:Apple asks investors to block proposal to scrap diversity... by science4sail on Monday January 13, 2025 @10:01PM (#42692988)
Perhaps the investors felt that DEI programs would produce benefits in the long run? For all the accusations of Wall Street short-termism, the stock market was very patient with Amazon during its reinvest-all-profit years and the Saudis were very patient with Masayoshi Son's Vision Fund adventures.
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