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You know who hasn’t abolished DEI efforts yet and asked shareholders to vote against abandoning them? Apple. And historically Apple tends to beat the market. So imma go ahead and make a the wild statement that these companies will eat a bag of dicks in 10 years and end up adopting DEI under another name while Apple stays the course.
I do think that badly implemented DEI is worse than no DEI and many orgs implemented it badly so this could be a net positive in the end.
Yes, but Apple has also built their empire on horrible practices in China and by exploiting tax loopholes to the point where they regularly pay zero taxes. I'm not trying to be a purist here—I have an iPhone and an Apple Watch—but I don't think their retainment of DEI programs should be construed as a moral choice; Apple products are largely purchased by liberals, so they have a public image to mind if they're going to avoid reducing sales by pissing off their main customer market.
I would argue that Apple has actually done more to increase the quality of working conditions in China than any other company. Is it still a horrible environment, yes, but without Apple I’m not sure that it would have been better.
I don’t find a problem with exploiting tax loopholes because 9/10 times the loopholes are there by design, this is something to take up with the IRS and the government, because corporations HAVE to take advantage of said loopholes to stay competitive.
But to address directly your comment, I didn’t say that them retaining DEI was a moral choice. I believe it was a business decision, which is why I framed it as them historically beating the market while these firms don’t. Apple has clearly seen the value of DEI in their revenue and operations, otherwise they would be cutting the program real quick.