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Tim Cook clashes with conservative group over Apple's sustainability programs
Posted on 2/28/14 at 8:13 pm
Posted on 2/28/14 at 8:13 pm
quote:
During Apple's annual shareholder's meeting today, CEO Tim Cook angrily rebuffed a representative from the National Center for Public Policy Research or NCPPR -- a conservative think tank -- that asked the company to disclose the costs of its sustainability programs, such as solar energy facilities, and to embrace a corporate policy that focused on profits above all else.
The representative asked Cook about the impact of the company's renewable energy programs on its bottom line, and also asked Cook to commit to only undertaking projects that were explicitly profitable.
The CEO did not take this well, according to a report from MacObserver, which said that Cook's body language changed significantly and his gentle and controlled speaking style gave way to a rapid-fire response.
"What ensued was the only time I can recall seeing Tim Cook angry, and he categorically rejected the worldview behind the NCPPR's advocacy. He said that there are many things Apple does because they are right and just, and that a return on investment (ROI) was not the primary consideration on such issues.
"When we work on making our devices accessible by the blind," he said, "I don't consider the bloody ROI." He said that the same thing about environmental issues, worker safety, and other areas where Apple is a leader."
Finally, Cook looked at the questioner and said "if you want me to do things only for ROI reasons, you should get out of this stock."
Following the meeting, the NCPPR released an incendiary press release that is heavily critical of Cook, flaming that shareholder value is destroyed in favor of efforts to combat climate change.
LINK
Posted on 2/28/14 at 8:24 pm to hikingfan
Apple has billions to burn. If they want to throw some of it to some green initiatives with their facilities, fine.
It's one thing for the government to force such things on private entities and it would also be questionable for a struggling company to compromise themselves financially to voluntarily take such actions.
It's Apple.
It's one thing for the government to force such things on private entities and it would also be questionable for a struggling company to compromise themselves financially to voluntarily take such actions.
It's Apple.
Posted on 2/28/14 at 8:53 pm to hikingfan
Great, another bunch of nuts makes it into the news.
Posted on 2/28/14 at 9:25 pm to Tigah in the ATL
So Tim Cook is totally cool with basically enslaving Chinese Foxconn workers but doesn't care about profit because he wants blind people to use a computer?
Posted on 2/28/14 at 9:27 pm to hikingfan
Well, tbh, making an iPhone or other apple product, specifically for the blind, would probably make a lot of money. That's not what this shareholder asked him, he asked him, why does he continue to throw money away on green projects, that every citizen with rational thought, knows is a waste. If he's a shareholder he has every right to ask the a-hole anything he wants. Cook is getting his money, even if he drives apple to all time lows, he will still get a great benefit package as they are showing him the door.
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