Apple shareholders on Friday rejected two proposals made by US conservative groups focused on examining the iPhone maker’s inclusion and diversity policies and its ties to China.
At the same time, shareholders approved the company’s executive compensation packages. The approval comes after the company cut CEO Tim Cook’s pay and made him more reliant on stock performance.
During a Q&A session with shareholders, Cook said the company continues to plan for dividend hikes.
As for how Apple plans to respond to changing economic conditions, Cook noted that the company’s operating expenses fell short of his forecasts during the recent quarter.
“But above all, and I can’t stress this enough, we continue to invest in innovation, whatever the short-term economic picture is,” Cook said during the meeting.
Source: Terra
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