Apple CEO Tim Cook Loses Cool, Blasts at Anti-Climate Change Shareholders to Withdraw Their Stock from the Company
By Esther Tanquintic-Misa | March 3, 2014 4:33 PM EST
While Apple CEO Tim Cook may just be silently taking blows against the company and its profits, he apparently won't take it just seating down when critics pick on Apple's contributions to help save the environment and ease climate change and global warming.
Apple CEO Tim Cook
During the company's Feb 28 annual shareholders meeting, Mr Cook advised shareholders who are non-believers of climate change and global warming to sell their Apple shares and "get out of the stock."
The U.S. National Center for Public Policy Research (NCPPR) provoked Mr Cook's ire during that fateful meeting. Described as a conservative economic free-market activist think tank which also happened to be an Apple shareholder, the NCPPR submitted a proposal urging Apple to quit pursuing further environmental-related initiatives and decisions that don't contribute to increased profits.
"We object to increased government control over company products and operations, and likewise mandatory environmental standards," Justin Danhof, NCPPR general counsel, wrote in a statement before the meeting. "This is something [Apple] should be actively fighting, not preparing surrender."
Ultimately voted down by shareholders, receiving just 2.95 per cent of the vote, the highlight of the meeting came in Mr Cook's controlled yet emotionally-charged words.
Apart from that environmental efforts make economic sense, Apple does "a lot of things for reasons besides profit motive. We want to leave the world better than we found it," Mr Cook said.
"When we work on making our devices accessible by the blind," Mr Cook said, "I don't consider the bloody [return on investment]."
And if after hearing such explanations shareholders still don't feel happy with the company's environment-related investments, then "get out of the stock."
"Here's the bottom line: Apple is as obsessed with the theory of so-called climate change," Mr. Danhof said. "The company's CEO fervently wants investors who care more about return on investments than reducing CO2 emissions to no longer invest in Apple. Maybe they should take him up on that advice."
"Although our proposal did not receive the required votes to pass, millions of Apple shareholders now know that the company is involved with organizations that don't appear to have the best interest of Apple's investors in mind," Mr Danhof continued. "Too often investors look at short-term returns and are unaware of corporate policy decisions that may affect long-term financial prospects. After today's meeting, investors can be certain that Apple is wasting untold amounts of shareholder money to combat so-called climate change. The only remaining question is: how much?"
To report problems or to leave feedback about this article, e-mail:
To contact the editor, e-mail:
Most Popular Slideshows
- Kristen Stewart Moving On With Nicholas Hoult, Jennifer Lawrence Dating Chris Martin – Reports [PHOTOS]
- Kate Middleton Suffocated in Kensington Palace, Queen Elizabeth Reported War With The Duchess [PHOTOS]
- 2014 MTV Video Music Awards: Everything To Know [PHOTOS]
- Chris Martin Dating Reports: Jennifer Lawrence Vs Gwyneth Paltrow [PHOTOS]
Join the Conversation
- Russia Demands Ukraine Release Communications With Doomed Malaysia Airlines MH17, Preliminary Report On Investigations Out This Month
- Ebola Update: Liberian Forces Receive Shoot Orders Against People Trying to Cross from Sierra Leone Border
- Historic First Time: Catholic Pontiff Pope Francis Supports Military Intervention Against ISIS In Iraq
- Chinese Airlines Receives Lawsuit for Rejecting HIV-Positive Passengers
- Travel Alert: Canada Issues Warning Against Chikungunya Disease in Caribbean
- Robin Williams Goodbye Video Hoax: Facebook Users Warned of Celebrity Suicide Exploitation
- ISIS Posts Graphic Beheading Video of US Journalist James Foley
- Nexus 6 Release Date Dilemma with Motorola Shamu Details Pointing to Better Smartphone and Killer Features
- After James Foley, ISIL Threatens to Behead Another American Journalist Steven Sotloff
- Saudi Arabia: Brothers Beheaded For Smuggling Marijuana Into The Kingdom
- Moto X Android 4.4.4 KitKat Update Guide: AT&T/Sprint Release and When to Hit Your Region
- Motorola Moto X+1 On Release Date To Come With Snapdragon 800 Processor, 2 GB RAM, 4K Recording And 5.2-Inch Display