Ralph Nader wrote an open letter to Apple's CEO, Tim Cook, urging him to suspend his company's plan to spend 100 billi US dollars in share buybacks. Mr. Nader wants Apple to spend this mey for other progressive causes or, at the very least, for a shareholder vote.
In a mixed argument, he also said that Apple should use the mey for dividends because they take advantage of it. shareholders more than redemptis. Redemptis, he said, benefit more from the "executive compensati parameters". The last point ccerns premiums based the rise in share prices.
Nader's open letter is printed in full page 2 of this article. It is also available its website
Ralph Nader (Copyright: Wikimedia Comms)
Apple is a target
Apple is often the target of left and right wings Activists looking to use Apple's success and wealth to advance their causes. Right-wing advocates have often targeted Apple's board member and former US vice president Al Gore for envirmental issues vague and various related to Apple. a short campaign to force Apple to disclose the costs of being more sustainable, a practice that this group deems a mortal sin.
Leftist groups have targeted Apple for envirmental and labor issues, often holding Apple to a standard. Near the meeting, and often Apple takes the lead Green Peace has often criticized Apple (and praised Apple too), and mologist Mike Daisy led a e-man campaign …