A little over a month before Apple’s annual shareholder meeting, two major investment groups say that they’re disappointed with the fact that the company has zero females and minorities at the top levels of the company... “It’s all white men”
The research has yielded lists of ‘red’ and ‘blue’ companies, which gave 95 per cent of their donations to Republicans and Democrats respectively over the past 10 years. The bluest include Google, Apple Computer, Starbucks and Costco
Liberal, Character, Narrative, Oops, Greed, Jobs
Apple has discovered multiple cases of child labour in its supply chain, including one Chinese company that employed 74 children under the age of 16, in the latest controversy over the technology giant's manufacturing methods.
Tax, Government, Greed
Apple Inc. paid an income tax rate of only 1.9 percent on its earnings outside the U.S. in its latest fiscal year, a regulatory filing by the company shows. The world's most valuable company paid $713 million in tax on foreign earnings of $36.8 billion in the fiscal year ended Sept. 29, according to the financial statement filed on Oct. 31. The foreign earnings were up 53 percent from fiscal 2011, when Apple earned $24 billion outside the U.S. and paid income tax of 2.5 percent on it. The tech giant's foreign tax rate compares with the general U.S. corporate tax rate of 35 percent.
Liberal, Government, Funny, Narrative, Education
“I've gone to AppleCare, I've gone to the supervisor of this store and they all blew me off," said Pahls. She is one frustrated customer. She and others took their complaints against Apple, to its only store in Albuquerque. "It bothers me when big corporations take advantage of working people," said Charles Powell of Albuquerque. Pahls is an Albuquerque teacher and an outspoken activist.
Liberal, Narrative, Oops
The riot ended after two hours, after dorm administrators reported the case to local police and hundreds of officers arrived at the scene to suppress the violence. Dozens were arrested. Foxconn, the world's largest electronic contract manufacturer, employs up to 120,000 people at its plant in Chengdu, located in southwestern China. The factory mainly produces liquid crystal displays for electronic products such as Apple's iPhone. Foxconn has repeatedly come under fire for harsh working conditions.
Apple has joined an elite group of companies to reach a $500bn equity valuation amid expectations it is to launch a new version of the iPad next week. Apple is the world’s most valuable company – valued at about $90bn more than ExxonMobil.
Liberal, Narrative, Oops
Apple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above his next rival, a Wall Street Journal survey showed Monday. Cook, who took the helm of the iPhone and iPad maker in August last year, two months before the death of founder Steve Jobs, clocked in total compensation of $378 million.
Liberal, Narrative, Greed
Setting up an office in Reno is just one of many legal methods Apple uses to reduce its worldwide tax bill by billions of dollars each year. As it has in Nevada, Apple has created subsidiaries in low-tax places like Ireland, the Netherlands, Luxembourg and the British Virgin Islands — some little more than a letterbox or an anonymous office — that help cut the taxes it pays around the world.
Liberal, Narrative, Oops
In December, 1,500 students were sent by just one vocational college in Henan, China's most populous province, for internships at Foxconn's Zhengzhou plant, which Apple chief executive, Tim Cook, visited last week. The Yancheng Evening News, which exposed the practice, interviewed students who said they were going against their will and that their schools were acting as "labour agencies".
Liberal, Narrative, Oops
Workplace abuses were uncovered in an audit that equated to "a full body scan" of three Chinese factories pumping out coveted Apple gadgets, independent investigators reported on Thursday. Employees at each of the factories had exceeded a work-week limit of 76 hours set by Chinese law and, in some cases, worked more than seven days straight without a required 24-hour break, according to the Fair Labor Association.
Russian researchers have discovered a botnet of more than 600,000 Macs. Yes, Macs -- you know, those things that don't get malware. Apple (NASDAQ:AAPL) is coming under heavy criticism for its slow response to known vulnerabilities and for perpetuating the myth that OS X is malware-free.
Liberal, Union, Narrative
President of the International Brotherhood of Teamsters James P. Hoffa criticized the patriotism of American corporations who are sitting on assets and holding back from employing more American workers.
Investigation finds evidence of draconian rules and excessive overtime to meet western demand for iPhones and iPads.
Liberal, Narrative
Apple has come bottom of the most comprehensive green league table of technology companies because of its heavy reliance on "dirty data" centres.
Liberal, Narrative
US$54 billion of Apple's overall $82 billion in cash is in offshore accounts, and Apple cannot repatriate that money to the States unless it wants to pay a huge 35 percent corporate tax on it.