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National Legal and Policy Center, or NLPC, a corporate ethics watchdog, is pushing for the removal of Apple Inc. (NASDAQ:AAPL) CEO Tim Cook and former Vice President Al Gore from the board of directors.
Cook Doesn’t Live Up To Hype: NLPC urged shareholders to vote against Cook’s nomination to serve on the board for the 12th term, exempt solicitation filed with the SEC on Wednesday showed.
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Apple is scheduled to hold its annual shareholders on March 10.
Cook’s actual record often fell short of the hype around him and he has been embroiled in a multitude of ethics scandals, NLPC said in the filing. These include labor rights violations in Chinese factories and supplier ties to Uyghur forced labor in Xinjiang, it added.
Cook hasn’t been able to mitigate risks, particularly related to Apple’s overreliance on Chinese suppliers, the organization said. It also referred to Cook striking a multi-billion-dollar deal with Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) to make Google the default search engine on iOS devices, thereby sacrificing user privacy.
Gore Inexperienced: In a second notice of exempt solicitation filed with the SEC, NLPC called upon shareholders to vote against Gore’s nomination as well on March 10. Gore is seeking a 21st term on the board. NLP took exception to Gore’s lack of experience in the corporate world and the technology sector.
While Gore’s primary benefit to the board is his supposed climate change expertise, his public reputation is inconsistent with his track record, his carbon-intensive lifestyle and his actual investments, NLPC said.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.