Let's see if the big money talking to big money has any real world impact.
From Chief Investment Officer:
The $221.7 billion California State Teacher’s Retirement System’s (CalSTRS) Director of Corporate Governance Anne Sheehan has released a statement regarding a recent letter issued to Apple Inc.
The letter, co-written by CalSTRS and hedge fund Jana Partners LLC, calls for Apple to address the issue of young people becoming addicted to iPhones by offering parents more choices and tools to their children.The story thus far:
“By doing so, we believe Apple would once again be playing a pioneering role, this time by setting an example about the obligations of technology companies to their youngest customers. As a company that prides itself on values like inclusiveness, quality education, environmental protection, and supplier responsibility, Apple would also once again be showcasing the innovative spirit that made you the most valuable public company in the world,” the letter reads.
“In fact, we believe that addressing this issue now will enhance long-term value for all shareholders, by creating more choices and options for your customers today and helping to protect the next generation of leaders, innovators, and customers tomorrow.”
CalSTRS and Jana collectively own $2 billion worth of shares in the tech giant....MORE
UPDATED—"Investors Push Apple to Develop Tools to Respond to Smartphone Addiction in Youth" (AAPL)
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Apple's Response To iPhone Addiction Concerns (AAPL)
