Summary by Moomoo AI
Bowyer Research has recommended that Apple Inc. shareholders vote against Proposal 6 on the 2024 proxy ballot, which calls for the company to report on median pay gaps across race and gender. The proposal, submitted by Anmol Mehra of Arjuna Capital, suggests that Apple should disclose unadjusted median pay gaps to address structural bias affecting women and minorities. However, Bowyer Research argues that unadjusted pay gaps do not meaningfully reflect workplace disparities and could mislead shareholders and employees by suggesting racial and gender biases where none exist. They contend that the proposal could harm Apple's reputation and create internal workplace issues. Bowyer Research's stance is that the proposal does not effectively tackle pay disparity and could damage the trust between Apple and its shareholders, as well as pose a reputational risk to the company.