by Steve Milloy, E&E Legal Senior Policy Fellow and Junkscience.com Founder
As Appearing on The Daily Caller
Democratic New York Rep. Alexandria Ocasio-Cortez isn’t the only one who doesn’t have any answer for what happens if China invades Taiwan. Apple’s board of directors and shareholders are right there with her.
The Free Enterprise Project of the National Center for Public Policy Research, of which I am the Executive Director, filed a shareholder proposal with Apple requesting that management report to shareholders on the extent of Apple’s entanglement with China.
Management recommended that shareholders vote against the proposal because: “The requested report is unnecessary given we already provide extensive information on our international operations.” It also claimed the proposal inappropriately restricted Apple’s ability to manage its own ordinary business operations and strategies and that: “Our Board and management maintain active oversight of our global operations” – as if China would give Apple a heads up about an invasion.
On Feb. 24., the proposal was voted down at the annual meeting. But the very serious question remains: What happens to Apple, Apple stock and Apple shareholders when China invades Taiwan?
