Apple’s Tim Cook Talks About Corporate Responsibility to Community

Apple’s Tim Cook Talks About Corporate Responsibility to Community

Companies have obligations to their shareholders, but for Financial results report Q2 2020, Tim Cook made it clear that his responsibility for the company also requires commitments to the community.

Responsible business

A pandemic is often the big storyteller. It highlights truths that have been obscured. Tim Cook’s opening remarks underscored the truth that businesses, especially the big and wealthy, must recognize and act on broader commitments to the community.

What does it mean? For example, companies use the planet’s resources for profit. But we all share the same planet. Companies therefore have a responsibility to reduce or even improve the impact of their actions. Apple takes take this responsibility seriously.

In the introductory remarks by CEO Cook, he similarly described a wide range of measures Apple has taken to meet its obligations in the face of a serious health threat. For example, making a million face masks a week for health professionals. Donations to charities. COVID-19 self-assessment applications. Contact tracking API (with Google). Continue to pay salaries to store employees while shops are closed. And, quoting Cook:

“In this difficult environment, our users depend on Apple products to stay connected, informed, creative and productive. We feel motivated and inspired to not only continue to meet these needs in an innovative way, but also to give back to support the global response of the tens of millions of masks and custom face masks we have sent to professionals. from anywhere in the world. world, to the millions we have donated to organizations such as Global Citizen and America’s Food Fund. ‘

High contrast

This corporate value contrasts sharply with some who, it seems, believed it was entirely appropriate to abuse and exploit their customers. Because it was profitable and easy to live with.

If there was a cynical belief that Apple’s legacy of personal health, the environment, and customer privacy and security was nothing but a ruse for its great profits, this vanity is now being tested. naked as a lie during this potentially deadly pandemic.

Again, we see a stark contrast to some other companies that are slow to protect their workers in crowded factories and warehouses. Significant amounts were also available to them, but their late actions and focus on profit did not properly meet their obligations to the community.

Harder times could come for Apple, but it was great to see Apple use its corporate bond sense to calibrate its course through a major global crisis. More than ever, we respect and admire Tim Cook’s leadership.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
UNITED STATES-WALL STREET STOCKS END MIXED, TESLA FALLS
UNITED STATES-WALL STREET STOCKS END MIXED, TESLA FALLS
Weighing heavily on the S&P 500, Tesla tumbled after Chief Executive Elon Musk denounced as “utterly untrue” claims in a news report that he sexually ...
The PFRDA was asked by the government of Chhattisgarh to reimburse Rs 17,240 crore for the implementation of an outdated pension system
The PFRDA was asked by the government of Chhattisgarh to reimburse Rs 17,240 crore for the implementation of an outdated pension system
A new GPF (General Provident Fund) account has been opened by the state government for every employee registered with NPS, it said. ”As per the data ...
Sri Lanka's central bank governor says he sees more stability and plans to stay in office
Sri Lanka’s central bank governor says he sees more stability and plans to stay in office
“We now have fresh appointments. We have also seen that our measures are working well. I would like to see a finance minister appointed. Now we are seeing ...
Inflation concerns drive down European stock prices
Inflation concerns drive down European stock prices
The European Central Bank is set to hike rates shortly after ending its bond-buying programme early in the third quarter, with the potential for further ...
GLOBAL MARKETS - Stocks are falling as retailer warnings spark stagflation fears
GLOBAL MARKETS – Stocks are falling as retailer warnings spark stagflation fears
“Target and Walmart coming out with disappointing numbers has spooked people,” said Close Brothers Asset Management’s Chief Investment Officer Robert Alster. ...
China and the US Are Raising World Debt to a New Record of $305 Trillion
China and the US Are Raising World Debt to a New Record of $305 Trillion
The analysis showed many countries, both emerging and developed, are entering a monetary tightening cycle -led by the U.S. Federal Reserve- with high levels ...
HP chose the Ubuntu-based Pop!  Linux OS as the operating system for your next Dev One laptop;  can System76 be purchased
HP chose the Ubuntu-based Pop! Linux OS as the operating system for your next Dev One laptop; can System76 be purchased
So, what does this tell me? Well, it is purely speculation, but as the old adage says, “where there is smoke, there is fire.” And so, it is safe to assume ...
Ramkumar Ramaswamy is the new Chief Financial Officer of JSPL
Ramkumar Ramaswamy is the new Chief Financial Officer of JSPL
Ramaswamy comes with 25 years of functional experience across sales and marketing, supply chain, controllership, financial planning and analysis, treasury, ...
Lebanon's recovery plan includes bank debt forgiveness and depositors' haircuts
Lebanon’s recovery plan includes bank debt forgiveness and depositors’ haircuts
It comprises many procedures that must be completed before cash from a preliminary agreement with the International Monetary Fund can be released, which ...
Google Delayed Removing Bandcamp Android App
Google Delayed Removing Bandcamp Android App
This week, Bandcamp co-founder and CEO Ethan Diamond said Google has agreed to leave the music service’s Android app alone pending the court case between it ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo