Shareholders are questioning the impact on Intel stock of the extreme dissonance between the values the company upholds and the values some of the politicians it funds publicly and professionally promotes. Northstar Asset Management hold near 80,000 shares, totaling around $4 million of Intel stock, and is looking for answers from the chip giant.
Intel held its 2018 annual shareholders meeting last week, in which three proposals were voted on by a grand total of 4.7 billion outstanding shares. One of these proposals recommends Intel justifies its political spending, which some shareholders believe don’t match up with Intel’s company values regarding diversity, climate change, and discrimination.
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Intel has a reputation for being vocal advocates for diversity, even dedicating a large sum of money - $300 million, to be precise - towards this mission back in 2015. Since that time, underrepresented minority employees in leadership positions has increased by 27%, and Intel has moved its goal for full representation within the company by 2020 to instead reach this milestone by 2018.
While there’s always more to be done to benefit inclusionary policies and equality - Intel’s US workforce is still overwhelmingly made up of men from non-underrepresented backgrounds - Intel’s stats indicate a trend towards greater diversity and inclusion.
from
https://www.pcgamesn.com/intel-stock-ipac-political-donations
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