Interesting shareholder meeting. Tim Cook states
• Martin Luther King and Bobby Kennedy are his heroes
• Apple cares about human rights
• is active in philanthropy
• not concerned about making big purchases to catch headlines • chooses doing the right thing over ROI
Pretty strong claims. How do we verify the truthfulness, in particular the ROI claim? Hoarding cash in overseas accounts? Is that the right thing? Accumulating that cash by employing slave labor in china at the expense of jobs here in the US? Is that the right thing?
I don’t claim to have answers but I do have questions…
I don’t think there is “slave labor” in China now. I have visited China about 10 times since 1993. The working condition is certainly not as good as developed countries. However, that’s a common phenomenon across many poor countries. To qualify for “slave labor” one needs to be forced to work with no freedom to quit. I didn’t see any of these among the 100+ factories that I have visited in China.
Thank you very much for your comment. I violated a Buddhist principle by speaking about something I did not experience. It is good to hear the conditions are not as bad as the media makes them out to be. Still $17/day was the last number I heard for workers in Foxconn factories.
Maybe they should unionize? 🙂