Thursday, January 10, 2019

How many Dems will condemn Tim Cook's earnings?

Answer to post title: None.

This Is Money: Apple boss Tim Cook's BIGGEST BONUS EVER.
Apple boss Tim Cook collected his biggest ever bonus just weeks before the iPhone maker cut production due to poor sales.

The 58-year-old trousered £12.3million in 2018, including a £2.4million salary and a £9.4million bonus.

It was a 22 per cent pay rise for a year that saw Apple post record revenue and profit.

But it came just weeks before it dropped a bombshell, saying demand for its latest iPhones failed to meet expectations.
I have no problem with any CEO making a ton of money. I do have a problem with corporations with business ties in countries that exploit and use forced child labor for mining cobalt and lithium and any other resource. Don't tell me these companies "don't know". Years ago, Apple had to install suicide nets in their China manufacturing facilities because workers preferred leaping to their deaths rather than work at their job.

Green Tech Media: The Hidden Risks of Batteries: Child Labor, Modern Slavery.
Shockingly, 40,000 children are estimated to be employed in artisanal mines in southern DR Congo, including in cobalt extraction. Verisk Maplecroft’s cobalt risk assessment -- part of its commodity risk service -- reveals that human rights abuses are widespread in the sector and can occur within both industrial and artisanal mines.
Bloomberg: 2018: Apple negotiating to buy cobalt direct from miners in DR Congo.
The price of cobalt has more than tripled in the past 18 months to trade above $80,000 a metric ton. Two-thirds of supplies come from the Democratic Republic of Congo, where there has never been a peaceful transition of power and child labor is still used in parts of the mining industry.
Apple isn't the only maker of electronics that obtains cobalt and lithium from countries and sources that use forced child labor. Conducting business with countries and companies that deliberately look the other way on all types of child labor is appalling and must be stopped. What is Tim Cook going to do about it? What are you/we going to do about it? Yes, there's lithium and cobalt in your, and my, lap top, desk top, IPad, phone and everything else. What degree of responsibility belongs to those of us who use these devices?

While all activity or work contains some degree of risk, (simply being alive carries with it the inherent risk of death), and while we can each rationalize what we do in life and assess various degrees of risk we are willing to take, profit should never come at the expense of human life and health. This is mantra to every reasonable, free-thinking individual. But it is held in absolute holy righteousness by The Left. So, why am I not surprised that The Left maintains a silent vigil on this issue when it comes to Tech?

One could correctly call the cobalt and lithium industry the "new" Exxon or Standard Oil. But The Left never will.

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