Apple Should Address Youth Phone Addiction, Say Two Large Investors
Apple Should Address Youth Phone Addiction, Say Two Large Investors
Published on January 08, 2018 at 08:20PM
Two large Apple shareholders, Jana Partners and the California State Teachers' Retirement System, are urging Apple to take steps to address what they say is a growing problem of young people getting addicted to Apple's iPhones, Jana partner Charles Penner said. From a report: Jana, a leading activist shareholder, and CalSTRS, one of the nation's largest public pension plans, delivered a letter to Apple on Saturday asking the company to consider developing software that would allow parents to limit children's phone use, the Wall Street Journal reported earlier on Sunday. Jana and CalSTRS also asked Apple to study the impact of excessive phone use on mental health, according to the publication. Jana and CalSTRS together control about $2 billion worth of Apple shares, the Journal reports.
Published on January 08, 2018 at 08:20PM
Two large Apple shareholders, Jana Partners and the California State Teachers' Retirement System, are urging Apple to take steps to address what they say is a growing problem of young people getting addicted to Apple's iPhones, Jana partner Charles Penner said. From a report: Jana, a leading activist shareholder, and CalSTRS, one of the nation's largest public pension plans, delivered a letter to Apple on Saturday asking the company to consider developing software that would allow parents to limit children's phone use, the Wall Street Journal reported earlier on Sunday. Jana and CalSTRS also asked Apple to study the impact of excessive phone use on mental health, according to the publication. Jana and CalSTRS together control about $2 billion worth of Apple shares, the Journal reports.
Read more of this story at Slashdot.
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